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.)
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.) |
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
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:
