Total factory labor costs related to factory workers for Sandhill Company during themonth of January are $108,000. Of the total accumulated cost of factory labor, 90% is related to direct labor and 10% is attributable to indirect labor. (a) (b) Prepare the January 31 entry to record the factory labor costs for the month of January. Prepare the January 31 entry to assign factory labor to production.

Total factory labor costs related to factory workers for Ivanhoe Company during the month of January are $77,400. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributable to indirect labor. (a) (b) Prepare the January 31 entry to record the factory labor costs for the month of January. Prepare the January 31 entry to assign factory labor to production.

During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $34,200; indirect labor, $95,100; utilities cost, $19,600; and factory depreciation, $51,300.   Journalize the entry on May 30 to record the factory overhead incurred during May. Refer to the Chart of Accounts for exact wording of account titles.

The following selected data were taken from the accounting records of Metcalf Manufacturing. The company uses direct-labor hours as its cost driver for overhead costs. Month January February March April May June Direct-Labor Hours 37,000 39,000 52,000 40,000 44,000 42,000 March's costs consisted of machine supplies ($296,400), depreciation ($32,500), and plant maintenance ($570,100). These costs exhibit the following respective behavior: variable, fixed, and semivariable. Manufacturing Overhead $701,000 740,000 899,000 754, 250 805,500 802,500 The manufacturing overhead figures presented in the preceding table do not include Metcalf's supervisory labor cost, which is step- fixed in nature. For volume levels of less than 15,000 hours, supervisory labor amounts to $77,500. The cost is $155,000 from 15,000- 29,999 hours and $232,500 when activity reaches 30,000 hours or more. Required: 4. 1. Determine the machine supplies cost and depreciation for January. 2. Using the high-low method,…

The Polaris Company uses a job-order costing system. The following transactions occurred in October:   Raw materials purchased on account, $211,000. Raw materials used in production, $191,000 ($152,800 direct materials and $38,200 indirect materials). Accrued direct labor cost of $49,000 and indirect labor cost of $21,000. Depreciation recorded on factory equipment, $106,000. Other manufacturing overhead costs accrued during October, $130,000. The company applies manufacturing overhead cost to production using a predetermined rate of $9 per machine-hour. A total of 76,300 machine-hours were used in October. Jobs costing $513,000 according to their job cost sheets were completed during October and transferred to Finished Goods. Jobs that had cost $451,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 28% above cost.   Can you please help me with the following:  Prepare journal entries to record the…

The following information is available for Ethtridge Manufacturing Company for the month ending July 31: Cost of direct materials used in production $1,150,000 Direct labor 966,000 Work in process inventory, July 1 316,400 Work in process inventory, July 31 355,500 Total factory overhead 490,500 Determine Ethtridge's cost of goods manufactured for the month ended July 31. Ethtridge Manufacturing CompanyStatement of Cost of Goods ManufacturedFor the Month Ended July 31     $- Select - Add manufacturing costs incurred during July:       $- Select -     - Select -     - Select -   Total manufacturing costs incurred   fill in the blank 9 Total manufacturing costs   $fill in the blank 10     - Select - Cost of goods manufactured   $fill in the blank 13

A company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor hours. For the year, estimated total manufacturing overhead cost was $277,200 and total direct labor hours were estimated to be 50,400. During the year, actual manufacturing overhead incurred was $290,410 and 51,400 direct labor hours were used. Required: a. Calculate the predetermined overhead rate. b. Calculate how much manufacturing overhead will be applied to production. c. Is overhead over- or underapplied? By how much? d. What account should be adjusted for over- or underapplied overhead? Should the balance be increased or decreased? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D What account should be adjusted for over- or underapplied overhead? Should the balance be increased Cost of Goods Sold Increased