Prepare a journal entry for the following:  Applied overhead at the rate of 155% of direct labor costs. Direct labor costs were $135,000 in the Mixing department and $60,000 in the Shaping department.

Calculating Activity-Based Costing Overhead Rates Assume that manufacturing overhead for Glassman Company consisted of the following activities and costs: Setup (1,000 setup hours) $148,000 Production scheduling (400 batches) 64,000 Production engineering (60 change orders) 120,000 Supervision (2,000 direct labor hours) 56,000 Machine maintenance (12,000 machine hours) 84,000 Total activity costs $472,000 The following additional data were provided for Job 845 Direct materials costs $8,000 Direct labor cost (5 Milling direct labor hours;   35 Finishing direct labor hours) $2,000 Setup hours 5 hours Production scheduling 1 batch Machine hours used (25 Milling machine hours; 5 Finishing machine hours) 30 hours Production engineering 3 change orders a. Calculate the cost per unit of activity driver for each activity cost category. Setup   Production scheduling cost   Production engineering cost   Supervision cost   Machine…

Canfield Construction applies overhead to its projects at a rate of $78 per direct labor hourLaborers are paid an average rate of $40 per hourThe Jefferson Apartments project was charged a total of $2,700,000 in direct materials and $580,000 in direct labor costs Overhead applied to the Jefferson Apartments project amounted to:

Milan Manufacturing Company has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year: Cost Pool Supervision of direct labor Machine maintenance Facility rent Total overhead costs Cost driver Activity level 920,000 Overhead Costs $794,000 Direct labor-hours $140,000 Machine-hours 1,040,000 $216,000 $1,150,000 Square feet of area 130,000 The accounting records show the Mossman Job consumed the following resources: Cost driver Actual level Direct labor-hours 230 Machine-hours 1,547 Square feet of area 50 OA. $0.86 per direct labor-hour OB. $0.80 per direct labor-hour OC. $1.16 per direct labor-hour OD. $1.25 per direct labor - hour

A Company estimates its overhead to be $375,000 It expects to have 125,000 direct labor hours costing $1,500,000 in labor It expects to utilize 15,000 machine hours   Calculate the predetermined overhead rate using: Direct labor hours Direct labor dollars Machine hours Predetermined overhead allocation rate= estimated manufacturing overhead cost/ allocation base

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The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 30,000 unith 40% completed Direct materials, 400,000 units @ $11.25 Direct labor Factory overhead Bal., 2 units, 30% completed Cost per equivalent units of $11.25 for Direct Materials and $60.00 for Conversion Costs. 1,075,500 To Finished Goods, 406,000 units 4,500,000 4,012,000 20,060,000 a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period 3. Cost of ending work in process inventory 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.) b. Did the production costs change from the preceding period? 0000 c. Assuming that the direct materials cost…

Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $15.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rat is $22.00 per hour. The following information pertains to Job 700: Direct materials Direct labor Required: Finishing $ 440 Fabrication $ 65 $ 242 $ 154 1. What is the total manufacturing cost assigned to Job 700? 2. If Job 700 consists of 30 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)

1. Calculate the plant-wide overhead rate using the following information: Estimated Total Manufacturing Costs Estimated Cost Allocation Base Actual Total Manufacturing Costs Actual Cost Allocation Base $20 per machine hour $30 per machine hour $1,000,000 50,000 machine hours $1,500,000 25,000 machine hours $60 per machine hour $40 per machine hour