Question
(Fill in the blank Choices) for: (Question 6)(Question 9) Administrative Beginning Contribution Cost driver Direct labor Direct labor-hours Direct materials Dollars of direct labor cost
(Fill in the blank Choices) for: (Question 6)(Question 9)
Administrative
Beginning
Contribution
Cost driver
Direct labor
Direct labor-hours
Direct materials
Dollars of direct labor cost
Ending
Expensed
Fixed
Fixed manufacturing overhead
For the period ended
Income statement
Indirect labor
Indirect materials
Job cost
Level of activity
Machine-hours
Manufacturing
Manufacturing overhead
Margin
Name of company
Overapplied
Period
Predetermined overhead rate
Process cost
Selling
Statement of cost of goods manufactured
Total budgeted overhead
Underapplied
Variable costing
Work inprocess inventory
Question 7 answer choices is highlighted (DM, DL, DO, O)
Question 8 answer choices (A-N in question 7)
6. Give the entry to assign overhead to production for a given period, assuming that the overhead rate is 150 percent of direct labor cost and that $80,000 of direct labor cost was incurred in that period. Blank 1 Blank 2 Blank 3 To assign overhead to work in process. 7. a. Classify each of the following costs of a mobile home manufacturer using these symbols: DM - Direct Materials, DL = Direct Labor, MO = Manufacturing Overhead, and 0 = Other. Sheet aluminum. h. Wages of assemblers. b. Wages of drill press operators. Salaries of inspectors. c. Oil for factory machines. Lumber. d. Salary of company president. k. Factory accountant's salary. e. Factory supervisors' salaries. Executive office rent. f. Sales salaries. m. Nails and staples. g. Factory building insurance. n. Purchasing agent's salary. Identify by letters the costs in the preceding question that would be classified as product costs and as period costs. Product Costs Period Costs 1. 8. 9. Selling and administrative costs are often called costs and are as incurred. 10. If Cost of Goods Manufactured is $306,790, beginning Work in Process Inventory, $25,000, and Cost to Manufacture, $300,000, the ending Work in Process Inventory balance is $Step by Step Solution
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