Business, 06.10.2019 01:30, squawk1738
The company applies overhead cost to jobs on the basis of direct labor-hours. for the current year, the company’s predetermined overhead rate of $16.25 per direct labor-hour was based on a cost formula that estimated $650,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. the following transactions were recorded for the year: raw materials were purchased on account, $510,000. raw materials used in production, $480,000. all of of the raw materials were used as direct materials. the following costs were accrued for employee services: direct labor, $600,000; indirect labor, $150,000; selling and administrative salaries, $240,000. incurred various selling and administrative expenses (e. g., advertising, sales travel costs, and finished goods warehousing), $367,000. incurred various manufacturing overhead costs (e. g., depreciation, insurance, and utilities), $500,000. manufacturing overhead cost was applied to production. the company actually worked 41,000 direct labor-hours on all jobs during the year. jobs costing $1,680,000 to manufacture according to their job cost sheets were completed during the year. jobs were sold on account to customers during the year for a total of $2,800,000. the jobs cost $1,690,000 to manufacture according to their job cost sheets. 4. what is the total amount of manufacturing overhead applied to production during the year
Answers: 2
Business, 22.06.2019 11:10, allieallie
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
Business, 22.06.2019 13:20, sailesd57
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
Answers: 2
Business, 22.06.2019 19:20, dayday0
Six years ago, an 80-kw diesel electric set cost $160,000. the cost index for this class of equipment six years ago was 187 and is now 194. the cost-capacity factor is 0.6. the plant engineering staff is considering a 120-kw unit of the same general design to power a small isolated plant. assume we want to add a precompressor, which (when isolated and estimated separately) currently costs $13291. determine the total cost of the 120-kw unit. (hint: skip $ and comma symbols)
Answers: 3
The company applies overhead cost to jobs on the basis of direct labor-hours. for the current year,...
History, 10.11.2020 22:40
History, 10.11.2020 22:40
Social Studies, 10.11.2020 22:40
Mathematics, 10.11.2020 22:40
Mathematics, 10.11.2020 22:40