Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with the questions below: 10. Yoshino Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.

image text in transcribedimage text in transcribedimage text in transcribed

Please help me with the questions below:

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
10. Yoshino Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $440,000, variable manufacturing overhead of $2.20 per machine-hour, and 50,000 machine-hours. The estimated total manufacturing overhead is closest to: A) $440,000 B) $1 10,000 C) $440,002 D) $550,000 11. Pedrigal Corporation has two manufacturing departments--Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Casting Finishing Total Estimated total machine-hours (MHs) 2,000 3,000 5,000 Estimated total fixed manufacturing overhead cost $ 9,800 $ 6,300 $ 16,100 Estimated variable manufacturing overhead cost per MH $ 2.00 S 2.40 During the most recent month, the company started and completed two jobs--Job A and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job A Job L Direct materials $ 15,400 $ 9,600 Direct labor cost $ 24,900 $ 6,200 Casting machine-hours 1,400 600 Finishing machine-hours 1,200 1,800 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job L is closest to: A) $9,600 B) $6,200 C) $28,904 D) $13,104 12. Loi Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $90,000, variable manufacturing overhead of $3.70 per direct labor-hour, and 50,000 direct labor-hours. The company recently completed Job M800 which required 150 direct labor-hours. The predetermined overhead rate is closest to: A) $1.80 per direct labor-hour B) $5.50 per direct labor-hour C) $9.20 per direct labor-hour D) $3.70 per direct labor-hour13. Bolton Corporation uses ajob-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The oompan}:r based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 40,000 Total xed manufacturing overhead cost $ 96,000 Variable manufacturing overhead per direct labor-hour $ 3.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 20 Total direct labor-hours 100 Direct materials $ '15 5 Direct labor cost 5 4,000 The unit product cost for Job P951 is closest to: A) $23175 B} $264.75 C) $64.75 D) $52.95 8. The following costs were incurred in May by Quintero Co: Direct materials $ 41,000 Direct labor $ 13,000 Manufacturing overhead $ 46,000 Selling expenses $ 18,000 Administrative expenses $ 15,000 Conversion costs during the month totaled: A) $54,000 B) $133,000 C) $59,000 D) $87,000T. Sebastian lCorporation's relevant range of activity is 3,000 units to 1000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials 5 5.20 Direct labor 5 3.?5 Variable manufacturing overhead 5 1.65 Fixed manufacturing overhead 5 2.60 Fixed selling expense 5 0.50 Fixed administrative expense 5 0.40 Sales commissions S 1.50 Variable administrative expense 5 0.50 If 6,000 units are produced, the total amount of direct manufacturing cost incurred is closest to: A} $39,200 B] 553,500 C} $62,?00 D] $53,700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968

Students also viewed these Accounting questions