Question
1.Sonnheim Manufacturing uses job costing. In May, material requisitions were $50032 and raw material purchases were $37868. The end of month balance in raw materials
1.Sonnheim Manufacturing uses job costing. In May, material requisitions were $50032 and raw material purchases were $37868. The end of month balance in raw materials inventory was $5595. What was the beginning raw materials inventory balance? (INPUT YOUR ANSWER WITHOUT COMMAS OR DOLLAR SIGNS)
2.
Smith Paints allocates overhead based on machine hours. Selected data for the most recent year follow.
Estimated manufacturing overhead cost | $251565 |
Actual manufacturing overhead cost | $248739 |
Estimated machine hours | 20511 |
Actual machine hours | 21037 |
The estimates were made as of the beginning of the year, while the actual results were for the entire year.
The predetermined manufacturing overhead rate per machine hour is (INPUT YOUR ANSWER WITH NO COMMAS OR DOLLAR SIGNS. ROUND TO TWO DECIMAL PLACES, FOR EXAMPLE 77.77)
3.
Smith Paints allocates overhead based on machine hours. Selected data for the most recent year follow.
Overhead Rate per hour | $12.72 |
Estimated machine hours | 20689 |
Actual machine hours | 20042 |
The amount of manufacturing overhead allocated for the year based on machine hours would have been:
(INPUT YOUR ANSWER WITH NO COMMAS OR Dollar SIGNS. ROUND YOUR ANSWER TO THE NEAREST WHOLE NUMBER)
4.Crockett Company had a beginning work in process inventory balance of $33165. During the year, $77,000 of direct materials were placed into production. Direct labor was $60309, and indirect labor was $19,500. Manufacturing overhead is allocated at 130% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225987 were completed during the year. What is the ending work in process inventory balance?
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