The ovehead overahocated fer Al Jaber Company in 5300.000. Ovehead s alocated under the nomal costing mehod using direct labour hours You are provided with the ing data tor the fancial year 2 Account Diastabou haua Balance bafoce adustmant Wekin proce 20.000 $4.500.000 Feished goode 30.000 $6.600.000 Cost of good sol 15,000 $3.400.000 Requred
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- services SQU Libraries SQU Portal Attendance English (en O b. OMR605 O c. OMR545 O d. OMR635 O e. OMR575 XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of product; Direct labor costs OMR5 per direct labor hour; Predetermined overhead rate OMR10 per direct labor hour. The cost of a job for 550 units of product XY, which uses a total of 100 direct labor hours, is: Select one: Oa. OMR5,400 Ob. OMR3,300 Oc. OMR3,150 Od. None of the answers given e. OMR9,900 Total manutacturing costs assioned inclucted 10 units heom ofs tota manaParticularsAmountDirect materialR12Direct laborR50Variable manufacturing overheadR6.50Fixed manufacturing overhead (R81,000/2,550 units)R31.76Unit product cost for the month under absorption costingR100.26 Prepare an income statement for the month using the Marginal costing methodservices 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
- If the prime cost 70 700 ID ,- 2 manufacturing overhead 12 00O ID, beginning work inproces inventory 4 000 ID ,ending work inproces inventory 6 0O ID ,the cost of goods * . (.. .). manufactured areThe ollowing information was taken trom the o Atemoon Co Accounts payabe Raw materials Work in process Finished goods 29.000 5,000 20,000 45.000 6000 27000 23,000 Aditinal information . Aftemoon Co paid P20000 for accounts payable deductions of P2500 for purchase retums and P purchase discounts Afternoon Co. paid total freight of PI,000 on the purchas • The costs of direct labor and tactory overhead during t period were P16.000 and P6000, respectively. • Sales from Jan 1 to June 30 were P75000, sales retum e PIS,000, and sales discounts were P5,000. • The gross profit rate hased on cost is 33 1/3%. How much is the finished goods ending inventory! b. 32,000 A 29,000 c.33,600e R Company has the following production information available for June: Total materials costs Equivalent units of materials Total conversion costs Equivalent units of conversion costs What is the total manufacturing cost per unit? O a. $14.00 O b. $6.00 O c. $6.67 O d. $8.00 ment 3-Group Assignment on Job here to search O $ 80,000 10,000 $120,000 20,000 II O 6 Accianmont 4. Final
- Saved The following date Is for a company that uses a job-order costing system: Estimated direct labor hours Estimated manufacturing overhead costs Actual direct labor hours Actual manufacturing overhead costs 12,000 $39,000 11,000 S37,000 Overhead Is applied based on direct labor-hours. What Is the predetermined overhead rate? Multiple Cholce $3.08 per direct labor-hour $3.25 per direct labor-hour $3.36 per direct labor-hour $3.55 per direct labor-hourLeafon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine hours and the Customizing Department's predetermined overhead rate is based on direct labor hours. At the beginning of the current year, the company had made the following estimates: Customizing Casting Machine-hours (MH) 20,000 17,500 Direct labor-hours (DLH) 7,000 9,000 Total Fixed MOH ℗ 175,000 P 165,500 Variable MOH per MH P 2.50 Variable MOH per DLH P 9.00 During the current month, the company started and finished Job Leaf-118. The following data were recorded for this job: Job Leaf-118 Customizing Casting Machine-hours 500 700 Direct labor-hours 100 450 The TOTAL AMOUNT of Overhead Applied to Job Leaf-118 is closest to Note: For interim calculations, use 5 decimal places; ROUND-UP final answer to a whole number.Overheads cost analysisRProduction 4 400 000Materials handling 1 000 000Set-up 1 050 000Quality control 1 900 000Materials procurement 400 000Cost driver analysisCost drivers Product A Product B TotalDirect labour hours 320 000 180 000 500 000Number of set-ups 420 280 700Materials movements 700 300 1 000Number of orders 1 300 700 2 000Number of inspections 1 140 760 1 900 Annual outputProduct A 200 000 unitsProduct B 100 000 units Use the information provided below to calculate the overhead cost per product using the followingcosting systems: Traditional Absorption Costing, using direct labour hours as the basis for allocation.…
- Production and sales volume Selling price lity is yzed as follows: Direct material Direct labour Manufacturing overhead Gross profit Selling and administrative Operating profit a. b. C. d. Activity Supervision Inspection T-SHIRTS 60,000 units £16.00 Lion Pride's managers have decided to revise their current assignment of overhead costs to reflect the following ABC cost information: Activity cost £100,920 £124,000 £ 2.00 £4.50 £ 2.00 £ 7.50 £4.00 £ 3.50 T-SHIRTS 0.75 DLH/unit 45,000 DLHS 60,000 inspections SWEATSHIRTS 35,000 units £29.00 Activities demanded £5,00 £7.20 £3.00 £13.80 £ 7.00 £ 6.80 Activity-cost driver Direct labour hours (DLH) Inspections SWEATSHIRTS 1.2 DLH/unit 42,000 DLHS 17,500 inspections Under the revised ABC system, total overhead costs allocated to Sweatshirts will be £ 48,720. £ 76,720. £224,920. none of the above.keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false E Print Item Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): Standard Standard Standard %3D Quantity Price Cost Direct materials 3 pounds $4.50 per pound $13.50 Direct labor 2.00 hours 12.00 per hour 24.00 Total cost $37.50 Sitka Industries made 3,100 ladders in July and used 9,200 pounds of material to make these units. Sitka Industries bought 15,600 pounds of material in the curr period. There was a $300 unfavorable direct materials price variance. Enter all amounts as positive numbers. A. How much in total did Sitka pay for the 15,600 pounds? Amount paid B. What is the direct materials quantity variance? Direct materials quantity variance $ C. What is the total direct materials cost variance? Total direct materials cost variance $ D. What if 9,800 pounds were used to make these…Product Cost Flows Complete the following T-accounts: Materials Inventory 1,120 Answer Answer 18,120 250 Wages Payable 9,000 1,050 Finished Goods Inventory 1,500 Answer Answer 1,200 Manufactured Overhead 175 Answer Answer 18,000 4,500 0 Work in Process Inventory 3,500 Answer Answer 9,000 Answer 500 Cost of Goods Sold Answer Save AnswersNext