Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need fast help in these questions. I have only 30 minutes, please do not need explanations. Just tell correct answers fast please. Question 35

I need fast help in these questions. I have only 30 minutes, please do not need explanations. Just tell correct answers fast please.

image text in transcribed

image text in transcribed

image text in transcribed

Question 35 3.75 points Save Answer Mitchell's Softball Gloves Company estimated the following at the beginning of the year. Overhead Assembly Department $570,000 142.500 hrs. 32,000hrs. Testing Department $130,000 32,500hrs 65,000hrs. Total $700,000 175,000hrs. Direct Labor Hours Machine Hours 97,000hrs. Mitchell uses departmental overhead rates. In the assembly department, direct labor hours are used to apply overhead. Machine hours are used to apply overhead in the testing department Actual data for August is as follows: Testing Department $12,000 Overhead Assembly Department $42.000 13,500hrs. 4,020hrs Total $54,000 15.930hrs. 15.020hrs. Direct Labor Hours 2,430hrs. 11,000hrs. Machine Hours Mitchell decides to continue using departmental overhead rates. If a job spends 4 hours in assembly and 3 hours in testing, what is the amount of overhead charged to the job? Question Completion Status: Mitchell uses departmental overhead rates. In the assembly department direct labor hours are used to apply overhead. Machine hours are used to apply overhead testing department Actual data for August is as follows: Assembly Department Testing Department Total Overhead $42,000 $12,000 $54,000 Direct Labor Hours 13,500hrs. 2,430hrs. 15,930hrs. Machine Hours 4,020hrs. 11,000hrs. 15,020hrs. Mitchell decides to continue using departmental overhead rates. If a job spends 4 hours in assembly and 3 hours in testing, what is the amount of overhead charged to the job? $22 O $20 O $28 O $50.54 None of these Wright Corporation had the following information available for December of the current year: $20,000 Work in process, December 1 Materials placed into production, December Direct labor, December 27,500 37,500 Plantwide overhead rate is 150% of direct labor costs. Job cost sheets had the following balances: Job 21 Job Z2 $32,500 55.000 35.000 18,750 Job Z3 Job 24 Jobs 23 and 24 were not completed at the end of December. What is the balance in work-in process for Wright at the end of December? $85,000 $87,500 O $56,250 S53.750

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

Differentiate sin(5x+2)

Answered: 1 week ago

Question

Compute the derivative f(x)=1/ax+bx

Answered: 1 week ago

Question

What is job enlargement ?

Answered: 1 week ago

Question

Design a training session to maximize learning. page 296

Answered: 1 week ago

Question

Design a cross-cultural preparation program. page 300

Answered: 1 week ago