ADM 2341 Lecture Notes - Lecture 5: Direct Labor Cost, Deutsche Luft Hansa

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skycricket871

18 Dec 2015

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Exercise 5-2 (10 minutes: total direct labor-hours required for job a-200: Total manufacturing cost : unit product cost for job a-200: The predetermined overhead rate is computed as follows: Overhead is over applied by ,060 (,060 applied versus. Exercise 5-9 (30 minutes: since ,000 of studio overhead cost was applied to work in. Process on the basis of ,000 of direct staff costs, the apparent predetermined overhead rate was 160%: Total amount of the allocation base ,000 direct staff costs. Recognizing that the predetermined overhead rate is 160% of direct staff costs, the following computation can be made: With this information, we can now complete the job cost sheet for the kareen corporation headquarters project: 22,600: the balance in the work in process account consists entirely of the costs associated with the nguyen project: Total cost in work in process ,500: the balance in the overhead account is determined as follows:

Related Questions

Sweeten Company had no jobs in progress at the beggining ofMarch and no beginning inventories. It started only wo jobs duringMarch - Job P and Job Q. Job P was completed and sold by the end ofthe March and Job Q was incomplete at the end of the March. Thecompany uses a plantwide predetermined overhead rate based ondirect labor hours. The following additional Information isavailible for the company as a whole and as for Jobs P and Q (alldata and questions relate to the month of march)

Estimated total fixed manufacturing overhead $10,000

Estimated variable manufacturing overhead per direct labor hour$1.00

Estimated total direct labor hours to be worked 2,000

Total actual manufacturing overhead costs incurred $12,500

Direct Materials -

Job P - $13,000. Job Q- $8,000

Direct Labor Cost-

Job P- $21,000. Job Q- $7,500

Actual direct labor hours worked

Job P- 1,400. Job Q- 500

1- If job P includes 20 units, what is its unit productcost?

Unit product cost $______________________________

2- What is the total amount of manufacturing cost assigned toJob Qas of the end of March (including applied overhead)?

Total maufacturing cost $_________________________________

maroonmouse70

I need the solution to this question including all steps:

Weaver Company's predetermined overhead rate is $18.00 perdirect labor-hour and its direct labor wage rate is $12.00 perhour. The following information pertins to Job-A-200.

Direct Materials........$200

Direct Labor...........$120

Required:

1. What is the total manufacturing cost assigned to Joba-200?

2. If Job A-200 consists of 50 units, what is the average costassigned to each unit included in the job?

beigemammoth546

2014 Budget

	Machining Department	Finishing Department
Manufacturing overhead costs	$10,000,000		$8,217,000
Direct manufacturing labor costs	$910,000		$4,150,000
Direct manufacturing labor-hours	34,000		175,000
Machine-hours	200,000		33,000

What is the budgeted manufacturing overhead rate in themachiningâ department? In the finishingâdepartment?

During the month ofâ January, theâ job-cost record for Job 431shows theâ following:

	Machining Department		Finishing Department
Direct materials used		$15,000		$5,000
Direct manufacturing labor costs		$500		$1,400
Direct manufacturing labor-hours		50		70
Machine-hours		160		15

Compute the total manufacturing overhead cost allocated to Job431.

Assuming that Job 431 consisted of 300 units ofâ product, whatis the cost perâ unit?

beigemouse271

ADM 2341 Lecture Notes - Lecture 5: Direct Labor Cost, Deutsche Luft Hansa

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