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What is the answer or solutions to Chapter 3, Case 3-61 KidCo Inc pages 128-129 of the Managerial Accounting : Creating Value in a Dynamic
What is the answer or solutions to Chapter 3, Case 3-61 KidCo Inc pages 128-129 of the Managerial Accounting : Creating Value in a Dynamic Environment 10th Global Edition by Ronald Hilton? Thank you so much.
Cases Case 3-61 interpreting Information from furnishings. The company uses a job-order costing system. KidCo's work-in-process inventory at the a Job-Order Costing Systemend of November consisted of the following jobs (LO 3-1, 3-2, 3-3, 3-4, 3-5, 3-6) Liliana Richmond started KidCo, Inc. in Albuquerque, New Mexico to produce affordable children's Job No. CBS102 PLP086... DRS114 Description Cribs Units Cribs...20,000 Playpens15,000 Dressers25,000 Accumulated Cost 2. Manufactring overhead rate: $7.50 per hour 3. Value of finished-goods inventory on 12/31: $455,600 $ 900,000 420,000 250,000 $1,570,000 Total The company's November 30 finished-goods inventory, which is valued using the FIFO (first- in, first-out) method, consisted of five items. Item Cribs Strellers Carriages . Dressers Playpens.19,400 units $35 each. Quantity and Unit Cost $64 each Accumulated Cost 7,500 units 13,000 units 11,200 units 21,000 units $ 480,000 299,000 1,142,400 1,155,000 679,000 $3 755,400 $23 ach. $102 each $55 each Total KidCo applies manufacturing overhead on the basis of direct-labor hours. The company's overhead budget for the year totals $4,500,000. The company plans to use 600.000 direct-labor hours during this period, which is the firm's estimated practical capacity. Through the first 11 months of the year, a total of 555,000 direct-labor hours were worked, and total overhead amounted to $4,273,500 Cases Case 3-61 interpreting Information from furnishings. The company uses a job-order costing system. KidCo's work-in-process inventory at the a Job-Order Costing Systemend of November consisted of the following jobs (LO 3-1, 3-2, 3-3, 3-4, 3-5, 3-6) Liliana Richmond started KidCo, Inc. in Albuquerque, New Mexico to produce affordable children's Job No. CBS102 PLP086... DRS114 Description Cribs Units Cribs...20,000 Playpens15,000 Dressers25,000 Accumulated Cost 2. Manufactring overhead rate: $7.50 per hour 3. Value of finished-goods inventory on 12/31: $455,600 $ 900,000 420,000 250,000 $1,570,000 Total The company's November 30 finished-goods inventory, which is valued using the FIFO (first- in, first-out) method, consisted of five items. Item Cribs Strellers Carriages . Dressers Playpens.19,400 units $35 each. Quantity and Unit Cost $64 each Accumulated Cost 7,500 units 13,000 units 11,200 units 21,000 units $ 480,000 299,000 1,142,400 1,155,000 679,000 $3 755,400 $23 ach. $102 each $55 each Total KidCo applies manufacturing overhead on the basis of direct-labor hours. The company's overhead budget for the year totals $4,500,000. The company plans to use 600.000 direct-labor hours during this period, which is the firm's estimated practical capacity. Through the first 11 months of the year, a total of 555,000 direct-labor hours were worked, and total overhead amounted to $4,273,500Step by Step Solution
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