Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone help me solve and how to do 21, 22, and 23. Corporation incurred $69,000 of actual the same pcriod, the Manufacturing Overhead allocated

Can someone help me solve and how to do 21, 22, and 23. image text in transcribed
Corporation incurred $69,000 of actual the same pcriod, the Manufacturing Overhead allocated to Work in Process was $68,000. The journa entry to record the allocation of Manufacturing Overhead to Work in Process would incle a Manufacturing Ovcrhcad costs during October. Durng A. debit to Manufacturing Overhcad of $68,000 t to Manufacturing Overhead of $68,000 C. debit to Work in Process of $69,000 D. credit to Work in Process of S69,000 22. Lucas Industries uses departmental overhead rates to allocate its company has two departments: Assembly and Sanding. The Assembly Department uses a overhead rate of S50 per machine hour, while the Sanding Department uses a departmental per direct labor hour. Job 603 used the following direct labor hours and machine hours in the manufacturing overhead to jobs. The overhead rate of $25 Assembl Department Department Actual results rect labor hours achine hours used The cost for direct labor is $25 per direct labor hour and the cost of the direct materials used by Job 603 is $1600 How much manufacturing overhead would be allocated to Job 603 using the departmental overhead rates? S675 B) $575 C) $700 D) $300 23. Beaver Company manufactures coffee tables and uses an activity-based costing system. Each coffee table consists of 30 separate parts totaling $210 in direct materials, and requires 6.0 hours of machine time to produce. Additional information follows: BaseCost Allocation Rate Activity aterials handling $3.00 per part 3.50 per machine hour Number of parts achin Assembling Machine hours Number of parts Number of finished units $6.00 per finished uri $1.00 per ka What is the allocated MOH cost of materials handling per coffee table? s90 B) S30 C) $13 D)S12

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Current Issues In Auditing

Authors: Michael J Sherer, W Stuart Turley

3rd Edition

1853963658, 978-1853963650

More Books

Students also viewed these Accounting questions

Question

c. What groups were least represented? Why do you think this is so?

Answered: 1 week ago