Cam X Question 11 5 pts Question (Cost Accounting System / Normal Costing Rebel Company (RC) produces elegant Golden Knights bobbleheads using a sophisticated 3D printing manufacturing process. RC uses a normal costing system and machine hours (MH) to apply overhead to production. Any manufacturing overhead variance is closed to COGS at the end of the year. RC sold 45,000 bobbleheads during the past calendar year. The bobbleheads sel for $50 each RC's accounting records provide the following information for the past year Estimated Manufacturing Overhead Estimated direct bor hours Estimated machine hours $450,000 50.000 direct labor hours (DLH) 90,000 machine hours (MH) 55,000 direct labor hours (DLHO 85.000 machine hours (MH Actus direct labor hours Actual machine hours $ 350,000 Purchases of direct materials Direct materials inventory, January Direct materials inventory, December 31 $ 15,000 Direct labor dollars Maintenance on factory equipment Depreciation, sales headquarters Depreciation factory equipment Property taxes on the factory Property taxes on sales headquarters $40.000 $725.000 $145.000 $ 30.000 $ 55.000 $ 22.000 $ 16.000 Canvas f Xc Estimated machine hours 90,000 machine hours (MH) 55,000 direct labor hours (DLH) Actual direct labor hours Actual machine hours 85,000 machine hours (MH) Purchases of direct materials $ 350,000 Direct materials inventory, January 1 $15.000 Direct materials inventory, December 31... $ 40,000 Direct labor dollars $725,000 Maintenance on factory equipment $ 145,000 Depreciation, sales headquarters $ 30,000 Depreciation factory equipment $ 55,000 Property taxes on the factory $ 22.000 Property taxes on sales headquarters $ 16,000 Utilities, factory $ 120,000 Utilities sales headquarters $1,900 Insurance on the factory $ 17.000 Salary sales supervisor 590.000 Salary: Administration $ 150.000 Work in process inventory, January 1 $ 25.000 Work in process inventory, December 31 5 45.000 $ 0 Finished goods inventory, January 1 $ 0 Finished goods inventory, December 31 Question Part 1 What was the predetermined Overhead Rate for Rebel Com SUMI EX Property taxes on the factory $ 22.000 Property taxes on sales headquarters......... $ 16,000 Utilities, factory $ 120.000 Utilities, sales headquarters $ 1,900 $ 17,000 Insurance on the factory Salary, sales supervisor $ 90,000 $ 150,000 Salary, Administration Work in process inventory, January 1 $ 25,000 Work in process inventory, December 31 $ 45,000 $ 0 Finished goods Inventory. Inuary 1 Finished goods Inventory, December 31 $ 0 Question Part 1 What was the Predetermined Overhead Rate for Rebel Company? 03/ O SAM 55/MH $/MH 59/MH 5 pts Question 12 Question Part 2 What was the MOH Variance for the year! U Question 12 5 pts Question : Part 2 What was the MOH variance for the year? 558.000 overappled 0 $58,000 underapplied $63,000 overapolled 563.000 underapplied O $68.000 overspolind Question 13 10 pts Question Part 3 How much is Cost of Goods Manufactured using applied oH for Rebel Company $1,355,000 31,396,500 O 51,397.000 51.455.000 O $1.455.000 tal 1 Spits
