Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four jobs during the month of October. Direct materials, direct labor incurred, and machine hours consumed were as follows: Direct Material $21,000 Job No. Direct Labor Machine Hours 64 $35,000 $22,000 $65,000 $ 8,800 1,500 900 2,000 200 65 $44,000 $15,000 66 67 Indirect production costs incurred during October included charges for depreciation ($34,000), indirect labor ($68,000), indirect materials ($5,000), and other factory costs ($139,100). Kite Corp. completed lob No. 64 and lob No. 66 during October. Iob 64 was sold on October 22. What is the overhead variance for the month of October? a. $10,600 under applied b. $10,600 over applied c. $5,650 under applied d. $5,650 over applied e. $7,950 under applied f. $7,950 over applied g. $2,300 under applied h. $2,300 over applied j. None of the above

AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February. Revenue Technician wages Mobile lab operating expenses office expenses Advertising expenses Insurance Miscellaneous expenses Jobs Revenue Expenses: Technician wages Mobile lab operating The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,500 plus $35 per job, and the actual mobile lab operating expenses for February were $9,240. The company expected to work 140 jobs in February, but actually worked 146 jobs. expenses Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February, (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)…

Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balance of $8,650 and Job 94 with a beginning balance of $7,210. Jagjit applies overhead at the rate of $6 per direct labor hour. Direct labor wages average $17 per hour. Data on August costs for all jobs are as follows: Direct materials Direct labor cost Job 93 $940 1,700 Job 94 $4,560 4,760 Job 95 $3,260 2,210 Job 96 $1,270 1,020 During August, Jobs 95 and 96 were started. Job 93 was completed on August 17, and the client was billed at cost plus 40%. All other jobs remained in process. Required: 1. Calculate the number of direct labor hours that were worked on each job in August. Job 93 Job 94 Job 95 Job 96 X DLH DLH DLH DLH 2. Calculate the overhead applied to each job during the month of August. Job 93

Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates:         Direct labor-hours required to support estimated production   90,000 Machine-hours required to support estimated production   45,000 Fixed manufacturing overhead cost $ 252,000 Variable manufacturing overhead cost per direct labor-hour $ 2.40 Variable manufacturing overhead cost per machine-hour $ 4.80     During the year, Job 550 was started and completed. The following information is available with respect to this job:         Direct materials $ 236 Direct labor cost $ 371 Direct labor-hours   15 Machine-hours   5     Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach: a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550. c. If Landen uses a markup percentage…

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:…

Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates:   Direct labor-hours required to support estimated production 115,000 Machine-hours required to support estimated production 57,500 Fixed manufacturing overhead cost $ 322,000 Variable manufacturing overhead cost per direct labor-hour $ 3.40 Variable manufacturing overhead cost per machine-hour $ 6.80   During the year, Job 550 was started and completed. The following information is available with respect to this job:   Direct materials $ 252 Direct labor cost $ 370 Direct labor-hours 15 Machine-hours 5   Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach: a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550. c. If Landen uses a markup percentage of 200% of its total…

Henderson Industries applies manufacturing overhead to its jobs based on a predetermined overhead rate, which is calculated using direct labor costs. The following data pertains to Henderson Industries' Work in Process inventory for the month of April: April 1 balance: $ 26,000 Debits during April: Direct Materials: $40,000 Direct Labor: $50,000 Manufacturing Overhead: $37, 500 Throughout April, the company's Work in Process inventory account received credits totaling $120, 500, representing the Cost of Goods Manufactured for the month. By April 30, only one job was still in process, having accumulated $9, 600 in applied overhead costs. The question is, what is the direct materials cost in this unfinished job? The options are: Group of answer choices $10, 600 $16, 700 $12, 800 $23, 400

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur$4,800,000 in manufacturing overhead cost at an activity level of 240,000 machine-hours.The company spent the entire month of January working on a large order for 16,000 custommade machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow:a. Raw materials purchased on account, $325,000.b. Raw materials used in production, $290,000 (80% direct materials and 20% indirect materials).c. Labor cost accrued in the factory, $180,000 (one-third direct labor and two-thirds indirect labor).d. Depreciation recorded on factory equipment, $75,000.e. Other manufacturing overhead costs incurred on account, $62,000.f. Manufacturing overhead cost was applied to…

Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials $25,500 $13,800 Work in process Finished goods $31,900 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 37,900 machine-hours and incur $151,600 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased on account: $238,000. b. Raw materials were requisitioned for use in production: $209,000 (90% direct and 10% indirect). c. The following costs were incurred for employee services: Direct labour $175,200 $ 30,800 Indirect labour Sales commissions $ 41,700 Administrative salaries $ 87,600 d. Heat, power, and water costs were incurred in the factory: $50,550.

Please help me solve the total manufacturing cost for Job D-70 & Job C-200