Question
1.Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 16,000 hours and the
1.Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 16,000 hours and the total estimated manufacturing overhead was $385,600. At the end of the year, actual direct labor-hours for the year were 15,400 hours and the actual manufacturing overhead for the year was $366,560. Overhead at the end of the year was: (Round your intermediate calculations to
2 decimal places.) $4,580 underapplied $9,580 underapplied $4,580 overapplied $9,580 overapplied 2.At an activity level of 8,900 machine-hours in a month, Nooner Corporation's total variable production engineering cost is $760,060 and its total fixed production engineering cost is $152,880. What would be the total production engineering cost per unit, both fixed and variable, at an activity level of 9,100 machine-hours in a month? Assume that this level of activity is within the relevant range. (Do not round intermediate calculations.) $101.85 $102.20 $101.31 $102.38 3.At the beginning of the year, manufacturing overhead for the year was estimated to be $272,550. At the end of the year, actual direct labor-hours for the year were 24,300 hours, the actual manufacturing overhead for the year was $267,700, and manufacturing overhead for the year was overapplied by $11,750. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: (Round your intermediate calculations to 2 decimal places.) 22,200 direct labor-hours 24,300 direct labor-hours 23,300 direct labor-hours 23,700 direct labor-hour
7.Supply costs at Lattea Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,664 $28,578 April 11,460 $28,412 May 11,992 $28,836 June 13,700 $28,926 July 11,724 $28,639 August 11,210 $28,238 September 12,004 $28,837 October 11,695 $28,595 November 11,843 $28,720 Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost, Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates would be closest to: (Round your Variable cost per unit to 2 decimal places.) $1.97 per client-visit; $28,640 per month $0.28 per client-visit; $25,090 per month $.86 per client-visit; $18,032 per month $0.32 per client-visit; $24,585 per month
8,Dapper Corporation had only one job in process on May 1. The job had been charged with $1,950 of direct materials, $3,940 of direct labor, and $6,010 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $15.80 per direct labor-hour. During May, the following activity was recorded: Raw materials (all direct materials): Beginning balance $ 11,000 Purchased during the month $22,800 Used in production $30,200 Labor: Direct labor-hours worked during the month 2,070 Direct labor cost incurred $26,082 Actual manufacturing overhead costs incurred $30,200 Inventories: Raw materials, May 30 ? Work in process, May 30 $16,600 Work in process inventory on May 30 contains $2,772 of direct labor cost. Raw materials consist solely of items that are classified as direct materials. The balance in the raw materials inventory account on May 30 was: $3,600 $3,720 $4,120 $3,480
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