Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Coronado Industries manufactures customized desks. The following pertains to Job No. 978: Direct materials used Direct labor hours worked Direct labor rate per hour $12450

Coronado Industries manufactures customized desks. The following pertains to Job No. 978: Direct materials used Direct labor hours worked Direct labor rate per hour $12450 260 $15.00 200 Machine hours used Applied factory overhead rate per $22.00 machine hour What is the total manufacturing cost for Job No. 978? $22950 $22250 $20750 $18950 Waterway Industries applies overhead on the basis of 150% of direct labor cost. Job No. 176 is charged with $200000 of direct materials costs and $300000 of manufacturing overhead. The total manufacturing costs for Job No. 176 is $900000. $600000. $500000. $700000. Current Attempt in Progress Swifty Corporation provided the following information from its accounting records for 2019. Estimated 80000 labor hours production Actual production 76000 labor hours Budgeted overhead $900000 Actual overhead $860000 How much is the overhead application rate if Swifty Corporation bases the rate on direct labor hours? O $11.32 per hour O $11.84 per hour O $11.25 per hour O $10.75 per hour 00 $800. $40000. $39000. $780. Sheffield Manufacturing thinks that the best activity base for its manufacturing overhead is machine hours. The estimate of annual overhead costs is $780000. The company used 1000 hours of processing for Job A15 during the period and incurred actual overhead costs of $800000. The budgeted machine hours for the year totaled 20000. What amount of manufacturing overhead should be applied to Job A15

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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

How can we visually describe our goals?

Answered: 1 week ago

Question

What metaphors might describe how we work together?

Answered: 1 week ago

Question

What are some of the possible scenes from our future?

Answered: 1 week ago