Crane Company Company manufactures customized sit-stand desks. The following pertains to Job No. 978: Direct materials...
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Crane Company Company manufactures customized sit-stand desks. The following pertains to Job No. 978: Direct materials used Direct labor hours worked Direct labor rate per hour Machine hours used Applied factory overhead rate per machine hour $15450 What is the total manufacturing cost for Job No. 978? 250 $15 200 $22 Cost of goods manufactured equals $94000 for 2022. Finished goods inventory is $2000 at the beginning of the year and $5500 at the end of the year. Beginning and ending Work in Process inventory for 2022 are $2000 and $4000, respectively. How much is cost of goods sold for the year? Production costs of the Finishing Department in June in Sheridan Company are materials $11,776, labor $27,140, and overhead $16,560. Equivalent units of production are materials 18,400 and conversion costs 21,850. Compute the unit costs for materials and conversion costs for June. (Round answers to 2 decimal places, e.g. 2.25.) At the beginning of the current period, Sheridan Company estimated that annual manufacturing overhead costs would be $552,000. Estimated annual operating activity bases are: direct labor cost $423,200, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $552,920 and the actual direct labor cost for the year was $419,520. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Sheridan applies manufacturing overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over- or underapplied and the amount. (Round "Predetermined overhead rate" to 2 decimal places, e.g. 52.72. Other all answers to O decimal places, e.g 52.) Crane Company Company manufactures customized sit-stand desks. The following pertains to Job No. 978: Direct materials used Direct labor hours worked Direct labor rate per hour Machine hours used Applied factory overhead rate per machine hour $15450 What is the total manufacturing cost for Job No. 978? 250 $15 200 $22 Cost of goods manufactured equals $94000 for 2022. Finished goods inventory is $2000 at the beginning of the year and $5500 at the end of the year. Beginning and ending Work in Process inventory for 2022 are $2000 and $4000, respectively. How much is cost of goods sold for the year? Production costs of the Finishing Department in June in Sheridan Company are materials $11,776, labor $27,140, and overhead $16,560. Equivalent units of production are materials 18,400 and conversion costs 21,850. Compute the unit costs for materials and conversion costs for June. (Round answers to 2 decimal places, e.g. 2.25.) At the beginning of the current period, Sheridan Company estimated that annual manufacturing overhead costs would be $552,000. Estimated annual operating activity bases are: direct labor cost $423,200, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $552,920 and the actual direct labor cost for the year was $419,520. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Sheridan applies manufacturing overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over- or underapplied and the amount. (Round "Predetermined overhead rate" to 2 decimal places, e.g. 52.72. Other all answers to O decimal places, e.g 52.)
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To calculate the total manufacturing cost for Job No 978 we need to consider the direct materials cost direct labor cost and factory overhead cost Direct materials costThe direct materials used for Jo... View the full answer
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