15 16 A. 17 18 c D EMPLOYEES: (one each) Supervisor Measurer fuses the pencil and ruler Cutter (uses the scissors) Assembler (uses the glue) The following production estimates were made for the coming year: Total quilts to be produced 20,000 2,000 Total manufacturing hours available per laborer Total direct laborers Total direct labor hours 6,000 The following cost estimates were available at the beginning of the year 22 Use these estimates to determine total estimated manufacturing overhead during the year: 23 Amount Estimate for Year $ 1,000 $ $2,000.00 Production supervisor's salary per week fuse 52 weeks in a year) Monthly rent 676 8.112.00 Utilities expense per quarter 676 2,704.00 Cost per pencil (useful life of each pencil is 20 hours) 2 200.00 119 2,975.00 Cost per scissors (useful life of each pair of scissors is 80 hours) Cost per ruler (usefule life of each ruler is 50 hours) 62 2,480.00 Cost of glue (per quilt) 0.62 12,400.00 Total Estimated Manufacturing Overhead $ 80.871.00 Calculate the predetermined Overhead (PDOH) rate using direct labor hours (DLH) as the cost driver during the year to allocate manufacturing overhead to jobs and Work In Process Inventory: POOH-5 Complete the following job cost sheet for the WVU themed quilts Job Cost Sheet Direct Materials Sheets Cost per Sheet 16 $ || 29 || 24 — Hours Rate per Hr. 0.40 $ 0.40 0.40 1.20 13.48 Answer the following questions: ▶ Instructions 19 20 21 62 0. Ready White material Blue material Yellow material Measuring labo Cutting labor Assembly labor Total Manufacturing Overhead $ Total Job Cost Number of Quilts Made Cost per Quilt + Direct Labor E Predetermined CH Rate AM4 Project F G H Total 2.00 $ 32.00 4.00 116.00 4.00 96.00 $ 244.00 Total 14.00 $ 5.60 12.00 4.80 16.00 6.40 $ 16.80 DUI Used Total L M N MANUFACTURING SIMULATION: WVU Bookstore Special Order (Actual results) Sheets of material used Number of quits made White Yellow: Blue: #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 13.48 per DU 15 #N/A 0 #N/A #N/A #N/A #N/A #N/A QR $ T U V W X Y Z AAABACACACAFAG AH AI AJ 用 D AK AL AM AN 75% A

