James Graham Manufacturing is a small manufacturer that uses machine-hours as its activity base for assigned overhead costs to jobs. The company estimated thle following amounts for 2019 for the company, for Job 62 and Job 63: Company $60,000 $25,000 $72,000 Job 62 Job 63 Direct materials Direct labor Manufacturing $4,500 $2,500 $7,100 $4,200 overhead costs Machine hours 90,000 1,350 3,100 During 2019, the actual machine-hours totaled 95,000, and actual overhead costs were $71,000. Job 62 consisting of 1,000 units and Job 63 consisting of 2000 units were completed during the month. Instructions: a) Compute the predetermined overhead rate. b) Compute the total manufacturing costs for Job 62 and Job 63. c) Compute the unit cost of Jobs 62 and 63. - prm, d) How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied. e) If Graham Manufacturing sells Job 62 for $14,000 and $18,000 for Job 63, compute the gross profit.

2. Hayday Enterprises applies manufacturing overhead on the basis of machine-hours. At the beginning of 2019, the cost accountant estimated the following cost information for the year: Total DM Costs $440,000 Total DL Costs $890,000 Total MOH Costs $754,000 Total Machine Hours 2,000 Total DL Hours 90,000 At the end of 2019, Hayday Enterprises' cost accountant noted that the company used 2,500 machine hours and actual MOH was $912,000. Was manufacturing overhead under-applied or over-applied and by how much? Provide over-application as a positive number, and under-application as a negative.

Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows: Information State University On-the-Go Home Precious Pre-school Direct Materials Cost (food) $54,200 $34,800 $81,300 Direct Labor Cost $43,600 $40,000 $55,900 Labor Hours 3,050 3,630 4,000   The company applies overhead at a rate of $17.50 per labor hour. It completed all of its jobs in November. Total revenue for the three jobs amounted to $396,600. The allocated overhead for the month was $146,800, of which $122,000 should be credited to accounts payable and $40,400 should be credited to Accumulated Depreciation.1. Determine the costs that should be assigned to each of the jobs.   State University On-the-Go Home Precious Pre-school TOTAL Direct Materials         Direct Labor         Actual Overhead         Total Job Cost         Manufacturing Overhead Debit Credit                 2. Do the adjustment for…

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During the month of January 2020, the job-cost record for Job 123 shows the following:       Job 123:   Machine Department Assembly Department Manufacturing overhead costs   19 500   7 500   Direct manufacturing labor costs   1 350   1 875   Direct manufacturing labor-hours   30   105   Machine-hours 210 30   Compute the total manufacturing overhead cost allocated to Job 123.   Assume that Job 123 produced 450 units, calculate the cost per unit.

During 2019, Sheridan Company expected Job no. 59 to cost $200000 of overhead, $500000 of materials, and $100000 in labor. Sheridan applied overhead based on direct labor cost. Actual production required an overhead cost of $195000, $660000 in materials used, and $310000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead? $5000 overapplied $5000 underapplied $425000 overapplied $425000 underapplied

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

In its job costing system, Mason Co. applies MOH to jobs using a budgeted MOH rate based on DL dollars. The rate, which is 200% of DL dollars, was calculated last December and will be used throughout the current year. On August 1, Mason had one job, #150, in process, with DM costs of $2,000 and DL costs of $3,000. During August, DM and DL costs were added to Job #150, as well as new Jobs #151 and #152, as follows. Job #150 Job #151 Job #152 4,000 $ 1,000 5,000 $ 2,500 Actual MOH cost for the month of August was $20,000. During the month, Mason completed Direct materials O $ Direct labor $ 1,500 $ Jobs #150 and #151.

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Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of operation, were as follows: Information State University On-the-Go Home Precious Pre-school Direct Materials Cost (food) $53,000 $36,900 $81,800 Direct Labor Cost $44,600 $40,700 $53,600 Labor Hours 2,920 3,510 4,160   The company applies overhead at a rate of $16.00 per labor hour. It completed all of its jobs in November. Total revenue for the three jobs amounted to $392,700. The actual overhead for the month was $147,400, of which $122,000 should be credited to accounts payable and $38,000 should be credited to Accumulated Depreciation.Determine the costs that should be assigned to each of the jobs.