Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question 1:
Hsung Manufacturing Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department E, direct labor hours in Department G, and machine hours in Department I.
In establishing the predetermined overhead rates for 2012, the following estimates were made for the year.
Department
E
G
I
Manufacturing overhead
$1,050,000
$1,500,000
$840,000
Direct labor costs
$1,250,000
$450,000
Direct labor hours
100,000
125,000
40,000
Machine hours
400,000
500,000
120,000
During January, the job cost sheets showed the following costs and production data.
Direct materials used
$140,000
$126,000
$78,000
$120,000
$110,000
$37,500
Manufacturing overhead incurred
$89,000
$124,000
$74,000
8,000
11,000
3,500
34,000
45,000
10,400
Instructions
(a) Compute the predetermined overhead rate for each department.
(b) Compute the total manufacturing costs assigned to jobs in January in each department.
(c) Compute the under-or overapplied overhead for each department at January 31.
bohemian links inc. produces sausages in three production departments-mixing casing and curing and packaging. in the
Which of the following is true regarding the contribution margin ratio of a single product company?
The subsidiary still possesses 40 percent of this inventory at the current year end. Top had established the transfer price based on its normal markup. What are the consolidated sales and cost of goods sold?
the reason we use the words unfavorable and favorable when computing variances is made clear when we look at the
A check drawn by a depositor for $180 in payment of a liability was recorded in the journal as $810? This item would be included on the bank reconciliation as?
The appraisal states that the system increased the value of Gabriel's residence by $1,000. Expenses qualifying for the medical deduction in the current year total:
Is the 5-question approach to ethical decision making superior to the moral standards or Pastin approach?
On November 28, 2010, she sold 48 shares, which could not be specifically identified, for $576 and on December 8, 2010, she sold another 25 shares of $188, What was her recognized gain or loss?
A company with working capital of $500,000 and a current ratio of 2.5pays a $85,000 short-term liability. The amount of working capital immediatelyafter payment is:
Michaels Company segments its income statement into its East and West Divisions. The company's overall sales, contribution margin ratio, and net operating income are $620,000, 57%, and $57,000, respectively.
Accounting is becoming a global business language. Provide some evidence of this assertion. What are some of the implications of this trend?
Why are we here? What is my purpose to be here? Am I supposed to be doing something great with my life? For thousands of years, men and women have pondered these and similar questions.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd