tst one

Department 1 had no work in process at the beginning of the penod, 18,000 units were completed during the period, and 2,000 units were 30 so completed at the end of the period. The following manufacturing costs were debited to the departmental work in process account during the period. Assume the company uses Fifo and rounds cost per unit to two decimal places. Assuming that all direct materials are placed in process at the beginning of production, the total cost of the 18,000 units completed during the period is a. 5299,500 b. 5199,500 c. $269,550 d. 5256,500 For a period during which the quantity of product manufactured is less than the quantity sold, operating inceme reported under absorption costing wil be smallar than operating income reported under variable costing. True Falie. Sawtooth Leather Company manufoctures lesther handbags and moccavins, Total factory overhead is budgeted for $360,000. For simpliety, the campany has decided to use a single plantwide factory overhead rate to allocate factory overheod based on direct labor hours. Handhags are hudgeted for 60,000 units. Each handbag requirs 2. hours of direct labon. Moccasins are budgeted for 40,000 pairs. Fach pair of moccasins requires 3 hours of direck labor. Determine the amount of factory overbead to be allocated per unit (pair) for esch product. Round your answers to two decimal places. Handbags: Moccasins: per unit per unit Winston Company estimates that the factory overhead for the following year will be $1,084,600. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 31,900 hours. The total machine hours for the year were 54,200 , The actual factory overhead for the year was 51,832,000. Determine the total factory overhead amount applied. Round to the nearest dollar: b. Compute the over-or underapplied amount for the year. Enter the amount as a positive number. c. Journalize the entry to transfer the over-or underapplied factory overhead to cost of goods sold. If an amount box does nok require an entry, leave it blank. Departmental information for the faur departments at Samoa Industries is provided below. The Janitorial and Cafeteria departments are support departments. Samoa uses the sequential method to allocate support department costs, first allocating the couts from the 3anitorial Department to the Cafeteria, Cutting, and Assembly departments 1. Determine the dollar amount of the Janitorial Department costs to be allocated to the: 2. Determine the dollar amount of the Cafeteria Department costs to be allocated to the