The accounting records of Diego Company revealed the following costs, among others: Direct Material 85,000 Indirect Material 12,000 Factory depreciation 42,000 Indirect Labor 8,500 Utilities Manufacturing O.H 3,700 Costs that would be considered in the calculation of manufacturing overhead total: Select one: a. 24,200 b. 151,200 c. 15,700 d. 66,200

The accounting records of Diego Company revealed the following costs, among others: Direct Material 85,000 Indirect Material 12,000 Factory depreciation 42,000 Indirect Labor 8,500 Utilities Manufacturing O.H 3,700 Costs that would be considered in the calculation of manufacturing overhead total: Select one: a. 24,200 b. 151,200 c. 15,700 d. 66,200

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...

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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?
For each of the following independent cases (A to E), compute the missing values in the table: Case B C D E Prime Conversion Cost Cost $ 9,450 $ 16,420 $ 56,200 110,700 49,250 Direct Materials 4,070 10,150 41,800 19,600 Direct Manufacturing Labor Overhead BIM $ 7,440 11,350 13,600 11,040 24,800 23,900 Total Manufacturing Cost 42,390 68,850 56,600
Compute conversion costs given the following data: direct materials, $363,200; direct labor, $204,600; factory overhead, $192,100 and selling expenses, $39,100. a. $555,300 b. $759,900 O c. $153,000 od. $396,700
For each of the following independent cases (A-E), compute the missing values in the table: Case A B C D E Prime Cost $ 9,520 55,500 Conversion Cost $ Direct Materials $ 16,410 111,100 47,750 3,950 10,190 41,800 19,400 Direct Manufacturing Labor Overhead 7,320 12,750 13,300 $ 10,840 26,100 24,600 Total Manufacturing Cost 43,610 67,150 56,900
Here are selected data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor cost Actual direct labor cost Factory depreciation $257,750 35,000 36,000 $330,400 $320,300 $65,400 If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? 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 Factory rent Factory property taxes. Indirect materials COS $30,200 $22,400 $53,700 $47,700 $28,100 $33,000
For each of the following independent cases (A through E), compute the missing values in the table: Case A BCDE Prime Cost 6,840 11,610 Conversion Cost 11,570 7,930 20,560 Direct Materials $ 2,140 $ 2,300 1,440 3,500 Direct Labor Manufacturing Overhead 1,010 S 3.120 1,910 3,560 7,030 3,050 Total Manufacturing Cost 9,370 5,900
Compute conversion costs given the following data: direct materials, $394,900; direct labor, $195,700; factory overhead, $212,200 and selling expenses, $43,800. a.$168,400 b.$802,800 c.$407,900 d.$607,100
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
For each of the following independent cases (A through E), compute the missing values in the table: Total Manufacturing Cost Case A B CDE Prime Cost 6,880 11,680 Conversion Cost 11,570 8,050 20,670 Direct Materials $ 2,040 2,200 1,450 3,490 $ Direct Manufacturing Labor Overhead 1,100 S 3,070 2,020 3,520 6,890 3,000 9,500 5,970
For each of the following independent cases (A through E), compute the missing values in the table: Total Manufacturing Cost Case A B C DE E Prime Cost 6,950 11,660 Conversion Cost 11,580 7,970 20,510 Direct Materials $ 2,010 $ 2,120 1,410 3,340 Direct Labor Manufacturing Overhead 1,020 $ 3,140 2,030 3,620 6,750 2,900 9,380 5,990
Compute conversion costs given the following data: direct materials, $354,200; direct labor, $207,800; factory overhead, $193,000 expenses, $45,200. Oa. $755,000 Ob. $147,800 Oc. $400,800 Od. $547,200
In the manufacture of 9,800 units of a product, direct materials cost incurred was $175,200, direct labor cost incurred was $112,900, and applied factory overhead was $45,600. What is the total conversion cost? a.$158,500 b.$175,200 c.$333,700 d.$45,600