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Thach Corporation uses a job-order casting system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for
Thach Corporation uses a job-order casting 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 $665.000. variable manufacturing overhead of 53.00 per machine-hour and 70.000 machine-hours. Recently, Job TJZ1 was completed with the following characteristics: 30 90 Number of units in the job Total machine-hours Direct materials Direct labor cost $ 630 $2,880 The unit product cost for Job T321 is closest to: A) $117.00 B) S58.50 C) $154.50 D) 551.50 During September at Renfro Corporation, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of: A) $65,000 B) $4,000 so D) $61,000 15. Tesler, Ltd is a sports car manufacturer. Which of the following is a value added cost for Tesler? a. Salary of the plant supervisor b. Cost of Super Bowl advertising e. Wages of hourly assembly line worker - Cost of office supplies
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