4. KLM company's direct cost and overhead details given below in August 2022. Cost accountingdepartment distributes to rent to departments on the basis of floor area in sq. and allocates servicedepartment cost to manufacturing departments based on total area of department A and B4CostsDirect MaterialDirect CostsRentDistribution BaseFloor Area m2Total$ 500 000$ 280 000$70 0001400ManufacturingA260 000150 000720DepartmentsB240 000130 000480Required:110s fooda. Distribute depreciation to departmentsb. Allocate service department cost to manufacturing departments.c. Calculate total costs of manufacturing departmentsd. Assume Department A produced 5 000 units Product ADepartment B produced 7 000 units Product BCalculates unit cost of product A and product BSEASONService DepartmentsC200

Lets understand the basics. Overhead is a cost which can not be alloted to specific product so it…

4. KLM company's direct cost and overhead details given below in August 2022. Cost accounting departiment distributes to rent to departments on the basis of floor area in sq. and allocates service department cost to manufacturing departments based on total area of department A and B Costs Direct Material Direct Costs Rent Distribution Base Floor Area m2 afric Total $ 500 000 $ 280 000 $70 000 1400 Manufacturing Ak 260 000 150 000 720 Departments Service Departments B 240 000 130 000 480 C 200

4. KLM company's direct cost and overhead details given below in August 2022. Cost accounting departiment distributes to rent to departments on the basis of floor area in sq. and allocates service department cost to manufacturing departments based on total area of department A and B Costs Direct Material Direct Costs Rent Distribution Base Floor Area m2 afric Total $ 500 000 $ 280 000 $70 000 1400 Manufacturing Ak 260 000 150 000 720 Departments Service Departments B 240 000 130 000 480 C 200

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 8P: Journalizing the distribution of service department costs to production departments Required: Using...

