Chorio's Inc. computes its plant-wide, predetermined overhead rate annually based on direct labor-hours. For Year 1, Chorio estimated that 47,000 direct labor-hours would be required for the period's expected level of production. The company also estimated $5,636,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.46 per direct labor-hour. Chorio's actual manufacturing overhead cost for the year was $5,747,362, and its actual total direct labor was 41,300 hours. Calculate the predetermined OH rate for Chorio's Year 1. Enter your answer as dollars per DLH, 2 d.p.Chorio's has computed its Year 2 predictions and has settled on a predetermined overhead application rate of $119.26 per DLH. At the end of this period. actual manufacturing overhead cost for the year was $5,747,362 and its actual total direct labor was 44,000 hours. What is the manufacturing overhead applied for this period? Round your answer to the nearest whole dollar. E At Marlin's biscuit factory, manufacturing overhead is applied based on direct labor cost. At the beginning of 2019, Marlin's cost accountant estimated the following information for the year: Total DM Costs $800,000 Direct Labor Hours 59,000 hours Cost per DLH $14Xhour Total Machine Hours 3,150 hours Total MOH Costs $620,000 At the end of 2019, the cost accountant noted that actual direct labor hours were 65,000, actual machine hours were 3,520, and the actual labor rate was $18.28. How much manufacturing overhead was applied? Round your answer to 2 d.p. Tomcat Inc. makes drones. It has two manufacturing departments - processing and finishing. The predetermined manufacturing overhead rate is 74% of the direct materials cost for processing and $22 per machine hour for finishing. Cost per machine hour equals $4.70. The accountant has the following information available for a particular job: Processing Finishing Machine Hours 307 212 Direct Materials Cost $520 $433 What is the total manufacturing overhead applied to this job? Round your answer to 2 d.p.Hayday Enterprises applies manufacturing overhead on the basis of machine- hours. At the beginning of 2019, the cost accountant estimated the following cost information for the year: Total DM Costs $440,000 Total DL Costs $890,000 Total MOH Costs $798,000 Total Machine Hours 2,000 Total DL Hours 90,000 At the end of 2019, Hayday Enterprises' cost accountant noted that the company used 2,500 machine hours and actual MOH was $896,000. Was manufacturing overhead under-applied or over-applied and by how much? Provide over-application as a positive number, and under-application as a negative.Scorpio makes premium bikes using two departments, assembly and painting. Assembly estimates using 342,000 machine hours and painting uses 44,000 machine hours. Fixed manufacturing overhead costs are estimated to be $9,000,000 for assembly and $792,000 for painting. Variable manufacturing overhead per machine hour is $11.5 in both departments. Machine hours are used as the allocation base fora plantwide predetermined manufacturing overhead application rate. A bike dealership shop places an order for 20 bikes. The order requires 1,072 machine hours in assembly and 106 machine hours in painting. The job also requires $54,000 of direct materials and $108,000 of direct labor. What is the unit product cost [per bike] for the job when Scorpio uses a plantwide approach to calculating its predetermined manufacturing overhead application rate? Round your answer to 2 d.p. Do not round intermediary calculations. The following costs were incurred during the month of June: Direct Materials $41,000 Direct Labor $72,000 Variable Manufacturing Overhead $3,000 Fixed Manufacturing Overhead $20,000 Selling Expenses $15,000 Administrative Expenses $17,000 What were the total inventoriable costs for June? In March. conversion costs were 59% of the product cost. If the product cost was $58,000 for the month of March, what was the direct materials cost for March? E Use this information to answer the next two questions. Bob & Company makes soft toys. Bob's range of production is 7,000 to 11,000 soft toys. The average costs per unit upon producing 9,000 units are as follows: Average cost per toy {l Direct Materials $7.60 Direct Labor $4.50 Variable MOH $2.10 Fixed MOH $5.80 Fixed Selling Expense $4.90 Fixed Admin Expense $2.90 Variable Admin Expense $2.10 Sales Commissions $1.70 What is the total amount of product cost to produce 8,000 soft toys? E What is the total amount of period cost to produce 9.000 soft toys? E Larry's Incorporated sells 15.000 school bags at a selling price of $52 per unit. The variable cost of producing one bag is $40 per unit. The fixed costs are $344,000 over the relevant range. What is the total contribution margin? E Harry Company produces shoes. Harry plans to sell 29000 pairs of shoes at a selling price of $59 per unit over the next month. Harry estimates the following costs for the next month: Cost Formula coos $28/pair Sales Commission 4% of sales Employees' Salaries $87,000 per month Depreciation $300 per month Shipping $32,000 per month + $3/pair Presuming both use the same costing system, what is the difference between the net operating income calculated on traditional format income statement and that on a contribution format income statement for the next month (in dollars]? In November. Trinity Donuts incurred $8850 in total costs related to the production of 3500 donuts. In December, Trinity incurred $8600 in total costs. Total xed costs are $1850 per month. By how many donuts did the production change? (Answer as a negative number if production has decreased). E Direct labor costs constitute 35% of the conversion cost. If the manufacturing overhead cost equals $43,000. what is the total conversion cost? Round your answer to 2 cl.p. E Jennifer incurs the following quality costs: $13,000 on systems development $9.000 on the depreciation of test equipment $95,000 on warranty repairs $31,000 on the net cost of scrap $18,000 on the net cost of spoilage $78,000 on audits of the effectiveness of the quality system. What are the total internal failure costs? Note for Winter 2021...This is a concept not covered by Wendy Baesler's Accounting 225. The answer to this question is to add the net cost of scrap and the net cost of spoilage. Tyler's Inc. makes soap. Tyler plans to produce 5000 soaps next month. 5000 soaps require 2900 tons of detergent at the cost of $13 a ton. Tyler also estimates the need for 9 workers to work 8 hours a day to meet the next month's production target. The current labor rate is $16. 50/hr. Tyler estimates xed manufacturing overhead cost to be $49,000 for the year and variable manufacturing overhead to be $12 per labor hour. The company plans to sell the soaps for $27 each. What is the total prime cost incurred by Tyler for the next month? (Assume the month has 30 days] Doofenshmirtz Inc. incurs the following costs: $760 for factory workers salaries $660 for direct materials $1340 for commissions $270 for factory supervisor salaries $1050 for depreciation on ofce equipment at the CEO headquarters $130 for paying a factory accountant $80 for indirect materials. What is the total period cost? E Orio produced 5000 biscuits in the previous month and incurred a xed MOH of $9 per unit. Next month. he plans to produce and sell 5700 biscuits at a price of $31 per unit. He estimates the variable cost to be 12% of the price. How much prot will he earn next month? E