Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wings Co. budgeted $565,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine

image text in transcribedimage text in transcribed

Wings Co. budgeted $565,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $ 168,000 14,700 1,550 13,000 Budgeted Level for Cost Driver 4,200 pounds 490 setups 31,000 machine hours 260 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours Inspections 20 hours 230 pounds 40 setups 16,000 machine hours 15 inspections If Wings uses a volume-based overhead rate based on direct labor hours, the manufacturing overhead for Job #971 is: Multiple Choice O $750.00 $1,200.00 $1,578.00. O $4,650.00 $6,312.00 O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guidelines For Laboratory Quality Auditing

Authors: Donald C. Singer, Ronald P. Upton

1st Edition

0824787846, 978-0824787844

More Books

Students also viewed these Accounting questions

Question

socialist egalitarianism which resulted in wage levelling;

Answered: 1 week ago

Question

soyuznye (all-Union, controlling enterprises directly from Moscow);

Answered: 1 week ago