Answered step by step
Verified Expert Solution
Question
1 Approved Answer
question qs 15-4 - Loctivo Comparing Low product flexibility the current month, a company that uses job order costing purchases S500in then uses $12.000 of
question qs 15-4
- Loctivo Comparing Low product flexibility the current month, a company that uses job order costing purchases S500in then uses $12.000 of raw materials indirectly as factory supplies and $32,000 direct materials. Prepare journal entries to record these three transactions materials tot mw men m loma ng the current month, it company that uses job order costing incurred a monthly factory payroll 10 . Or this amount, 540.000 is classified as indirect labor and the reminder as direct. Prepare Jumal ontries to record these transactions, Libor A company estimates the following manufacturing costs for the next period direct labor, 5468,000, directo materials, $390,000; and factory overhead, S117,000. Compute its predetermined overhead rate as a perfect cent of (1) direct labor and (2) direct materials. Express your answers as percents, rounded to the nearest 3 whole number Ar the beginning of the year, a company predicts total overhead costs of 5560,000. The company applies overhead using machine hours and estimates it will use 1,400 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 13 machine hours during January? At the beginning of the year, a company predicts total direct materials costs of $900,000 and total over head costs of $1,170,000. If the company uses direct materials costs as its activity base to apply overhead, what is the predetermined overhead rate it should use during the year? On Manch e ssmaker starts on the stom-sid ding dresses Y DD - Loctivo Comparing Low product flexibility the current month, a company that uses job order costing purchases S500in then uses $12.000 of raw materials indirectly as factory supplies and $32,000 direct materials. Prepare journal entries to record these three transactions materials tot mw men m loma ng the current month, it company that uses job order costing incurred a monthly factory payroll 10 . Or this amount, 540.000 is classified as indirect labor and the reminder as direct. Prepare Jumal ontries to record these transactions, Libor A company estimates the following manufacturing costs for the next period direct labor, 5468,000, directo materials, $390,000; and factory overhead, S117,000. Compute its predetermined overhead rate as a perfect cent of (1) direct labor and (2) direct materials. Express your answers as percents, rounded to the nearest 3 whole number Ar the beginning of the year, a company predicts total overhead costs of 5560,000. The company applies overhead using machine hours and estimates it will use 1,400 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 13 machine hours during January? At the beginning of the year, a company predicts total direct materials costs of $900,000 and total over head costs of $1,170,000. If the company uses direct materials costs as its activity base to apply overhead, what is the predetermined overhead rate it should use during the year? On Manch e ssmaker starts on the stom-sid ding dresses Y DDStep 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