Shire Company's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $624,000 of overhead costs and $520,000 of direct labor cost for the period. During March, Shire began and completed Job 56. 1. What is the predetermined overhead rate for this period? 2. Use the information on the following job cost sheet to determine the total cost of Job 56. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the predetermined overhead rate for this period? Overhead Rate Numerator: I 1 1 Denominator: < Required 1 II = Overhead Rate Overhead rate Required 2 >

Blueberry Corp. uses a job order costing system with manufacturing overhead applied to products on the basis of machine hours. For the upcoming year, Blueberry Corp. estimated total manufacturing overhead cost at $225,000 and total machine hours of 45,000. During the year actual manufacturing overhead incurred was $258,750 and 47,600 machine hours were used. i. Calculate the predetermined overhead rate. ii. Calculate how much manufacturing overhead will be applied to production. ii. Is overhead over- or underapplied? By how much? iv. What account should be adjusted for over- or underapplied overhead? Should the balance be increased or decreased? Edit Format Table 12pt v Paragraph v BIUA ev T?v 1. $225,000/ 45000 = $5 Per Machine Hour 2.47600 x $5 = $238,000 I. 20 words 3. 4.

Job 327 was recently completed. The following data have been recorded on its job cost sheet:   Direct Materials: $3,500 Direct Labor hours: 100 Direct Labor wage rate: $10.00 per hour   The company applies manufacturing overhead on the basis of direct labor hours. The pre-determined overhead rate is $15.00 per direct labor hour.   The total cost that would be recorded on the job cost sheet for job 327 would be:

can you please show how its done

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,900 for direct materials, $8,600 for direct labor, and $5,332 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,500 for direct materials and $5,200 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? O Yes O No 1b. How much overhead cost should be applied to Job W? Overhead cost 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? O Raw Materials Work-in-Process O Finished Goods

ABC Company uses a job-order costing system and a predetermined overhead rate based on machine hours. At the beginning of 2022, ABC estimated that manufacturing overhead for the year would be P4,800,000 and machine hours would be 80,000.   The following information pertains to April 2022:                                                  Job #1          Job #2       Job #3 Work in process, April 1         P320,000     P520,000    P760,000      April production: Direct materials requisitioned     80,000         96,000       144,000 Direct labor costs                        48,000         72,000         90,000  Machine hours                                 400              700              900   Actual overhead costs incurred during April amounted to P125,000. During April, jobs 1 and 3 were completed. Job 1 was delivered to a customer and an invoice for P800,000 was billed. Any over- or under-applied overhead is considered to be insignificant.   1. How much is the cost of goods…

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,500 for direct materials, $9, 700 for direct labor, and S 7,081 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4, 200 for direct materials and $4, 200 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? 1b. How much overhead cost should be applied to Job W? 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year?

Assume that RamCo applies overhead to jobs based on direct labor cost. Job A1 was started and completed and sold to customer for $500. The Job A1 cost sheet shows $200 for direct materials, $100 for direct labor, and $60 for overhead on its job cost sheet. Job A2 is still in process at year end and shows charges of $280 for direct materials and $150 for direct labor. How much overhead should be charged to Job A2 at year end? $0 $60 $90 $120 000

Badour Inc. is a job-order manufacturer. The company uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours were 127,000 and estimated factory overhead was $939,800. The following information was for September. Job X was completed during September, while Job Y was started but not finished.               September 1, inventories:         Materials $ 10,400     Work-in-process (All Job X)   38,700     Finished goods   81,700     Materials purchases $ 138,000     Direct materials requisitioned:         Job X $ 55,800     Job Y   41,300     Direct labor hours:         Job X   6,300     Job Y   5,800     Labor costs incurred:         Direct labor ($7.30 per hour) $ 88,330     Indirect labor   22,000     Factory supervisory salaries   8,500     Rental costs:         Factory $ 10,300     Administrative offices   3,500     Total equipment depreciation costs:…

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was startedand completed during the current period, shows charges of $5,000 for direct materials, $8,000 for directlabor, and $6,000 for overhead on its job cost sheet. Job W, which is still in process at year-end, showscharges of $2,500 for direct materials and $4,000 for direct labor.Required:Should any overhead cost be added to Job W at year-end? If so, how much? Explain.