1. Job 910 was recently completed. The following data have been recorded on its

Question

1. Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 2,428 Direct labor-hours 75 labor-hours Direct labor wage rate $ 20 per labor-hour Machine-hours 132 machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $21 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:

Multiple Choice

$3,928

$7,540

$4,024

$6,700

2.

Eisentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:

During the current month the company started and finished Job T272. The following data were recorded for this job:

The estimated total manufacturing overhead for the Machining Department is closest to:

Multiple Choice

$75,000

$58,500

$16,500

$85,000

3. Bims

Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 3,200 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 64,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 24,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs.

What were the equivalent units for conversion costs in the Assembly Department for the month?

Multiple Choice

A. 43,200

B. 84,800

C. 55,360

D. 57,600

Machining Customizing Machine-hours 15,000 15,000 Direct labor-hours 14,000 3,000 Total fixed manufacturing overhead cost $ 58,500 $ 14,700 Variable manufacturing overhead per machine-hour $ 1.10 Variable manufacturing overhead per direct labor-hour $ 4.30

Explanation / Answer

1) The total cost that would be recorded on the job cost sheet for Job 910 would be:

so answer is d) $6700

2) Estimated manufacturing overhead of machining department = (15000*1.1+58500) =75000

so answer is a) $75000

3) Equivalent unit = 43200+(24000*60%) = 57600

so answer is d) 57,600

Direct material 2428 Direct labour (75*20) 1500 Applied overhead (132*21) 2772 Total cost of job 6700

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.