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1 content is 1732645 question 21 18 16 : 3 25 14 15 12 * Kine Manufacturing has the following barco Factory-Gross wages $450.000 Employer Payroll Taxes Payable 50,000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory labor for $0.00 SU 80 e * TERM BRADUATION Ims.clsubail.gov.sa/webappassement/altake pleurement 37816 Incone 5SAO in content - 173265 questionsumo... 26 18 16 73 20 21 383 1.5 Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the un coverapplication of overhead for the period Estimated annual overhead cost $1,600,000 Actual annual overhead cost $1,540,000 Estimated machine hours 400,000 Actual machine hours 380,000 applied and $20,000 overapplied $1,520,000 applied and $20,000 overapplied $1,600,000 applied and $20,000 underapplied $1,520,000 applied and neither under- nor overapplied $1,463,000 O O EXAMMATION * Ims.cisjubail.gov.sa/webapp assessment/ke/akejsp?course assessment id 37816 1 course de 3540818.content id1732645 1 questionum Axeoto... 2 Lott Company specializes in manufacturing a unique model of a bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (100% of its full capacity). Lott's monthly manufacturing cost and other expense data are as follows Rent on factory equipment $ 9,000 Insurance on factory building 1.500 Raw materials (plastics, polystyrene, etc.) 75.000 Utility costs for factory 900 Supplies for general office 300 Wages for assembly line workers 53,000 Depreciation on office equipment 800 Miscellaneous materials (glue, thread, etc.) 1.100 Factory manager's salary 5.700 Property taxes on factory building 400 Advertising for helmets 14 000 Sales commissions 10,000 Depreciation on factory building 1.500 From the data above calculate Total cost of Direct Materials (1 Total cost of Direct Labor (2 Total period cost (3 O. EN 11/1/ X TERM EXAMINATION 2 Ims.cisjubail.gov.sa/webapps/assessment/take/takejsp?course assessment id-37816 18 course id-5540818 content id. 1732645 18 question pum_11x =* : 3 11 I 11 | 11 Kimble Company applies overhead on the basis of machine-hours. Given the following data, compute overhead applied and the un Coverapplication of overhead for the period Estimated annual overhead cost $1,600,000 Actual annual overhead cost $1,540,000 Estimated machine hours 400.000 Actual machine hours 380.000 applied and $20,000 overapplied $1,520,000 applied and $20,000 overapplied $1,600,000 applied and $20,000 underapplied S1,520,000 applied and neither under nor overapplied $1,463,000 11 38 4 + EN TRADUATION Ims.cbal.gov.sa/webappassessment/sk/kapcoursesment 37816 1 course id. 354081.contents 1732645 1 question sum 12x ... : 27 63 dants Alami Accounting perform two types of services Audit and T. Alan's estimated Overhead costs $20.000 Cary, Nani is wing aditional costing in wings overhead cost which adopts DIRECT LABOR COSTS scos divers More information on the two services is Audit Direct labor cost $50 260 $36,539 CPU minutes 40.363 10.062 Legal hours used 224 How much is the overhead applied to AUDIT SERVICES using TRADITIONAL COSTING? Write the answer in the box below IMPORTANT WRITE YOUR ANSWER TO THE CLOSEST 2 DECIMAL POINTS 38123 G ! * Ims.cisjubail.gov.sa/webapp/assessment/take/take picourse assessment id 37816 1 course id-55408 1a content i 1732645 18 questionnum 160.A 37 37 18 12 | | 16 3 16 1 Kine Manufacturing has the following labor costs Factory-Gross wages $450,000 Employer Payroll Taxes Payable 50.000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for 40 0 * 00 00 D 16 18 // TOM BAMBUTION Ims.cisjubail.gov.sa/webapps/assessment/te/kesplourse assessment - 378161.counted-55408 hent 17326A5 questionum : Alami Accounting performs two types of services, Audit, and Tax. It uses computer support and legal support as its 2 main activity cost pools CPU minutes and legal hours are being used as the activity cost drivers for the two cost pools respectively Alami's overhead allocation is done as follows computer support, $240,237, and legal support, $120,396 More information on the two services is Audit Tax Direct labor cost $50,345 $23,198 CPU minutes 40,119 10,066 Legal hours used 218 948 Calculate the overhead applied to tax services using activity-based costing and write the answer in the box below IMPORTANT .WRITE YOUR ANSWER TO THE CLOSEST 2 DECIMAL POINTS 0 X TERM EXAMINATION : Ims.clsubail.gov.sa/webapps/assessment/take/takejsp?course assessment id 37816 18 course id-55408 1.content_id=1732645 1&question num 29x08 : 36 2 () 18 16 12 11 3 BI 29 38 29 1 As of December 31, 2013, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of 2013, there was $2,000 of materials on hand. During the year, the company purchased $325,000 of materials, however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during 2013 5312000 532400 32500 5313,000 29 38 - EN Ims.clsubail.gov.sa/webapps/assessment/te/take picourse asement - 37816 1 coneid. lhoten 1732545 questionum 28 Alami Accounting performs two types of services, Audit, and Tax It uses computer support and legal support as its 2 main activity cost pools CPU minutes and legal hours are being used as the activity cost drivers for the two cost pools respectively Alami's overhead allocation is done as follows: computer support, $240,058, and legal support, 120.286 More information on the two services is Audit Tax Direct labor cost $50,379 $100 398 CPU minutes 40,343 10,122 Legal hours used 249 818 Alami Accounting performs tax services for Hassan Kane Direct labor cost is $1,244; 606 CPU minutes were used, and 1 legal hour was used ? What is the total cost of the Kane job using activity-based costing !!!IMPORTANT WRITE YOUR ANSWER TO THE CLOSEST 2 DECIMAL POINTS 34 38 Le voix : X TERM EXAMINATION Ims.clsjubail.gov.sa/webapps/assessment/take/takejsp?course assessment_id-37816 18 course id-55408 18.content_id-1732645 1 question num x-t... : 26 3 24 18 16 13 11 12 30 36 34 33 28 27 36 Redman Company manufactures customized desks. It uses machine hours as its basis to calculate the overhead rate The following pertains to Job No 978 Estimated overhead expense $149,600 Expected machine hours used 6,800 Direct materials used $11.450 Direct labor hours worked 360 Direct labor rate per hour $15.00 Machine hours used 300 Calculate the factory overhead rate Compute the total manufacturing cost for Job No. 978 36 . EN