Flat Water Boating Company produces standup paddleboards. The company uses a job order costing system. During the period, the company incurred the following costs to complete job #322: direct materials, $52,000 and direct labor, $37,000. The company also incurred $14,000 of administrative costs and $8,000 of selling costs to complete this job. Job #322 required 1,600 machine hours. Factory overhead was applied to the job at a rate of $25 per machine hour. If job #322 resulted in 150 paddleboards, what was the Cost of Goods Sold per paddleboard?

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs based on machine-hours. At the beginning of the year, the company used a cost formula to estimate $4,354,800 in manufacturing overhead cost at an activity level of 573,000 machine-hours. The company spent the month of January working on a large order for 12,100 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: a. Raw materials purchased on account, $318,000. b. Raw materials used in production, $259,000 (80% direct materials and 20% indirect materials). c. Labor cost accrued in the factory, $168,000 (one-third direct labor and two-thirds indirect labor). d. Depreciation recorded on factory equipment, $62,400. e. Other manufacturing overhead costs incurred on account, $84,300. f. Manufacturing overhead cost was applied to production on the basis of…

Adams Co. uses a job order costing system. The following information is available from its records. The company has 3 jobs in process: #13, #16 and #20. Raw material used $900,000, direct labour rate per hour $8.50 and overhead is applied based on direct labour cost 120%. Direct material was requisitioned as follows for each job: 30%, 25% and 25%; the balance of the requisitions was considered indirect. Direct labour hours per job are 18,750; 23,250 and 31,500 respectively. Indirect labour is $247,500. Other actual overhead costs totalled $270,000. What is the total amount of overhead applied to Job #16, Job #13 and Job#20 ?

XYZ Inc. has a job order costing system and an overhead application rate of 125% of direct labour cost. Job 51 is charged with direct material of $11,000 and overhead of $5,200. Job 52 has direct material of $3,000 and direct labour costs of $6,500. What is the amount of direct labour charged to Job 51?

Royal Furniture Co. 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 total estimated manufacturing overhead cost of $720,000 and 30,000 machine-hours. The job sheet of Job F2412 shows that the number of units produced in this job order is 40 units. This job required 240 machine-hours and incurred direct materials cost of $350 and direct labor costs of $1,250. The unit product cost for Job F2412 is approximately: a. $184 b. $46 C. $960 d. $64 e. None of the given answers.

Muneer Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for Rs. 510,000 and credited for Rs. 480,000. The ending balance in the Finished Goods inventory account was Rs. 44,400. At the end of the year, manufacturing overhead was overapplied by Rs. 25,900.   If the applied manufacturing overhead was Rs. 199,700.   Calculate the actual manufacturing overhead cost for the year?

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine- hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,158,800 in manufacturing overhead cost at an activity level of 562,000 machine-hours. The company spent the entire month of January working on a large order for 12,500 custom- made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: a. Raw materials purchased on account, $319,000. b. Raw materials used in production, $267,000 (80% direct materials and 20% indirect materials). c. Labor cost accrued in the factory, $162,000 (one-third direct labor and two-thirds indirect labor). d. Depreciation recorded on factory equipment, $63,100. e. Other manufacturing overhead costs incurred on account, $84,300. f. Manufacturing overhead cost was…

Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: Direct materials                                        $16,000 Direct labor                                               $20,000 Rent on factory building                          $25,000 Sales salaries                                             $25,000 Depreciation on factory equipment       $8,000 Indirect labor                                            $16,000 Production supervisor's salary                $35,000 Jameson estimates that 25,000 direct labor-hours will be worked during the year. The predetermined overhead rate per hour will be: Group of answer choices 3.36 4.00 5.45 6.45