Cycle-up manufactures reusable bags. Cycle-up allocates manufacturing overhead based on direct labor hours. Cycle-up expects to use 20,000 direct labor hours for the year and 10,000 machine hours. Total manufacturing overhead costs are estimated to be $400,000. Job 555 used 22 direct labor hours and 10 machine hours. How much manufacturing overhead should be allocated to job 555? (Do not put dollar sign in the answer for this submission )

Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. A. Wood used to produce desks ($125.00 per desk) B. Production labor used to produce desks ($15 per hour) C. Production supervisor salary ($45,000 per year) D. Depreciation on factory equipment ($60,000 per year) E. Selling and administrative expenses ($45,000 per year) F. Rent on corporate office ($44,000 per year) G. Nails, glue, and other materials required to produce desks (varies per desk) H. Utilities expenses for production facility I. Sales staff commission (5% of gross sales)

Isaacson's Fine Furnishings manufactures upscale custom furniture. Isaacson's currently uses a plantwide overhead rate based on direct labor hours to allocate its $1,170,000 of manufacturing overhead to individual jobs.​ However, Delores Johnson​, owner and​ CEO, is considering refining the​ company's costing system by using departmental overhead rates.​ Currently, the Machining Department incurs $735,000 of manufacturing overhead while the Finishing Department incurs $435,000 of manufacturing overhead. Johnson has identified machine hours​ (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor​ (DL) hours as the primary cost driver in the Finishing Department. 1. Compute the plantwide overhead rate assuming that Isaacson's expects to incur 26,000 total DL hours during the year 2. Compute departmental overhead rates assuming that Isaacson's expects to incur 15,000 MH in the Machining Department and 17,400 DL hours in the…

Roger Company produces pipes for concert-quality organs. Each job is unique. In April 2019, it completed all outstanding orders, and then, in May 2019, it worked on only two jobs, M1 and M2: (Click the icon to view the job information.) Direct manufacturing labor is paid at the rate of $25per hour. Manufacturing overhead costs are allocated at a budgeted rate of $16per direct manufacturing labor-hour. Only Job M1 was completed in May. Read the requirements. Requirement 1. Compute the total cost for Job M1. Job Costs May 2019 Total costs Job M1 ... Data table Roger Company, May 2019 Direct materials Direct manufacturing labor Print Job M1 $70,000 275,000 209,000 Job M2 $ 54,000 Done - X

Anton believes his company's overhead costs are driven (affected) by the number of machine hours because the production process is heavily automated. During the period, the company produced 3,000 units of Product A requiring a total of 100 machine hours and 2,000 units of Product B requiring a total of 25 machine hours. What allocation rate should be used if the company incurs overhead costs of $10,000?

Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $1,368,000 of total manufacturing overhead for an estimated activity level of 72,000 machine-hours.   During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company’s warehouse. The company’s cost records revealed the following actual cost and operating data for the year:   Machine-hours 61,000 Manufacturing overhead cost $ 1,324,000 Inventories at year-end:   Raw materials $ 16,000 Work in process (includes overhead applied of $115,900) $ 188,000 Finished goods (includes overhead applied of $208,620) $ 338,400 Cost of goods sold (includes overhead applied of $834,480) $ 1,353,600   Required: 1. Compute the underapplied or…

Vikram

Haver Company currently pays an outside supplier $15 per unit for a part for one of its products. Haver is considering two alternative methods of making the part. Method 1 for making the part would require direct materials of $5 per unit, direct labor of $8 per unit, and ncremental overhead of $3 per unit. Method 2 for making the part would require direct materials of $5 per unit, direct labor of $2 per unit, and incremental overhead of $7 per unit. Required: 1. Compute the cost per unit for each alternative method of making the part. 2. Should Haver make or buy the part? If Haver makes the part, which production method should it use? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost per unit for each alternative method of making the part. Make with Method Make with 1 Method 2 Cost per unit Cost per unit Required t Buy Required 2 >

Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $1,368,000 of total manufacturing overhead for an estimated activity level of 72,000 machine-hours.   During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company’s warehouse. The company’s cost records revealed the following actual cost and operating data for the year:   Machine-hours 61,000 Manufacturing overhead cost $ 1,324,000 Inventories at year-end:   Raw materials $ 16,000 Work in process (includes overhead applied of $115,900) $ 188,000 Finished goods (includes overhead applied of $208,620) $ 338,400 Cost of goods sold (includes overhead applied of $834,480) $ 1,353,600   Required: 1. Compute the underapplied or…

Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $1,068,000 of total manufacturing overhead for an estimated activity level of 89,000 machine-hours. During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year: Machine-hours Manufacturing overhead cost Inventories at year-end: Raw materials Work in process (includes overhead applied of $44,400) Finished goods (includes overhead applied of $150,960) Cost of goods sold (includes overhead applied of $692,640) Required: 1. Compute the predetermined overhead rate used by the company during the year. 2. Is Manufacturing Overhead…