Business, 19.09.2019 23:30, zahradawkins2007

Randall company manufactures products to customer specifications. a job costing system is used to accumulate production costs. factory overhead cost was applied at 125% of direct labor cost. selected data concerning the past year's operation of the company are presented below. january 1 december 31 direct materials $ 80,000 $ 43,000 work in process 69,000 45,000 finished goods 118,000 103,000 other information direct materials purchases $ 327,000 cost of goods available for sale 956,000 actual factory overhead costs 263,000 the cost of goods manufactured during the year is:

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Business, 19.09.2019 20:00, m10479

Tb mc qu. 4-58 randall company manufactures products to randall company manufactures products to customer specifications. a job costing system is used to accumulate production costs. factory overhead cost was applied at 125% of direct labor cost. selected data concerning the past year's operation of the company are presented below. january 1 december 31 direct materials $ 80,000 $ 43,000 work in process 69,000 45,000 finished goods 118,000 103,000 other information direct materials purchases $ 327,000 cost of goods available for sale 956,000 actual factory overhead costs 263,000 the cost of goods manufactured during the year is:

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Business, 20.09.2019 16:10, sreyasusanbinu

Dillon products manufactures various machined parts to customer specifications. the company uses a job-order costing system and applies overhead costs to jobs on the basis of machine-hours. at the beginning of the year, the company used a cost formula to estimate that it would incur $4,800,000 in manufacturing overhead cost at an activity level of 240,000 machine-hours. the company spent the entire month of january working on a large order for 16,000 custom made machined parts. the company had no work in process at the beginning of january. cost data relating to january follow: a. raw materials purchased on account, $325,000.b. raw materials requisitioned for production, $290,000 (80% direct materials and 20% indirectmaterials).c. labor cost incurred in the factory, $180,000 (one-third direct labor and two-thirds indirect labor).d. depreciation recorded on factory equipment, $75,000.e. other manufacturing overhead costs incurred, $62,000 (credit accounts payable).f. manufacturing overhead cost was applied to production on the basis of 15,000 machine-hours actually worked during the month.g. the completed job was moved into the finished goods warehouse on january 31 to await delivery to the customer. (in computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overhead.)1.prepare journal entries to record items (a) through (f) above. [ignore item (g) for the moment.2.prepare t-accounts for manufacturing overhead and work in process. post the relevant items from your journal entries to these t-accounts.3.prepare a journal entry for item (g) above4.compute the unit product cost that will appear on the job cost sheet.

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Business, 09.10.2019 02:20, drewdean5545

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Business, 07.11.2019 23:31, alejandramirand9836

Dillon products manufactures various machined parts to customer specifications. the company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. at the beginning of the year, the company used a cost formula to estimate that it would incur $4,188,400 in manufacturing overhead cost at an activity level of 566,000 machine-hours. the company spent the entire month of january working on a large order for 8,400 custom made machined parts. the company had no work in process at the beginning of january. cost data relating to january follow: a. raw materials requisitioned for production, $261,000 (80% direct and 20% indirect). b. labor cost incurred in the factory, $174,000, of which $58,000 was direct labor and $116,000 was indirect labor. c. depreciation recorded on factory equipment, $63,500. d. other manufacturing overhead costs incurred, $85,100 (credit accounts payable). e. manufacturing overhead cost was applied to production on the basis of 40,900 machine-hours actually worked during the month. f. the completed job was moved into the finished goods warehouse on january 31 to await delivery to the customer. (in computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overhead.) required: 1. calculate the actual manufacturing overhead costs incurred. actual manufacturing overhead costs incurred: $ 2. compute the amount of manufacturing overhead applied to production. manufacturing overhead applied to production: $ 3. calculate the total manufacturing cost for the job completed in january. manufacturing cost for the job: $ 4. compute the unit product cost that will appear on the job cost sheet. (do not round intermediate calculations. round your answer to 2 decimal places.) unit product cost: $ per unit

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