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A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 103,500
A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 103,500 93,150 Work in Process Inventory Beginning WIP 103,500 Direct materials Direct labor Applied overhead To finished goods Ending WIP 134,600 Finished Goods Inventory Beginning FG 121,500 333, 800 Ending FG 145,900 309,400 Multiple Choice O $177,000. $38,875 o o $31,100. $294,925 O $333,800. Use the following data to compute total manufacturing costs for the month: Sales commissions Direct labor Indirect materials Factory manager salaries Factory supplies Indirect labor Depreciation office equipment Direct materials Corporate office salaries Depreciation-factory equipment $ 12,600 41,400 17,000 9,000 10,800 8,100 6,800 42,300 44,300 9,300 Multiple Choice o $157,300. $137,900 $54,200 o o $95,600. $63,700 At the beginning of the month, the Painting Department of Skye Manufacturing had 22,000 units in inventory, 70% complete as to materials, and 25% complete as to conversion. The cost of the beginning inventory. $30,650, consisted of $24.400 of material costs and $6,250 of conversion costs. During the month the department started 117,000 units and transferred 123,000 units to the next manufacturing department. Costs added in the current month consisted of $258,080 of materials costs and $540,910 of conversion costs. At the end of the month, the department had 16,000 units in inventory, 40% complete as to materials and 15% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the costs per equivalent unit of materials and conversion respectively for the Painting Department. Multiple Choice $2.18: $4.36. o $1.98; $4.28 $2.21; $4.40. O $2.21: $4.28 $2.48; $4.56 O Peterson Company estimates that overhead costs for the next year will be $3,400,000 for indirect labor and $850,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 85,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.) Multiple Choice $0.03 per machine hour. $50.00 per machine hour. $39.65 per machine hour. $10.00 per machine hour. $0.10 per machine hour
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