4G+11:55ill 70%$43,200$46,400None of the aboveManagers at X company think machinehours is the best activity base formanufacturing overhead. The annualestimated of overhead costs was$1,025,000. The budgeted machine hoursfor the year totaled 20,000. The companyused 1,000 hours of processing on JobNo.102 during the period and incurredoverhead costs totaling $1,050,000. Howmuch overhead should be applied to JobNo.102? *$51,250$52,500$1,025None of the aboveIn a job order cost system a credit to 4G+11:55 E* ll 70%OvericautostS totamng y1,000,000. TIOWmuch overhead should be applied to JobNo.102? *$51,250$52,500$1,025None of the aboveIn a job order cost system, a credit toManufacturing Overhead will beaccompanied by a debit to: *Cost of Goods Manufactured.Finished Goods Inventory.Work in Process Inventory.None of the aboveX Company applies overhead on the basisof 150% of direct labor cost. Job No.105 ischarged with $100,000 of direct materialscosts and $120,000 of manufacturing

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Managers at X company think machine hours is the best activity base for manufacturing overhead. The annual estimated of overhead costs was $1,025,000. The budgeted machine hours for the year totaled 20,000. The company used 1,000 hours of processing on Job No.102 during the period and incurred overhead costs totaling $1,050,000. How much overhead should be applied to Job No.102? * $51 250

Managers at X company think machine hours is the best activity base for manufacturing overhead. The annual estimated of overhead costs was $1,025,000. The budgeted machine hours for the year totaled 20,000. The company used 1,000 hours of processing on Job No.102 during the period and incurred overhead costs totaling $1,050,000. How much overhead should be applied to Job No.102? * $51 250

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The managerial accountant at Sunny Manufacturing needs to determine how many costs are fixed costs and how many costs are variable costs in the organization. The managerial accountant reported the following information: Sunny Manufacturing Cost Report January – June 20XX Month Machine-Hours Total Costs January 1,800 $21,500 February 2,900 $23,200 March 1,000 $19,750 April 2,400 $21,000 May 3,400 $23,900
None of the above Managers at X company think machine hours is the best activity base for manufacturing overhead. The annual estimated of overhead costs was $1,025,000. The budgeted machine hours for the year totaled 20,000. The company used 1,000 hours of processing on Job No.102 during the period and incurred overhead costs totaling $1,050,000. How much overhead should be applied to Job No.102? * $51,250 O $52,500 O $1,025 O None of the above
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Facebo... PIUK Lea se Lux Corporation uses a job cost system and has two production departments,X and Y. Budgeted manufacturing costs for the year are: Department X DepartmentY on Direct materials $1400,000 $200,000 Direct manufacturing labor $400,000 $1600,000 Manufacturing overhead $1200,000 $800,000 The actual material and labor costs charged to Job #512 were as follows: Total Direct maternals: $50,000 Direct labor: Department X Department Y s 16,000 $24,000 $40,000 Lux applies manufacturing overhead costs to jobs on the basis of direct manufacturing labor cost using departmental rates determined at the beginning of the year. For Department X, the manufacturing overhead allocation rate is: Select one: a. 300% b. 33% C. 100% d. 66%% 23°C uaio
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