Question
1. The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied, $210000; units produced, 5000 units;
1. The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied, $210000; units produced, 5000 units; units sold, 4000 units. The cost of the finished goods on hand from this job is
2.A company expected its annual overhead costs to be $1400000 and direct labor costs to be $700000. Actual overhead was $1000000, and actual labor costs totaled $600000. How much is the companys predetermined overhead rate to the nearest cent?
3.Marigold Corp. applies overhead on the basis of 150% of direct labor cost. Job No. 176 is charged with $100000 of direct materials costs and $225000 of manufacturing overhead. The total manufacturing costs for Job No. 176 is
4.Concord Corporation applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $360000 of direct materials costs and $200000 of manufacturing overhead. The total manufacturing costs for Job No. 305 is:
5.During 2019, Swifty Corporation expected Job no. 59 to cost $300000 of overhead, $460000 of materials, and $200000 in labor. Swifty applied overhead based on direct labor cost. Actual production required an overhead cost of $255000, $530000 in materials used, and $180000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead?
6.A process with no beginning work in process, completed and transferred out 86400 units during a period and had 49400 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period for conversion costs were:
7.In the Shaping Department of Waterway Company the unit materials cost is $5.00 and the unit conversion cost is $4.00. The department transferred out 41500 units and had 4600 units in ending work in process 20% complete. If all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process is
8.Marigold Company had the following department information for the month:
Total materials costs | $ 54000 |
Equivalent units of producion - materials | 10000 |
Total conversion costs | $86000 |
Equivalent units of conversion costs | 20000 |
How much is the total manufacturing cost per unit?
9.Coronado Industries has 8300 for materials and for conversion costs. Total manufacturing costs are $212780. Total materials costs are $158000. How much is the conversion cost per unit?
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