Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help thank you 15) Iglesias Inc. completed Job 12 on November 30. The details of Job 12 are given below irect labor cost $1,10

image text in transcribed

please help thank you

15) Iglesias Inc. completed Job 12 on November 30. The details of Job 12 are given below irect labor cost $1,10 23 hour ined overhead allocation rate $80 per machine hou rect materials cost chine hours irect labor hours redetermi What is the total cost of Job 12? B) 51,960 C) $1,580 D) $1,820 incurred during the year a re as follows: ndirect materials ndirect labor $2,000 lant depreciation $4,300 lant utilities and insurance $9,900 ther t overhead costs $12,100 otal machine hours used during year 7,100 hours What is the amount of manufacturing overhead cost allocated to Work-in-Process Inventory during the year? A) $41,000 B) $7,600 C) $33,400 D) $37,275 12) Forsyth, Inc. uses estimated direct labor hours of 240,000 and estimated manufacturing overhead costs of $1,150,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: Actual manufacturing overhead $800,000 Allocated manufacturing overhead$900,000 The number of direct labor hours worked during the period was (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) A) 240,000 hours B) 187,891 hours C) 167,015 hours D) 213,333 hours

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

Students also viewed these Accounting questions