Question
Please answer all questions and show your work! Job 101 has a direct materials cost of $250 and a total manufacturing cost of $2,600. Overhead
Please answer all questions and show your work!
Job 101 has a direct materials cost of $250 and a total manufacturing cost of $2,600. Overhead is applied to jobs at a rate of 200 percent of direct labor cost.
What is the manufacturing overhead cost?
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Assume Gasol Company has direct materials cost of $3,168, direct labor costs of $1,120, manufacturing overhead costs of $1,211. What is Gasol's conversion cost?
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Leonard, Inc., which uses a volume-based cost system, produces cat condos that sell for $111 each. Direct materials cost $13 per unit, and direct labor costs $15 per unit. Manufacturing overhead is applied at a rate of 208% of direct labor cost. Nonmanufacturing costs are $18 per unit. What is the gross profit per unit for the cat condos? (Round your answer nearest whole dollar.)
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Anderson Inc. issued $162,930 in raw materials to production (of the $162,930, $35,420 were not traceable to specific jobs). The debit to Work in Process would be $_____________
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