a single 10 Sivnet C owehend ateon machime-hours. The company overhead rate for
ID: 2408684 • Letter: A
Question
a single 10 Sivnet C owehend ateon machime-hours. The company overhead rate for based its 5 624. S 3.1 Recently, Job MSS was S 64 $ 9,00 abor cost The unit product cost for Job MS98 is closest to: A) $65.25 B)$16075 $215.25 D) $43.05 1L. In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the cost of goo manufictured is compuned acoonding to which of the following equations? A) Cost of goods manufctured-Total manufacturing costs+ Ending work in process inve tiventory ?) cost ofgoods maná tured Total manufacturing costs + Beginning work in process inventory-Ending wock in process inventory C Cost of goods maufctured Total manufacturing costs+Beginning finished goods inventory- Ending fimished goods inventory D) Cost of goods manufctured-Total manufacturing costs+ Ending finished goods inv Beginning fimished goods inventory 12. A) actual manuficturing overhcad cost is less than estimated manufacturing overhead c B) the amount of manufacturing overhead cost applied to Work in Process is less than t C) the predetermined overhead rate is too high. D) the Manufacturing Overhead account will have a credit balance at the end of the yExplanation / Answer
10. C. $215.25
Total cost for 60 units
Fixed Manufacturing OH cost = $624000/80000 HRS * 300 HRS = $2340
Variable Manufacturing OH cost = $3.10 * 300 HRS = $930
Direct material = $645
Direct labour = $9000
Total = $12945
Cost per unit = $12945/60 units = $215.25
11. Cost of goods manufactured = Total manufacturing costs + beginning work-in-process inventory - ending work- in-process inventory.
12. The amount of manufacturing overhead cost applied to Work in Process is less than the actual manufacturing overhead cost incurred.
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