Dacosta Corporation had only one job in process on May 1. Thejob had been charged with $2,300 of direct materials, $6,966 ofdirect labor, and $10,076 of manufacturing overhead cost. Thecompany assigns overhead cost to jobs using the predeterminedoverhead rate of $19.40 per direct labor-hour.
During May, the following activity was recorded:
Raw materials (all directmaterials): Beginning balance $ 9,000 Purchased during the month $ 38,500 Used in production $ 39,800 Labor: Direct labor-hours worked duringthe month 2,400 Direct labor cost incurred $ 25,010 Actual manufacturing overheadcosts incurred $ 33,800 Inventories: Raw materials, May 30 ? Work in process, May 30 $ 17,067
Work in process inventory on May 30 contains $3,831 of directlabor cost. Raw materials consist solely of items that areclassified as direct materials.
The cost of goods manufactured for May was:
Dacosta Corporation had only one job in process on May 1. Thejob had been charged with $2,300 of direct materials, $6,966 ofdirect labor, and $10,076 of manufacturing overhead cost. Thecompany assigns overhead cost to jobs using the predeterminedoverhead rate of $19.40 per direct labor-hour.
During May, the following activity was recorded:
| Raw materials (all directmaterials): | ||
| Beginning balance | $ | 9,000 |
| Purchased during the month | $ | 38,500 |
| Used in production | $ | 39,800 |
| Labor: | ||
| Direct labor-hours worked duringthe month | 2,400 | |
| Direct labor cost incurred | $ | 25,010 |
| Actual manufacturing overheadcosts incurred | $ | 33,800 |
| Inventories: | ||
| Raw materials, May 30 | ? | |
| Work in process, May 30 | $ | 17,067 |
Work in process inventory on May 30 contains $3,831 of directlabor cost. Raw materials consist solely of items that areclassified as direct materials.
The cost of goods manufactured for May was:
Related questions
3 Dapper Corporation had only one job in process on May 1. Thejob had been charged with $1,310 of direct materials, $3,440 ofdirect labor, and $6,060 of manufacturing overhead cost. Thecompany assigns overhead cost to jobs using the predeterminedoverhead rate of $16.40 per direct labor-hour. During May, thefollowing activity was recorded: Raw materials (all directmaterials): Beginning balance $ 10,100 Purchased during the month$21,700 Used in production $29,300 Labor: Direct labor-hours workedduring the month 2,250 Direct labor cost incurred $29,700 Actualmanufacturing overhead costs incurred $35,600 Inventories: Rawmaterials, May 30 ? Work in process, May 30 $14,200 Work in processinventory on May 30 contains $3,036 of direct labor cost. Rawmaterials consist solely of items that are classified as directmaterials. The balance in the raw materials inventory account onMay 30 was: $2,500 $3,020 $2,380 $2,620
8...At an activity level of 9,400 machine-hours in a month,Nooner Corporation's total variable production engineering cost is$828,140 and its total fixed production engineering cost is$222,300. What would be the total production engineering cost perunit, both fixed and variable, at an activity level of 9,500machine-hours in a month? Assume that this level of activity iswithin the relevant range. (Do not round intermediatecalculations.) |
$111.15
$110.61
$111.50
$111.68
10....
10.Meyers Corporation had the following inventory balances atthe beginning and end of November:
| November 1 | November 30 | ||||
| RawMaterials | $ | 40,000 | $ | 18,000 | |
| Finished Goods | $ | 110,000 | $ | 75,000 | |
| Work in Process | $ | 16,000 | $ | 25,000 | |
11.
The actual direct labor-hours worked during November totaled:(Round your answers to the nearest dollar.) |
6,667 hours
6,111 hours
7,857 hours
8,571 hours
Dillon Corporation applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost. Any under or overapplied manufacturing overhead cost is closed out to Cost of Goods Sold at the end of the month. During May, the following transactions were recorded by the company:
| Raw materials (all direct materials): | |
| Purchased during the month | $38,000 |
| Used in production | $35,000 |
| Labor: | |
| Direct labor-hours worked during the month | 3,150 |
| Direct labor cost incurred | $30,000 |
| Manufacturing overhead cost incurred (total) | $24,500 |
| Inventories: | |
| Raw materials (all direct), May 31 | $8,000 |
| Work in process, May 1 | $9,000 |
| Work in process, May 31 | $12,000* |
| *Contains $4,400 in direct labor cost. |
The amount of direct materials cost in the May 31 Work in Process inventory account was:
A) $7,600
B) $2,000
C) $4,300
D) $6,300
Meyers Corporation had the following inventory balances at thebeginning and end of November:
| November 1 | November 30 | ||||
| RawMaterials | $ | 24,000 | $ | 22,000 | |
| Finished Goods | $ | 66,000 | $ | 45,000 | |
| Work in Process | $ | 13,000 | $ | 15,000 | |
During November, $51,000 in raw materials (all direct materials)were drawn from inventory and used in production. The company'spredetermined overhead rate was $10 per direct labor-hour, and itpaid its direct labor workers $11 per hour. A total of 300 hours ofdirect labor time had been expended on the jobs in the beginningWork in Process inventory account. The ending Work in Processinventory account contained $6,000 of direct materials cost. TheCorporation incurred $36,000 of actual manufacturing overhead costduring the month and applied $33,000 in manufacturing overheadcost. |
The actual direct labor-hours worked during November totaled:(Round your answers to the nearest dollar.) |
