Here are selected data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours $257,750 35,000 36,000 OA. 78% of direct labor cost OB. 80% of direct labor cost OC. 128% of direct labor cost OD. 103% of direct labor cost Factory utilities Indirect labor Sales commissions Estimated direct labor cost $330,400 Actual direct labor cost $320,300 Factory depreciation $65,400 If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? Factory rent Factory property taxes Indirect materials $30,200 $22,400 $53,700 $47,700 $28,100 $33,000

Here are selected data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours $257,750 35,000 36,000 OA. 78% of direct labor cost OB. 80% of direct labor cost OC. 128% of direct labor cost OD. 103% of direct labor cost Factory utilities Indirect labor Sales commissions Estimated direct labor cost $330,400 Actual direct labor cost $320,300 Factory depreciation $65,400 If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? Factory rent Factory property taxes Indirect materials $30,200 $22,400 $53,700 $47,700 $28,100 $33,000

Name: Here are selected data for Wilson CompanyEstimated manufacturing over
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Description: Here are selected data for Wilson CompanyEstimated manufacturing overheadEstimated labor hoursActual direct labor hoursEstimated direct labor costActual direct labor costFactory depreciation$257,75035,00036,000$330,400$320,300$65,400If the company a

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 11E: Ripley, Inc., costs products using a normal costing system. The following data are available for...

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Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced (carry your answer to four significant digits)?
A company has the following information relating to its production costs: Compute the actual and applied overhead using the companys predetermined overhead rate of $23.92 per machine hour. Was the overhead over applied or under applied, and by how much?
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of $125,900. Overhead is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
The actual overhead for a company is $73,175. Overhead was based on 4,500 machine hours and was $3,325 over applied for the year. What is the overhead application rate per direct labor hour? What is the journal entry to dispose of the under applied overhead?
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During the year, a company purchased raw materials of $77,321 and incurred direct labor costs of $125,900. Overhead Is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
services XYZ industries applies overhead based on direct labor cost. The following information was available for the last year: Actual manufacturing overhead OMR50,000; Underapplied manufacturing overhead OMR10,400; Actual Prime cost OMR52,000; Actual Direct material cost OMR19,000; Estimated direct labor cost OMR41,000 overhead for the year? What was the estimated man turi Select one: O a. OMR49,200 O b.OMR39,600 O c. None of the answers given O d. OMR46,800 e OMRS1,600 ge Next page
The following information pertains to Whitestone Industries for the year: Estimated total overhead costs Estimated direct labor costs Actual direct labor costs Actual overhead costs Activity base $37,500 25,000 22,500 36,000 Direct labor costs What is the predetermined overhead rate for Whitestone Industries for the year? Oa. 62.5% Ob. 66.7% Oc. 150% Od. 160%
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R nces A company estimates the following manufacturing costs at the beginning of the period: direct labor, $508,000; direct materials, $184,000; and factory overhead, $118,000. Mc Graw Hill stop Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its predetermined overhead rate as a percent of direct materials. 2 Complete this question by entering your answers in the tabs below. S Required 1 Required 2 Compute its predetermined overhead rate as a percent of direct labor. W X Numerator: 11 243 # 3 E (4 101 C $ 4 R 1 1 DE 1 Overhead Rate % 5 Denominator: 4 11 ) O O L P { + [ 4 3 DA