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question

I need help with the empy yellow boxes in c please

AutoSave OFF
Home Insert
X
Paste
J47
A
D 2 - C
Draw Page Layout
Calibri (Body)
V
10
B
I
U
B
Formulas Data
Α' Α΄
V
A.
V
F
Direct Labor
V
fx
C
D
3
4
5
EMPLOYEES: (one each)
Supervisor
Measurer
(uses the pencil and ruler)
Cutter
(uses the scissors)
9
Assembler
(uses the glue)
10
11
12
13
14
15
16 A.
The following production estimates were made for the coming year:
17
Total quilts to be produced
20,000
18
Total manufacturing hours available per laborer
2,000
19
Total direct laborers
3
20
Total direct labor hours
6,000
21
The following cost estimates were available at the beginning of the year.
22
Use these estimates to determine total estimated manufacturing overhead during the year:
23
Amount Estimate for Year
24
$ 1,000 $
52,000.00
Production supervisor's salary per week (use 52 weeks in a year)
Monthly rent
25
676
8,112.00
26
Utilities expense per quarter
676
2,704.00
27
Cost per pencil (useful life of each pencil is 20 hours)
2
200.00
28
119
2,975.00
Cost per scissors (useful life of each pair of scissors is 80 hours)
Cost per ruler (usefule life of each ruler is 50 hours)
29
62
2,480.00
30
Cost of glue (per quilt)
0.62
12,400.00
31
Total Estimated Manufacturing Overhead
$
80,871.00
32
33 B.
Calculate the Predetermined Overhead (PDOH) rate using direct labor hours (DLH) as the cost driver during the year to allocate manufacturing
overhead to jobs and Work In Process Inventory:
34
35
PDOH= $
36
37 C.
Complete the following job cost sheet for the WVU themed quilts:
38
Job Cost Sheet
39
Direct Materials
40
Sheets
Cost per Sheet
Total
41
White material
16
$
2.00 $ 32.00
42
Blue material
29
4.00
116.00
96.00
43
Yellow material
24
4.00
44
$ 244.00
45
46
47
Hours Rate per Hr.
Total
48
Measuring labor
0.40 $
14.00 $ 5.60
49
0.40
12.00
4.80
50
Cutting labor
Assembly labor
Total
0.40
16.00
6.40
51
1.20
Ś 16.80
52
53
Manufacturing Overhead
54
Total
55
$
13.48
56
57
Total Job Cost
58
Number of Quilts Made
Cost per Quilt
59
60
61
62 D.
Answer the following questions:
63
If you decide to charge the bookstore cast plue 10% for the quilte the calling n ce for one quilt is:
Instructions
M4 Project
Ready
E
Predetermined OH Rate
G
Review
H
DLH Used
ab
View
ab
Wrap Text v
Merge & Center ✓
K
L
M
WVU Bookstore Special Order (Actual results)
Number of quilts made:
16
24
29
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
MANUFACTURING SIMULATION:
Sheets of material used:
White:
Yellow:
Blue:
Tell me
13.48 per DLH
M4 P (4)
General
$
N
#N/A
15
V
% 9
O
#N/A
#N/A
#N/A
#N/A
#N/A
P
.00
✈0
Q
V
Conditional Format
Formatting as Table
R
S
T
Cell
Styles
U
Insert
Delete
V W X Y Z AAABACADAEAFAG AH
88
Σ
↓
Format
AI
B
1.1.9
AJ
>
I
Share
Or
Find &
Sort &
Filter Select
AK
AL
AM
Comments
Analyze
Data
AN
75%
AO
Transcribed Image Text:AutoSave OFF Home Insert X Paste J47 A D 2 - C Draw Page Layout Calibri (Body) V 10 B I U B Formulas Data Α' Α΄ V A. V F Direct Labor V fx C D 3 4 5 EMPLOYEES: (one each) Supervisor Measurer (uses the pencil and ruler) Cutter (uses the scissors) 9 Assembler (uses the glue) 10 11 12 13 14 15 16 A. The following production estimates were made for the coming year: 17 Total quilts to be produced 20,000 18 Total manufacturing hours available per laborer 2,000 19 Total direct laborers 3 20 Total direct labor hours 6,000 21 The following cost estimates were available at the beginning of the year. 22 Use these estimates to determine total estimated manufacturing overhead during the year: 23 Amount Estimate for Year 24 $ 1,000 $ 52,000.00 Production supervisor's salary per week (use 52 weeks in a year) Monthly rent 25 676 8,112.00 26 Utilities expense per quarter 676 2,704.00 27 Cost per pencil (useful life of each pencil is 20 hours) 2 200.00 28 119 2,975.00 Cost per scissors (useful life of each pair of scissors is 80 hours) Cost per ruler (usefule life of each ruler is 50 hours) 29 62 2,480.00 30 Cost of glue (per quilt) 0.62 12,400.00 31 Total Estimated Manufacturing Overhead $ 80,871.00 32 33 B. Calculate the Predetermined Overhead (PDOH) rate using direct labor hours (DLH) as the cost driver during the year to allocate manufacturing overhead to jobs and Work In Process Inventory: 34 35 PDOH= $ 36 37 C. Complete the following job cost sheet for the WVU themed quilts: 38 Job Cost Sheet 39 Direct Materials 40 Sheets Cost per Sheet Total 41 White material 16 $ 2.00 $ 32.00 42 Blue material 29 4.00 116.00 96.00 43 Yellow material 24 4.00 44 $ 244.00 45 46 47 Hours Rate per Hr. Total 48 Measuring labor 0.40 $ 14.00 $ 5.60 49 0.40 12.00 4.80 50 Cutting labor Assembly labor Total 0.40 16.00 6.40 51 1.20 Ś 16.80 52 53 Manufacturing Overhead 54 Total 55 $ 13.48 56 57 Total Job Cost 58 Number of Quilts Made Cost per Quilt 59 60 61 62 D. Answer the following questions: 63 If you decide to charge the bookstore cast plue 10% for the quilte the calling n ce for one quilt is: Instructions M4 Project Ready E Predetermined OH Rate G Review H DLH Used ab View ab Wrap Text v Merge & Center ✓ K L M WVU Bookstore Special Order (Actual results) Number of quilts made: 16 24 29 #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A MANUFACTURING SIMULATION: Sheets of material used: White: Yellow: Blue: Tell me 13.48 per DLH M4 P (4) General $ N #N/A 15 V % 9 O #N/A #N/A #N/A #N/A #N/A P .00 ✈0 Q V Conditional Format Formatting as Table R S T Cell Styles U Insert Delete V W X Y Z AAABACADAEAFAG AH 88 Σ ↓ Format AI B 1.1.9 AJ > I Share Or Find & Sort & Filter Select AK AL AM Comments Analyze Data AN 75% AO
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education