Answer: 2. Multiple Choice Question 55 Vaughn Company assigns overhead based on machine hours. The Milling Department logs 2390 machine hours and Cutting Department shows 3990 machine hours for the period. If the overhead rate is $6 per machine hour, the entry to assign overhead will show a credit to Manufacturing Overhead for $38280. a. debit to Work in Process for $23940, b. debit to Manufacturing Overhead for $38280. C. credit to Work in Process-Cutting Department for $23940. d. D Answer: 3. Exercise 16-13 The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 14,800 units, 1/10 complete Materials $18,300 Units transferred out 55,400 Conversion costs 15,160 $33,460 Units started 50,900 Materials 230,046 Ending work in process 10,300 units, 1/5 complete Labor 67,200 Overhead 89,445 * Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.), HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2017. Equivalent Units 000 F4 F3 F5 F6 F7 F8 $ % & %24

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ll. Subject : - Accounting

TB MC Qu. 2-130 Lupo Corporation uses a Job-order .. Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Ded Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 30,000 $252,000 2.10 Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials 10 30 $675 $1,050 Direct labor cost The estimated total manufacturing overhead is closest to: Multiple Cholce $315,000 S252.000 Mc. Graw Hill 10:53 AM 66°F Mostly cloudy O Type here to search 10/20/2021 21 DELL Delete PgUp PgDn Home F10 F11 F12 PrtScr Insert F7 F8 F9 F2 F3 F4 F5 F6

6. Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows:   Factory 1 Factory 2 Estimated factory overhead cost for fiscal         year beginning March 1 $943,360   $686,700   Estimated direct labor hours for year   10,900   Estimated machine hours for year 21,440     Actual factory overhead costs for March $75,320   $59,270   Actual direct labor hours for March   980   Actual machine hours for March 1,670

eBook Show Me How E Print Item Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead rate for each activity. Round your answers to two decimal places. Overhead Overhead Annual Rate per Activity per Activity Usage Activity Machine Setups $162,750 4,200 Machine Hours 381,051 14,113 Inspections 110,550 3,300

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