Road Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $810,000 Shop direct labor 770,000 Shop and repair equipment depreciation 64,000 Shop supervisor salaries 212,000 Shop property taxes 35,000 Shop supplies 18,000 Advertising expense 44,000 Administrative office salaries 73,400 Administrative office depreciation expense 12,000   Total costs and expenses $2,038,000 The average shop direct labor rate is $22 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent.

Cards by Hallmark allocate factory overhead based on hours used by a piece of equipment. At the beginning of the period, the company estimates factory overhead to be $25,000 and expects the equipment to be used for 4,000 hours. During the period Job, 22 requires 1,900 hours of use of the equipment. Job 23 requires 1,700 hours, and Job 24 requires 100 hours. As of March 31, actual indirect costs include: $4,000 for indirect materials, $9,100 for indirect labor, $6,000 for utilities, and $5,200 for equipment depreciation. Required: a. Prepare the journal entry to record the costs considered factory overhead. b. Calculate the predetermined factory overhead rate. c. Prepare the journal entry required to apply the factory overhead to the jobs at the end of the month.

Please create a Statement of Cost of Goods Manufactured

Use the table below and record the amount in the appropriate column category.   Cost Item Cost   Prime cost Conversion Cost Factory Overhead Period Costs Rent on Factory equipment 11,000           Insurance on factory building 1,500           Raw materials 75,000           Sales Commissions 10,000           Utility costs for factory 900           Supplies for general office 300           Wages for assembly line workers 58,000           Depreciation on office equipment 800           Miscellaneous materials (Glue etc.) 1,100           Factory manager’s salary 5,700           Property taxes on factory building 400           Advertising for the laptops 14,000           Office Supervisor Salary 16,000           Depreciation of factory building 1,500

Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company provided the following estimates at the beginning of the year:      Molding Fabrication   Total Machine-hours   20,000   35,000   55,000 Fixed manufacturing overhead costs $ 780,000 $ 240,000 $ 1,020,000 Variable manufacturing overhead cost per machine-hour $ 4.00 $ 1.50          During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs—Job D-70 and Job C-200. It provided the following information related to those two jobs:     Job D-70: Molding Fabrication Total Direct materials cost $ 370,000 $ 320,000 $ 690,000 Direct labor cost $ 240,000 $ 140,000 $ 380,000 Machine-hours   16,000   4,000   20,000      Job C-200: Molding Fabrication Total Direct materials cost $ 280,000 $ 280,000 $ 560,000 Direct labor cost $ 120,000 $ 280,000 $ 400,000 Machine-hours   4,000   31,000…

Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts Shop direct labor Shop and repair equipment depreciation Shop supervisor salaries Shop property taxes Shop supplies $953,500 696,000 31,700 88,000 16,000 12,200 Advertising expense 19,100 Administrative office salaries 82,000 Administrative office depreciation expense 10,500 Total costs and expenses $1,909,000 The average shop direct labor rate is $24.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. $ per direct labor hour

During March, the following transactions/events were reported by Jerico Company that uses job- order costing for its product costing purpose: Depreciation on production machines and equipment, $10,500 Insurance on the plant assets, $2,700 Property taxes on the factory building accrued during the month, $4,000 Advertising paid with cash, $8,200 Which of the following accounts should NOT appaer in your journal entries to record the above transactions? O Depreciation Expense O Prepaid Insurance O Taxes Payable O Advertising (or Selling) Expense

redetermined Factory Overhead Rate Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $637,100 Shop direct labor 465,000 Shop and repair equipment depreciation 51,100 Shop supervisor salaries 142,000 Shop property taxes 25,800 Shop supplies 19,800 Advertising expense 12,700 Administrative office salaries 54,800 Administrative office depreciation expense 7,000   Total costs and expenses $1,415,300 The average shop direct labor rate is $15 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent.$ per direct labor hour

Solt Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Debit Balance 1/1 Debits Balance 12/31 Multiple Choice $453,000 $415,000 $403,000 Finished Goods The Cost of Goods Manufactured for the year was $415,000. The unadjusted Cost of Goods Sold for the year was: $503,000 38,000 Credits ? 50,000 Credit ?

Rob's Pool Cleaning applies overhead support costs to jobs using direct labor costs as the allocation base. The company's unadjusted Cost of Services for the year amounted to $800,000. Determine the company's adjusted Cost of Services given the following data:     Estimated Actual Direct Labor $180,000 $177,500 Overhead Support Costs $270,000 $284,000