Popeye Company is a metal and wood cutting manufacturer, selling products to the home construction market. Consider the following data for the month of October, 2016. Sandpaper Material handling costs 5,000 1,75,000 Lubricants and coolants 12,500 Miscellaneous indirect manufacturing labour Direct manufacturing labour Direct materials (01-10-16) Direct materials (31-10-16) Finished Goods (01-10-16) Finished Goods (31-10-16) Work in progress (01-10-16) Work in progress (31-10-16) Plant leasing costs Depreciation on plant equipment Property taxes on plant equipment Fire insurance on plant equipment Direct materials purchased 1,00,000 7,50,000 1,00,000 1,25,000 2,50,000 3,75,000 25,000 35,000 1,35,000 90,000 10,000 7,500 11,50,000 34,00,000 Sales revenues Marketing promotions Marketing salaries 1,50,000 2,50,000 Distribution costs 1,75,000 Customer service costs 2,50,000 Prepare Cost sheet and find out the profit for the month of October 2016.

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Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B:   Estimated Data Machining Assembly Total Manufacturing overhead $ 20,184,000   $ 841,000   $ 21,025,000   Direct labor hours   29,000     696,000     725,000   Machine hours   696,000     24,000     720,000     Job A Machining Assembly Total Direct labor hours 5 10 15 Machine hours 11 2 13     Job B Machining Assembly Total Direct labor hours 4 5 9 Machine hours 12 3 15     Required: 1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how much manufacturing overhead cost would be applied to Job A? Job B? (Round your answers to the nearest whole dollar amount.) 2. Assume that Mason Company uses departmental…

Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows:   Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $1,337,700 $950,400 Estimated direct labor hours for year   26,400 Estimated machine hours for year 51,450   Actual factory overhead costs for March $110,730 $107,750 Actual direct labor hours for March   2,940 Actual machine hours for March 4,320     Required:   a. Determine the factory overhead rate for Factory 1.   b. Determine the factory overhead rate for Factory 2.   c. Journalize the Mar. 31 entries to apply factory overhead to production in each factory. Refer to the chart of accounts for the exact wording of the account titles.   d. Determine the balances of the factory overhead…