Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(1) Doctc x File Brow x | Question x ACC270( x Tiana Sh x | Course X | 2173948 x | Fritzolut x | G

image text in transcribedimage text in transcribed
(1) Doctc x File Brow x | Question x ACC270( x Tiana Sh x | Course X | 2173948 x | Fritzolut x | G Tiana Sh x | M Yourans x | ) (2) loltyle x w Word x ) Microsof X w |Word x Buy Worx + X C @ File | C:/Users/ellio/Downloads/ACC2706%20Sem 1AY2021.22_Teaching%20Schedule%20Part%201%20(1).pdf Update : ACC2706 Sem 1AY2021.22_Teaching Schedule Part 1 (1).pdf 6 / 10 - 75% + Tutorial 3 T3.1 Tiana Shar, the controller for Caesar Glassware Company, is in the process of analyzing the overhead costs for the month of November. She has gathered the following data for the month. Labor Direct-labor hours: Job 57 7,000 6,000 Job 59 4.000 Labor costs: Direct-labor wages 408,000 Indirect-labor wages 30 00 Supervisory salaries 12.000 Material Inventories, November 1: Raw material and supplies Work in process (job 57) 108,00 Finished goods 125,000 urchases of raw material and supplies v material 270,000 Supplies (indirect material) Direct material and supplies 30.000 equisitioned for production: Job 57 90,000 5 Job 59 75,000 51,000 Supplies (indirect material) 24.000 Subtotal $ 240.000 Other Building occupancy costs (heat, light, depreciation, etc.) Factory facilities es offices 12,80 3.200 Administrative offices 2.000 Subtotal $ 18,000 Production equipment costs: 6 Power 8,200 Repairs and maintenance 3,000 Depreciation 3.000 Other 2,000 Subtotal 16,200 The firm's job-order costing system uses direct-labor hours (measured at practical capacity) as the cost driver for overhead application. In December of the preceding year, Shar had prepared the following budget for direct-labor and manufacturing-overhead costs for the current year. The plant is theoretically capable of operating at 140,000 direct-labor hours per year. However, Shar e capacity is 115,000 hours in a typical year. Activate Windows Document (1).docx Document.docx Show all X Type here to search O L 29.C Mostly cloudy ~ D: ( 7 () ENG 8:51 pm 28/8/2021(1) Doctc x File Brow x Question x ACC270( x Tiana Sh x | Course X | * 2173948 x | Fritzolut x | G Tiana Sh x | M Yourans x | (2) loltyle x |w Word x () Microsof X w |Word x Buy Worx + X C @ File | C:/Users/ellio/Downloads/ACC2706%20Sem 1AY2021.22_Teaching%20Schedule%20Part%201%20(1).pdf Update : ACC2706 Sem 1AY2021.22_Teaching Schedule Part 1 (1).pdf 7 / 10 - 75% + Manufacturing Overhead Direct-Labor Hours Variable 100,000 Fixed $300,00 $230,000 115,000 345,000 230,000 30,000 390,000 230,000 During November the following jobs were completed: Job 57 10 oz. water glasses Job 58 5 oz. juice glasses Assist Shar by making the following calculations. Required: . Calculate the predetermined overhead rate for the current year. 2. Calculate the total cost of Job 57. 3. Compute the amount of manufacturing overhead applied to job 59 during November. 4. What was the total amount of manufacturing overhead applied during November? 5. Compute actual manufac ring overhead incurred during November. he overapplied or underapplied overh derapplied overhead for November. 5 6 Activate Windows Document (1).docx Document.docx Show all X Type here to search O 29.C Mostly cloudy ~ 9: ( 7 () ENG 8:51 pm 28/8/2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Theory And Analysis Text And Cases

Authors: Richard G Schroeder, Myrtle W Clark, Jack M Cathey

13th Edition

1119577772, 9781119577775

More Books

Students also viewed these Accounting questions

Question

Repeat Prob. 17128 assuming the entrance velocity is negligible.

Answered: 1 week ago

Question

Where do I give in to my bad habit?

Answered: 1 week ago

Question

Values: What is important to me?

Answered: 1 week ago