|Bakker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined
overhead rate on total estimated overhead of $104,720 and 3,400 estimated direct
labor-hours. Actual manufacturing overhead for the year amounted to $106,520 and
actual direct labor-hours were 3,200.
|The applied manufacturing overhead for the year was: (Round your intermediatecalculations to 2 decimal places.)|
|A direct labor worker at Cogswell Corporation is paid $24 per hour for regular time andtime and a half for all work in excess of 40 hours per week. The company’s fringe
benefits cost $7 for each hour of employee time (both regular and overtime). Last
week this employee worked 44 hours but was idle for 4 hours due to material
shortages. The company treats all fringe benefits relating to direct labor as added
direct labor cost and the remainder as part of manufacturing overhead.
|Determine how much of the worker’s wages for the week would be classified as directlabor cost and how much would be classified as manufacturing overhead cost. (Do not
round intermediate calculations. Round your final answer to the nearest dollar.
Omit the “$” sign in your response.)
- Job 731 was recently completed. The following data have been recorded on its job cost sheet:
|Direct labor wage rate||$ 19||per labor-hour|
|The company applies manufacturing overhead on the basis of machine-hours.The predetermined overhead rate is $20 per machine-hour. The total cost that would
be recorded on the job cost sheet for Job 731 would be:
|Crinks Corporation uses direct labor-hours in its predetermined overhead rate. Atthe beginning of the year, the estimated direct labor-hours were 13,200 hours and
the total estimated manufacturing overhead was $337,920. At the end of the year,
actual direct labor-hours for the year were 12,800 hours and the actual manufacturing
overhead for the year was $323,490. Overhead at the end of the year was:
(Round your intermediate calculations to 2 decimal places.)
|The following data have been recorded for recently completed Job 674 on its jobcost sheet. Direct materials cost was $2,117. A total of 34 direct labor-hours and 224
machine-hours were worked on the job. The direct labor wage rate is $14 per
labor-hour. The company applies manufacturing overhead on the basis of
machine-hours. The predetermined overhead rate is $16 per machine-hour. The total
cost for the job on its job cost sheet would be:
6. The Donaldson Company uses a job-order costing system. The following data were recorded for July:
|Work in Process||Added During July|
|Overhead is applied to jobs at the rate of 70% of direct materials cost. Jobs 475,477, and 478 were completed during July and transferred to finished goods. Jobs 475
and 478 have been delivered to the customer. Donaldson’s Work in Process inventory
balance on July 31 was:
|Malcolm Company uses a predetermined overhead rate based on direct labor-hoursto apply manufacturing overhead to jobs.|
|On september 1, the estimates for the month were:|
|During september, the actual results were:|
|The cost records for September will show: (Round your intermediate calculations to 2 decimal places.)|
|Overapplied manufacturing overhead of $3,050|
|Under applied manufacturing overhead of $3,050|
|Under applied manufacturing overhead of $1,790|
|Overapplied manufacturing overhead of $1,790|
|Straley Inc. has provided the following data for the month of February.There were no beginning inventories; consequently, the direct materials, direct labor,
and manufacturing overhead applied listed below are all for the current month.
|Manufacturing overhead for the month was overapplied by $3,400.|
|The company allocates any underapplied or overapplied manufacturing overheadamong work in process, finished goods, and cost of goods sold at the end of the
month on the basis of the overhead applied during the month in those accounts.
Provide the journal entry that would record the allocation of nderapplied or overapplied among work in process, finished goods, and cost of goods sold.
|Snappy Company has a job-order costing system and uses a predeterminedoverhead rate based on direct labor-hours to apply manufacturing overhead to
jobs. Manufacturing overhead cost and direct labor hours were estimated at $69,000
and 30,000 hours, respectively, for the year. In July, Job #334 was completed at a cost
of $2,010 in direct materials and $1,800 in direct labor. The labor rate is $6 per hour.
By the end of the year, Snappy had worked a total of 35,500 direct labor-hours and
had incurred $79,350 actual manufacturing overhead cost.
|Snappy’s manufacturing overhead for the year was: (Round intermediatecalculations to 2 decimal places.)|