6:03 PM Wed Jul 29 45% A. Techniques, Inc. uses a predetermined manufacturing overhead rate based on direct labor hours to apply its indirect product costs to jobs. The following information has been collected for the previous year: Direct materials Direct labor Sales commissions Indirect labor Rent on office equipment Depreciation - factory building Utilities - factory $150,000 200,000 100,000 50,000 25,000 75,000 125,000 Techniques used 25,000 direct labor hours and 50,000 machine hours during the previous year. What is the predetermined overhead rate per direct labor hour? (1 point) B. Data concern the operations of the company's first processing department for a recent month. Work in process, beginning Units in process 300 Percent complete with respect to materials 60% Percent complete with respect to conversion 30% Costs in the beginning inventory Materials cost... $342 Conversion cost. $2,394 Units started into production during the month 21,000 Units completed and transferred out 20,700 Costs added to production during the month: Materials cost $44,136 Conversion cost $546,750 Work in process, ending: Units in process 600 Percent complete with respect to materials 80% Percent complete with respect to conversion.. 30% Required: ( 2 points) a. Determine the equivalent units of production. b. Determine the costs per equivalent unit. c. Determine the cost of ending work in process inventory. d. Determine the cost of the units transferred to the next department. C. Select 8 items out of column A and match them with the correct answer from Column C. You should put your answers in Column B. Each correct response is worth of a point. You can get up to 2 points B Fixed cost Direct material Variable cost Manufacturing overhead Mixed cost Selling commissions Equivalent units of production Salary of the CFO Direct labor 1.Does not change on a per unit basis as the activity level changes 2.Has a fixed and variable cost component 3. Does not change in total as the activity level changes? 4. salaries of assembly workers 5.shop foreman salary 6. Material used in producing a product 7.direct labor and manufacturing overhead 8. administrative cost 9. estimated manufacturing overhead / an allocation base 10. direct labor and direct material 11. cannot be easily traced to a product 12. direct material, direct labor and manufacturing overhead 13.can be easily traced to a product 14. Partially completed units x% of completion. 15. selling cost Prime costs Direct cost Conversion costs Indirect cost Manufacturing cost Pre- determined overhead rate D
