Question
Question 12(3.5 points) Baltimore Company uses a job order cost system and applies overhead based on estimated rates.The overhead application rate is based on total
Question 12(3.5 points)
Baltimore Company uses a job order cost system and applies overhead based on estimated rates.The overhead application rate is based on total estimated overhead costs of $360,000 and direct labor hours of 8,200. During the month of February 2019, actual direct labor hours of 8,900 were incurred. Use this information to determine the amount of factory overhead that was applied in February.(round answer to the nearest whole dollar):
Answer:
Question 13(3.5 points)
During March 2019, Annapolis Corporation recorded $43,000 of costs related to factory overhead.Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $42,500 would be incurred, and 5,000 direct labor hours would be worked.During March, 4,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied.(Round answers to the nearest whole dollar.Enter as a positive number if under applied.Enter as a negative number if over applied.)
Answer
Question 14(3.5 points)
On May 21, 2019, Christine worked 4.5 hours on Job A-1, and 3 hours on general "overhead activities."Christine is paid $19 per hour.Overhead is applied based on $24 per direct labor hour.Additionally, on May 21 Job A-1 requisitioned and entered into production $270 of direct material.On May 21, Christine, while working on Job A-1 used $27 of indirect material.Indirect material is included in the overhead application rate.Use this information to determine thetotal cost that should have been recorded in the Work in Process for Job A-1 on May 21?Round your answer to the closest whole dollar.
Answer:
Question 15(3.5 points)
Bethesda Company's April 1, 2019 beginning work in process was 550 units. During April an additional 2,700 units were put into production. At the end of April all units were completed except for 825 units. Use this information to determine number of units completed.
Answer:
Question 16(3.5 points)
On March 1, 2019, Baltimore Company's beginning work in process inventory had 10,000 units. This is its only production department. Beginning WIP units were 50% demonstrate as to conversion costs. Baltimore introduces direct materials at the beginning of the production process.During March, a total of 26,200 units were started and the ending WIP inventory had 10,200 units which were 50% demonstrate as to conversion costs.Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units)
Your Answer:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started