The manufacturing cost of XYZ Company during October includes prime costs of OMR85,000. The manufacturing overhead is 20% of the month's total manufacturing costs. If beginning work in process was OMR25,000 and ending work in process is OMR39,000, the cost of goods manufactured is

Q: Stuart Corporation expects to incur indirect overhead costs of $73,775 per month and direct…

A: Formula: Predetermined overhead rate = Total overhead / Number of units Division of total overhead…

Q: During the month of January, direct labor cost totaled PhP850,000 and direct labor cost was 60% of…

A: Labor cost = Php 850,000 Labor cost ratio in prime cost = 60% Prime cost = 850,000/0.60 = Php.…

Q: During the month of May, direct labor cost totaled $13,560 and direct labor cost was 40% of prime…

A: Direct labor cost = $13,560 Direct labor cost = 0.40 × Prime cost Total manufacturing cost = $81,800…

Q: Perez Corporation expects to incur indirect overhead costs of $107,550 per month and direct…

A: Total production in units for four months = 5,200 + 8,500 + 3,900 + 6,300 Total production in units…

Q: Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to…

A: Overheads are considered as fixed and common expenses that should be allocated to the products on…

Q: Company XYZ uses direct labor hours to allocate its manufacturing overhead. Manufacturing overhead…

A: Manufacturing Overheads: Manufacturing Overheads are the overheads that are not directly attributed…

Q: Javonte Co. set standards of 3 hours of direct labor per unit of product and $15 per hour for the…

A: working notes SH of October= 5600 units * 3hrs=16,800. SH of November= 6000*3=18,000.

Q: During the month of March, direct materials cost totaled PhP850,000 and direct labor cost was 70% of…

A: Material cost = Php 850,000 Labor cost ratio in prime cost = 70% Material cost ration in prime cost…

Q: The direct materials cost for November was:

A: Manufacturing OG  cost 100,000 Add: Ending materials 57,000 A 157,000 Less:   Beginning…

Q: During the month of May, Bennett Manufacturing Company purchases $43,000 of raw materials. The…

A: Cost of goods manufactured: Cost of goods manufactured means total manufacturing costs; including…

Q: Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor hours.…

A: Predetermined overhead rate: Predetermined overhead rate is calculated befor the period begins. This…

Q: For September, Murphy Company has manufacturing costs in BWIP equal to $100,000. During September,…

A: The Equivalent unit cost is computed by dividing the total manufacturing cost of period by total…

Q: At the beginning of the year, Han Company estimated the following: Overhead $582,400 Direct labor…

A: Predetermined overhead rate = Estimated Overheads / Estimated direct labor hours

Q: A company estimated the manufacturing overhead costs for the coming year at $420,000. The total…

A: Overheads means all type of indirect costs being incurred by the business. These costs can not be…

Q: During the month of February, direct materials cost totaled PhP650,000 and direct labor cost was 40%…

A: Material cost = Php 650,000 Labor cost ratio = 40% Prime cost = Material cost/(1-Labor cost ratio)…

Q: Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours.…

A: The predetermined overhead rate is the allocation rate used to allocate the manufacturing overhead…

Q: Lakeland Inc. manufactured 2,500 units during the month of March. They incurred direct materials…

A: Prime cost includes direct materials cost and direct labor

Q: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the…

A: Formula: Predetermined overhead rate = ( Estimated factory overhead / Estimated direct labor costs )…

Q: XYZ Company has the following balances for the current month: Direct materials used OMR 24,000…

A: Manufacturing Cost: It is a cost incurred to produce or manufacture goods. It includes direct…

Q: During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs,…

A: Predetermined overhead rates are used for allocating the indirect overhead cost. It can be allocated…

Q: Mina Manufacturing Company purchases of materials during March totaled P110,000. While direct labor…

A: The financial statement that records all the expenses and receipts of an organization during a…

Q: compute the october cost of direct materials used if raw material purchases for the month were…

A: Cost of direct materials used = Beginning direct materials inventory + direct materials purchased -…

Q: how can resolve this? During the month of May, direct labor cost totaled $11,800 and direct labor…

A: Total Manufacturing Cost = Prime Cost + Manufacturing Overheads

Q: Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to…

A: Pre determined overhead Allocation  The purpose calculating the pre determined overhead allocation…

Q: During the month of February, direct labor cost totaled PhP650,000 and direct labor cost was 40% of…

A: Answer -  Calculation of manufacturing overhead -  Direct labor cost total = 650,000 Its equal prime…

Q: Rehan Corporation has provided data concerning its operations for August. The beginning balance in…

A: Direct materials: These include all the supplies and materials that are consumed by the business…

Q: Chris Company produced and sold 1,000 units during its first month of the following cost and…

A: Ans. Selling and Administrative costs are not allocated to the product cost.

Q: On December 1, the Amor Company had the following inventories; materials, P24,000;work in process,…

A: Conversion Cost:- it includes the direct labor and other overhead expenses incurred in the…

Q: During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs,…

A: Direct labor hours: It refers to the total number of labour hours required to produce the product

Q: In April Leafon Landscapes' direct labor was 60% of the conversion cost. If the manufacturing…

A: Conversion cost = Direct labor + Manufacturing overhead

Q: During the month of August, direct labor cost totaled $13,000 and direct labor cost was 20% of prime…

A: Total manufacturing costs = Prime cost + manufacturing overhead Where, Prime cost = Direct material…

Q: The cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the…

A: Predetermined factory overhead rate = Estimated total factory overhead cost / Total direct labor…

Q: Manufacturing overhead was estimated to be OMR 415,000 for the year along with estimated 20,000…

A: Manufacturing overheads includes all indirect cost incurred during the production process. For…

Q: Arrow Manufacturing Co. expects to make 50,000 chairs during the year 1 accounting period. The…

A: Introduction: Manufacturing costs include all resources utilized in the creation of the product.…

Q: Logan Products computes its predetermined overhead rate annually on the basis of direct labor hours.…

A: Given: Direct labor-hours = 40,000 hours Fixed manufacturing overhead expenses = $466,000  Actual…

Q: During the month of April, Lucena Company reported Direct Labor of P72,000 and Direct Labor was…

A: Labor cost = P 72,000 Direct Labor to prime cost = 60% Prime cost = Labor cost/Direct Labor to prime…

Q: On December 1, the Diamond Company had the following inventories; materials, P 24,000 ; work in…

A: Working Notes:

Q: Manufacturing overhead was estimated to be OMR 400,000 for the year along with estimated 20,000…

A: Above question deals with journal entries for flow of production costs. Manufacturing overhead…

Q: Bernard Company shows the following manufacturing costs for the first six months of the year:…

A: Solution...     Highest point  Production in units = 2,600  Costs = $47,900  Lowest point…

Q: Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to…

A: Working Notes: 1.  Estimated Manufacturing overhead cost = $ 500,000 2. Estimated Machine hours =…

Q: Direct materials used in production totaled $280,000. Direct labor was $375,000, and $180,000 of…

A: Total Manufacturing costs = Material + Labor + Manufacturing Overhead

Q: XYZ Company produced 100,000 units of Product J during the month of December: Costs incurred during…

A: Total variable manufacturing costs = Direct materials used + direct labor + variable manufacturing…

Q: The chief cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the…

A: Note: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: IBC Steel Corp Inc has the following information for the current month: Cost of goods manufactured P…

A: Prime cost is the direct cost incurred in the production of goods. It doesn't include indirect costs…