Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

23 London Company manufactures balls and applies manufacturing overhead costs to production at a budgeted indirect-cost rate of $20 per direct labor-hour. The following data

image text in transcribed
image text in transcribed
23 London Company manufactures balls and applies manufacturing overhead costs to production at a budgeted indirect-cost rate of $20 per direct labor-hour. The following data are obtained from the accounting records for June 2017: aut of question $140,000 $ 49,500 $ 10,000 Direct materials Direct labor (4,500 hours @ $11/hour) Indirect labor Plant facility rent Depreciation on plant machinery and equipment Sales commissions Administrative expenses $ 30,000 $ 15,000 $ 20,000 $ 25,000 The amount of manufacturing overhead allocated to all jobs during June 2017 totals: Select one: a $90.000 b. $100.000 C. $49.500 d. $55,000 24 Wheel and Tire Manufacturing currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers: d out of Direct materials $20 3 question 6 Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing costs 10 $39 The plant has capacity for 3,000 tires and is considering expanding production to 2,000 tires. What is the total cost of producing 2,000 tires? Select one: a. $39,000 b. $68,000 c. $78,000 d. 1. $62.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Horngrens Accounting

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

12th edition

978-0134674681

Students also viewed these Accounting questions