SubmitUOJPBY781 Corp.s manufacturing overhead for the year was estimated to be $783,200 at the begining of the year.O Quiz ToolsAt the end of the year, UOJPBY781's actual direct labor-hours for the year were 36,260 hours.(ID#65031)UOJPBY781's actual manufacturing overhead for the year was $760,000.100%UOJPBY781's manufacturing overhead for the year was overapplied by $37,720.CollapseQ.) If UOJPBY781's predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year usedin the predetermined overhead rate must have been: (Round your intermediate calculations to 2 decimal places.)Multiple Choice32,831 direct labor-hours36,260 direct labor-hours35,600 direct labor-hours< Prev9 of 25Next >MacBook Air...

Applied manufacturing overhead Actual manufacturing overhead + Manufacturing overhead overapplied…

Answered: e estimated direct labor-hours at the…

Business

Accounting

e estimated direct labor-hours at the beginning of the year

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please do not give salutations in image format thankuh
Job XXX required 260 direct labour hours of which 220 hours were incurred during the current accounting period. The predetermined overhead cost rate is £7.50 per direct labour hour. How much overhead should be applied to Job XXX during the current accounting period? a. £1,650 b. £366 c. £1,950 d. £915
E COST ACCOUNTING AND CONT x + To * pook i forms.office.com/Pages/ResponsePage.aspx?id=cYWpTercOUIPsQvdXclp-WXyu19p0dpljDbGCXgjKqpUMKISRjcOSUUyWkgwUERKSzczT0tETUhGQi4u&fbclid. ☆ 49 Determine the costs of jobs completed in January. January 1, there were two jobs in process at the Fortune Manufacturing Company. Details of the jobs are: Job No. Direct Materials Direct Labor A-9 A-10 P 34,800 6,400 P12,800 16,800 Materials inventory at January 1 totaled P 184,000 and P 23,200 in materials were purchased during the month. A requisition for P16,00 in supplies was filled. On January 1, finished goods inventory consisted of two Jobs: Job No. A-7 costing P78,400 and Job No. 8 with a cost of P31,600. Both these Jobs were sold during the month. Also during January, Job Nos. A-9 and A-10 were completed. Completing Job No, A-9 required additional P13,600 in direct labor and P6,000 in direct materials. The completion costs for Job No. A-10 included P21,600 in direct materials and P 40,000 in direct…
Predetermined Overhead Rate Calculation: Estimated Annual Overhead: $720,000 Estimated Annual Direct Labor Hours: 24,000 Predetermined Overhead Rate: [To be calculated] Overhead Applied to Jobs during the Period: Overhead Applied: [To be calculated] Total Cost of Jobs 102 and 103 at the End of the Period: Job 102: [To be calculated] Job 103: [To be calculated] Cost of Jobs on the Balance Sheet: Job 102: [Specify location on the balance sheet] Job 103: [Specify location on the balance sheet] Journal Entries in the 'T' Accounts (Ledger Accounts Tab): [List the journal entries and their corresponding accounts] Ending Balances in All Accounts (Ledger Accounts Tab): [List the ending balances of each account] Over- or Underapplied Overhead Calculation (Ledger Accounts Tab): Over- or Underapplied Overhead: [To be calculated] Journal Entry to Dispose of Overhead Balance (Ledger Accounts Tab): [Provide the journal entry to dispose of the overhead balance]…
CompanyDept. ADept. Predutermined overhead rate per dkect labor hour$2.10 Direct lebor hours hours worked on Job ABC $2.40 SB0 22 40 18 Bnsed on this information, the overhead ppiled to Job ABC using mutiple predetermined overhend retes iss
QUESTION 11 O'Hare Company is a manufacturing firm that uses a job-order cost system to determine the costs of its products. O'Hare Company counted the production supplies on hand at year-end and determined that the amount used was $125. The recognition of this event on the financial statements would include an increase to which of the following accounts? Supply expense. Work in process. Finished goods. Manufacturing overhead.
A production cost report shows the cost of a specific job manufactured in the reporting period. True or False True False
18. Director's remuneration and expenses is part of ________ a. Distribution overhead b. Production overhead c. Selling overhead d. Administration overhead
Entry for factory labor costsA summary of the time tickets for the current month follows Job No. Amount Amount 100 $ 3,500 101 6,650 104 21,900 108 14,440 Indirect $ 9,100 111 8,620 115 2,760 117 18,550 Journalize the entry to record the factory labor costs.
compute the total manufacturing cost assigned to jobs in january in each department Pharoah Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2025, the following estimates were made for the year. Department D E K Manufacturing overhead $1,012,500 $1,462,500 $810,000 Direct labor costs $1,350,000 $1,125,000 $405,000 Direct labor hours 90,000 112,500 36.000 Machine hours 360,000 450,000 108,000 The following information pertains to January 2025 for each manufacturing department. Department D E K Direct materials used. $126.000 $113,400 $70,200 Direct labor costs $108,000 $99,000 $33,750 Manufacturing overhead incurred $89,100 $111,600 $71.100 Direct labor hours 7,200 9,900 3,150 Machine hours 30,600 40,500 9,360
explain why the factory overhead balance must be disposed of at year end?
Prepare a schedule of cost of goods manufactured for the year ended June 30, 2021, clearly showingtotal manufacturing cost & total manufacturing costs to account for.