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"Franks Fabricating uses job costing and applies o...

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"Franks Fabricating uses job costing and applies overhead using a normal costing system and uses direct labor cost as the allocation base. This period's estimated overhead cost is $100,000 and estimated direct labor cost of $50,000 and 2,500 direct labor hours. Direct Direct Direct Materials Labor Cost Labor Hours Job 200 $ 500 $ 800 40 Job 201 350 200 10 Job 202 1,000 600 30 Reference: Ref 5-1 What is the overhead allocation rate? 30% 50% 60% 200%O'Hare Sisters Manufacturing uses job costing and applies overhead using a normal costing system using direct labor hours as the allocation base. This period's estimated overhead cost is $400,000, estimated direct labor cost is $500,000 and estimated direct labor hours are 25,000. This period actual overhead cost was $420,000, actual direct labor cost was $390,000, and actual direct labor hours were 20,000. Direct Direct Direct Materials Labor Cost Labor Hours Job 400 $ 200 $ 800 40 Job 401 250 200 10 Job 402 500 600 32 Reference: Ref 5-2 What is the total manufacturing cost of Job 400? $1,200 $1,320 $1,000 $1,640 9(M/C) Kelita's Kar Kare Kompany had the following cost and inventory data for the month.? Reference: Ref 5-5 What were the direct materials available for the month? $7,800 $4,500 $6,300 $6,000 ? 11(M/C) Kelita's Kar Kare Kompany had the following cost and inventory data for the month.? Reference: Ref 5-5 Assume that the total production costs incurred for the month were $15,000. What was the cost of jobs completed? $19,050 $15,450 $15,000 $14,550 Asadi Company uses a job costing system and allocates overhead using an estimated overhead allocation rate based on direct labor hours. Information for 20x5 is as follows: Estimated Actual Manufacturing overhead $166,500 $165,000 Direct labor hours 50,000 60,000 ? ? ? Reference: Ref 5-6 The overhead allocated to work-in-process during 20x5 before the year-end adjustment was $165,000 $199,800 $166,500 $198,000 15(M/C) Asadi Company uses a job costing system and allocates overhead using an estimated overhead allocation rate based on direct labor hours. Information for 20x5 is as follows: Estimated Actual Manufacturing overhead $166,500 $165,000 Direct labor hours 50,000 60,000 ? ? ? Reference: Ref 5-6 The amount of over- or underapplied overhead for 20x5 was $34,800 overapplied $3,000 underapplied $1,500 overapplied $1,500 underapplied" - Sent to Accounting Expert Tutor on 4/2/2011 at 3:50pm

 

Paper#6255 | Written in 18-Jul-2015

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