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The following information pertaining to X Co.'s manufacturing operations: Inventories March 1, 2021 March 31, 2021 Direct Materials P36,000 P30,000 Work in process 18,000 12,000 Finished Goods 54,000 72,000 Additional information for the month of March 2021: Direct materials purchased P84,000 Direct manufacturing labor payroll 60,000 Direct manufacturing labor rate per hour 7.50 Factory overhead rate per direct labor hour 10.00
Manufacturing Overhead Distribution Worksheet The following are selected operating data for the production and service departments of Bluestone Compa Departments Service Production Overhead costs (identified by department) $50.000 $1.032.000 $65,168 $2478.000 4.000 Indirect material S96.800 S164A00 Indirect labor $194400 $2.000 24.000 Square feet of building floor space used Assessed value of equipment used 9.600 14.400 $252.000 5420.000 264000 $.00 $126 000 176.000 Cubic yards of factory space used 400.600 102.400 Machine hours $40.000 s00.000 Direct labor O is allocated on the basis of square feet of floor space. Personal property taxes of $72,000 are allocated on the sbution worksheet for Bluestone Company similar to the one prepared for Exhibit 3-1s when appropriate Under the Allocation Basis column, select the basis used to calculate each alocation
NOT GRADED NEED HELP WITH STEP BY STEP INSTRUCTIONS TO COMPLETE HW from BOOK Manufacturing Overhead Distribution Worksheet The following are selected operating data for the production and service departments of Bluestone Company for 2016. Departments Service Production 1 2 1 2 Overhead costs (identified by department) Indirect material $96,800 $164,400 $50,880 $1,032,000 Indirect labor $194,400 $288,000 $65,168 $2,878,000 Square feet of building floor space used 9,600 14,400 24,000 48,000 Assessed value of equipment used $42,000 $126,000 $252,000 $420,000 Cubic yards of factory space used 176,000 264,000 Machine hours 102,400 409,600 Direct labor $40,000 $800,000 Building depreciation of $192,000 is allocated on the basis of square feet of floor space. Personal property taxes of $72,000 are allocated on the basis of assessed values of equipment used. Costs for service departments 1 and 2…
Please refer to the pictures for info and questions 1 and 2. See below for question 3 format. Department Departmental Overhead Rate Standard Deluxe Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals $0 $0
The following information relates to company XYZ.Manufacturing overheads: BWPLighting & Heating 8 000Administration employees 70 000Employee accident insurance 1 200Plant and Equipment Insurance 70 000Plant and Equipment maintenance & repairs (minor) 20 000Plant and Equipment maitenance & repairs (major) 200 000Rent 25 000 Allocation by department Department A Department B TotalArea occupied (sqm2) 1 200 2300 3 500Depreciation 20 000 40 000 60…
The following information relates to company XYZ.Manufacturing overheads: BWPLighting & Heating 8 000Administration employees 70 000Employee accident insurance 1 200Plant and Equipment Insurance 70 000Plant and Equipment maintenance & repairs (minor) 20 000Plant and Equipment maitenance & repairs (major) 200 000Rent 25 000 Allocation by department Department A Department B TotalArea occupied (sqm2) 1 200 2300 3 500Depreciation 20 000 40 000 60…
ator=&inpr... 18 R Print Item Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Glaser Company estimated the following: Assembly Testing Department Department Total Overhead $364,000 $371,280 $735,280 Direct labor hours 157,500 118,125 275,625 Machine hours 50,500 54,540 105,040 Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, overhead is applied on the basis of machine hours. Actual data for the month of March are as follows: Assembly Testing Department Department Total Overhead $43,680 $44,554 $88,234 Direct labor hours 18,900 14,175 33,075 Machine hours 6,060 6,545 12,605 Required: 1. Calculate the predetermined overhead rates for the assembly and testing departments. Round your answers to the nearest cent. Assembly department overhead rate per direct labor hour Testing department overhead rate per machine hour Check My Work 4…
Problem#5 Oitawa Manufacturing uses a normal cost system and had the following data available for 2022: Direct materials purchased on account Direct materials used Direct labor cost incurred Factory overhead incurred Cost of goods completed Cost of goods sold Beginning direct materials inventory Beginning WIP inventory P 74,000 41,000 65,000 73,000 146,000 128,000 13,000 32,000 29,000 Beginning finished goods inventory Overhead application rate, as a percent of direct-labor costs 125 percent A. The ending balance of work-in-process inventory is: B. How much is the over or underapplied overhead? C. How much is the adjusted Cost of Goods Sold assuming that over or underapplication is disposed in COGS?
Question Content Area Compute conversion costs given the following data: direct materials, $376,200; direct labor, $200,400; factory overhead, $179,400 and selling expenses, $48,400. a. $555,600 b. $131,000 c. $756,000 d. $379,800
The following information was gathered for the Greensprings Corporation for the most recent year. Manufacturing overhead is allocated using machine hours, Actual machine hours Allocated manufacturing overhead. Estimated manufacturing overhead costs Actual manufacturing overhead costs By how much is manufacturing overhead over or underallocated? A. $82,000 overallocated B. $82,000 underallocated OC. $8,000 underallocated OD. $8,000 overallocated 139,000 $1,130,000 $1,056,000 $1,138,000
1 Manufacturing Overhead Distribution Worksheet The following are selected operating data for 2 the production and service departments of Bluestone Company for 2019 3 Departments Service Production 4 1 2 1 2 6 Overhead costs (identified by department) $ 48,400 82,200 25,440 516,000 32,584 $1,439,000 Indirect materials 7 $97,200 $144,000 Indirect labor 8 7,200 9 Square feet of building floor space used 10 Assessed value of equipment used 11 Cubic yards of factory space used 4,800 24,000 12,000 $ 21,000 63,000 126,000 210,000 88,000 132,000 12
NOT GradedPlease explain with formulas Manufacturing Overhead Distribution Worksheet The following are selected operating data for the production and service departments of Bluestone Company for 2016. Departments Service Production 1 2 1 2 Overhead costs (identified by department) Indirect material $96,800 $164,400 $50,880 $1,032,000 Indirect labor $194,400 $288,000 $65,168 $2,878,000 Square feet of building floor space used 9,600 14,400 24,000 48,000 Assessed value of equipment used $42,000 $126,000 $252,000 $420,000 Cubic yards of factory space used 176,000 264,000 Machine hours 102,400 409,600 Direct labor $40,000 $800,000 Building depreciation of $192,000 is allocated on the basis of square feet of floor space. Personal property taxes of $72,000 are allocated on the basis of assessed values of equipment used. Costs for service departments 1 and 2 are allocated to production departments…