Provide solution of the question Here are selected basic data for Wilson Company:Estimated manufacturing$243,750 Factory utilities$30,900overheadEstimated labor hours35,000Indirect labor$22,600Actual direct labor hoursEstimated direct labor costActual direct labor cost36,000Sales commissions$54,600$325,000 Factory rent$47,800$320,000 Factory property$28,700taxesFactory depreciation$65,600 Indirect materials$33,300If the company allocates overhead based on direct labor cost, what arethe total actual manufacturing overhead costs?a. $173,000b. $283,500c. $228,900d. $260,900

Step 1: Introduction to the Applied Overhead CostThe applied manufacturing overhead cost during the…

Answered: Here are selected basic data for Wilson…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Here are selected basic data for Wilson Company: Estimated manufacturing overhead $243,750 Factory utilities $31,100 Estimated labor hours 35,000 Indirect labor $22,800 Actual direct labor hours 36,000 Sales commissions $54,300 Estimated direct labor cost $325,000 Factory rent $47,700 Actual direct labor cost $320,000 Factory property taxes $28,700 Factory depreciation $65,500 Indirect materials $33,300 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs?
Here are selected basic data for Wilson Company: Estimated manufacturing overhead $243,750 Factory utilities $30,200 Estimated labor hours 35,000 Indirect labor $22,700 Actual direct labor hours 36,000 Sales commissions $54,100 Estimated direct labor cost $325,000 Factory rent $47,700 Actual direct labor cost $320,000 Factory property taxes $29,100 Factory depreciation $65,800 Indirect materials $33,700 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs?
Here are selected basic data for Boston Bracing Company: Estimated manufacturing overhead $253,500 Factory utilities $31,000 Estimated labor hours 35,000 Indirect labor $23,000 Actual direct labor hours 36,000 Sales commissions $53,800 Estimated direct labor cost $325,000 Factory rent $48,300 Actual direct labor cost $320,000 Factory property taxes $28,900 Factory depreciation $66,800 Indirect materials $33,700 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs? Question 42 options: $285,500 $228,800 $262,500 $231,700
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The related data of Jean Grey Company: Direct materials 315,600 Direct labor 186,700 Depreciation on factory equipment 23,000 Other factory expenses 87,500 Selling expenses 75,000 Administrative expenses 50,200 Factory overhead applied is 60% of the direct labor cost. How much is the product costs?
Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: $40,000 Direct materials used Direct labor Beginning work in process Ending work in process 20,000 Manufacturing overhead Beginning finished goods 50,000 Operating expenses Ending finished goods 30,000 $240,000 100,000 300,000 350,000
Given the following data for ABC Company, calculate (A) cost of goods manufactured and (B) total manufacturing costs : Direct materials used $120,000 Beginning work in process $20,000 Direct labour 100,000 Ending work in process 10,000 Manufacturing overhead 150,000 Beginning finished goods 25,000 Operating expenses 175,000 Ending finished goods 15,000
Freeman Furnishings has summarized its data as shown: Depreciation of factory building $77,500 Factory real estate taxes $15,000 Factory utility expenses Indirect materials $85,000 $32,000 $25,000 $84,000 Indirect labor Direct labor cost Direct labor hours incurred Estimated direct labor hours Raw material purchased Raw material, beginning Inventory Raw material, ending Inventory Work in process, beginning Inventory Work in process, ending Inventory Estimated overhead Compute the cost of goods manufactured, assuming that the overhead is allocated based on direct labor hours. x 21,500 22,000 $370,000 $40,000 $29,000 $52,000 $67,000 $247,500
Selected data for Lemon Grass, Inc. for the year are provided below: Factory Utilities $2,100 Indirect Materials Used 32,500 Direct Materials Used 309,000 Property Taxes on Factory Building 5,400 Sales Commissions 83,000 Indirect Labor Incurred 20,000 Direct Labor Incurred 145,000 Depreciation on Factory Equipment 6,800 What is the total manufacturing overhead? A. $52,500 B. $14,300 C. $454,000 D.
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: $ 16,700 147,000 9,700 87,000 273,900 11,700 $ 546,000 Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: $ 417,000 $ 77,000 Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 21,700 $ 31,700 $ 41,700 $ 71,700 The company uses a predetermined overhead rate of $26 per machine-hour to apply overhead cost to jobs. A total of 21,400 machine- hours were used during the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year. Complete this question by entering your…
Here are selected data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor cost Actual direct labor cost Factory depreciation $257,750 35,000 36,000 $330,400 $320,300 $65,400 If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? OA. 78% of direct labor cost OB. 80 % of direct labor cost OC. 128% of direct labor cost OD. 103% of direct labor cost Factory utilities Indirect labor Sales commissions Factory rent Factory property taxes. Indirect materials COS $30,200 $22,400 $53,700 $47,700 $28,100 $33,000

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