A company produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period were: corporate executives, $500,000; assembly-line workers, $209,000; security guards, $45,000; and plant supervisor, $110,000. The total of company's direct labor cost was: Select one: O a. $754,000 O b. $319,000 O c. $203,000 O d. $209,000 O e. $864,000
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- Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hoursConsider the following costs incurred in a recent period: Direct Materials $ 33,000 Depreciation on factory equipment $ 12,000 Factory janitor's salary $ 23,000 Direct labor $ 28,000 Utilities for factory $ 9,000 Selling expenses $ 16,000 Production supervisor's salary $ 34,000 Administrative expenses $ 21,000 What was the total amount of the period costs listed above for the period? a. $78,000 b. $71,000 c. $37,000 d. $46,000
- A corporation used $34,000 of direct materials. It incurred $73,000 in direct labor costs and $112,500 in manufacturing overhead costs during the period. What is the cost of goods manufactured if the beginning and ending Work-in-Process Inventories were $27,500 and $22,000, respectively? A. $219,500 B. $225,000 OC. $214,000 D. $247,000A company used $35,000 of direct materials, incurred $73,000 in direct labor cost, and had $114,000 in factory overhead costs during the period. If beginning and ending work in process inventories were $28,000 and $32,000, respectively, the cost of goods manufactured was a.$226,000 b.$218,000 c.$222,000 d.$190,000The following data is given for Mayfield Co.: Planned Costs Actual Costs and Hours and Hours Direct materials costs $100,000 $150,000 Direct labor costs $120,000 $160,000 Factory overhead costs $80,000 $100,000 Direct labor hours 15,000 17,000 Factory overhead is applied on the basis of direct labor hours. Compute the over(under)applied overhead: $_______________ overapplied, underapplied (circle one)
- A company produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period were corporate esecutives, $500,000, assembly-ine workers $209,000, security guards, $45,000, and plant supervisor, $110.000 The total of company's direct labor cost was Select one Oa $754000 ObS319,000 OCS203,000 Od S209.000 Oe se4000Company XYZ uses direct labor hours to allocate its manufacturing overhead. Manufacturing overhead was estimated to be $410,000 for the year. Actual manufacturing overhead was $415,000 and actual labor hours were 22,000. The estimated direct labor hours for the year was 20,000. The amount of manufacturing overhead applied to production would be: Select one O a. $372,727 b. $451,000 C $462,000 O a d.5410,000 O e None of the answers givenConsider the following costs: £ Production supervisor’s salary 34,000 Direct materials 27,000 Selling expenses 16,000 Indirect materials 22,000 Depreciation of factory equipment 25,000 Direct labour 23,000 Utilities for factory 9,000 Administrative expenses 21,000 What is the total amount of manufacturing overhead? a. £89,000 b. £68,000 c. £90,000 d. £140,000
- The accounting records of Diego Company revealed the following costs, among others: Direct Material 85,000 Indirect Material 12,000 Factory depreciation 42,000 Indirect Labor 8,500 Utilities Manufacturing O.H 3,700 Costs that would be considered in the calculation of manufacturing overhead total: Select one: a.24,200 b.151,200 c.15,700 d.66,200Francum Company has the following data: direct labor $250,000, direct materials used $199,000, total manufacturing overhead $253,000, and beginning work in process $32,000. > (a) v (b) Compute total cost of work in process. Total cost of work in processGell Corporation manufactures computers. Assume that Gell: • allocates manufacturing overhead based on machine hours • estimated 12,000 machine hours and $93,000 of manufacturing overhead costs • actually used 16,000 machine hours and incurred the following actual costs: What is Gell’s actual manufacturing overhead cost? a. $158,000 b. $83,000 c. $145,000 d. $220,000