A manufacturing company makes cellphone. Conversion costs that change raw materials to become finished products cost N$669000. The workers on the production line were paid N$350000. The total Cost at the manufacturing plant were 849 000.Company had no opening or closing inventories of work in process. What was the amount for manufacturing overheads costs for the period?

A manufacturing company makes cellphone. Conversion costs that change raw materials to become finished products cost N$669000. The workers on the production line were paid N$350000. The total Cost at the manufacturing plant were 849 000.Company had no opening or closing inventories of work in process. What was the amount for manufacturing overheads costs for the period?

Name: A manufacturing company makes cellphone. Conversion costs that change
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: A manufacturing company makes cellphone. Conversion costs that change raw materials to become finished products cost N$669000. The workers on the production line were paid N$350000. The total Cost at the manufacturing plant were 849 000.Company had n

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

See similar textbooks

Similar questions

York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of direct labor. The cost to make job 0325 is $70 in aluminum and two hours of labor at $20 per hour. During the month. York incurs $50 in indirect material cost. $150 in administrative labor, $300 in utilities, and $250 in depreciation expense. What is the predetermined overhead rate if direct labor hours are considered the cost driver? What is the cost of Job 0325? What is the overhead incurred during the month?
SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula: Overhead cost = 543,000 + 1.34X, where X equals number of smokers. Last year, SmokeCity produced 20,000 smokers. Actual overhead costs for the year were as expected. Required: 1. What is the driver for the overhead activity? 2. What is the total overhead cost incurred by SmokeCity last year? 3. What is the total fixed overhead cost incurred by SmokeCity last year? 4. What is the total variable overhead cost incurred by SmokeCity last year? 5. What is the overhead cost per unit produced? 6. What is the fixed overhead cost per unit? 7. What is the variable overhead cost per unit? 8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 19,500 units and (b) 21,600 units. (Round your answers to the nearest cent.) Explain this outcome.
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
A manufacturing company makes cell phones. Conversion costs that change raw materials to became finished products cost N$669 000. The workers on the production line were paid N$350 000. The total costs at the manufacturing plant were N$849 000. Company had no opening or closing inventories of work-in-progress. What was the amount for manufacturing overheads cost for the period?
A manufacturing company makes cell phones. Conversion costs that change raw materials to became finished products cost N$669 000. The workers on the production line were paid N$350 000. The total costs at the manufacturing plant were N$849 000. Company had no opening or closing inventories of work-in-progress. What was the amount for prime costs for the period?
Guaranteed Appliance Co. produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period were: corporate executives, $555,000; assembly-line workers, $187,000; security guards, $55,000; and plant supervisor, $137,000. What is the total of Guaranteed’s direct labor cost?
Morris Corp applies manufacturing overhead cost to Jobs (to the work in process account) at a rate of $50 per direct labor hour (DLH). For the year, actual overhead costs totaled $240,000, and 5,000 DLHs were worked by the company's employees. a. How much overhead cost was applied to the work in process account? b. Was manufacturing overhead overapplied, or underapplied.
The cost of direct labor was 58000. The charging rate of the CBS was 25% of the cost of direct labour. The company's expenses during the above period were: depreciation = 1500, exhibition expenses = 800, factory insurance premiums = 650, administrative employees' fees=22000, depreciation of factory machinery = 1400, rent=6500, salesmen's travel expenses = 1500, factory warden salaries = 2200, cleaning costs = 450, subscriptions = 150, maintenance costs = 320, indirect production materials = 750, factory maintenance costs = 1100, advertising costs = 5100, salaries of salesmen = 10000, utility costs = 4800, sample costs = 650, indirect work = 3600, interest debit & related financial expenses = 750, foreman salaries = 4100, other promotion costs = 390, lawyers' fee = 10000, accountants' fee = 11000, miscellaneous production consumables = 900. how much is the CBS?
15. When producing tables, a company incurs the following costs: $30 for screws, $6,500 for wood, $80 for wood stain, $5,000 paid to janitors who clean the production facilities, $2,100 paid to employees who saw and prepare wood for production, and $1,600 for depreciation on equipment. How much factory overhead cost would need to be allocated to the tables produced?
Unigloo Corporation uses a predetermined overhead rate based on direct labour-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: Direct materialsDirect labourRent on factory building Sales salaries Depreciation of corporate office printers Depreciation on factory machinery Indirect materialsIndirect labour $5,000 $19,000 $16,000 $24,000 $13,000 $7,000 $11,000 $14,000 Unigloo estimates that 12,000 direct labour-hours will be worked during the year. The predetermined overhead rate per hour will be _____________.
The following information relates to Dela Cruz Company for last year. Dela Cruz uses direct labor hours as an overhead base. (a) Estimated direct labor hours 150,240 hours. (b) Estimated manufacturing overhead costs P112,680. (c) Actual manufacturing overhead costs P136,906. (d) Applied manufacturing overhead costs P126,765. What was the actual direct labor hours worked last year at Dela Cruz?
During the period, PDI purchased $4,000 of Iron Ore. At the end of the period, they had $2,400 of ore left in Raw Materials They used 120 hours of direct labor and incurred $12,000 of Factory Overhead. At the beginning of the period, PDI had $3,000 of costs in WIP and $2,400 of costs in Finished Goods. Prepare the Schedule of Cost of Goods Manufactured for PDI. Do not use dollar signs. Use whole numbers only (no decimal places) PDI Schedule of Cost of Goods Manufactured?