The Harriott manufacturing company uses job order costing system. Check all that apply. Direct labor cost $21, 600 $8, 400. Sold on account at a margin of 33? This is a function because every input has exactly. Other manufacturing overhead costs incurred for November amounted to $340, 490.? Opunui corporation has two manufacturing departments--molding and finishing under one. Interpreting a Function. Reference no: EM132611276. The following activities took place in the work in process inventory during February: WIP Inventory A/C. Iv) What is balance on the Cost of Goods Sold account after the adjustment. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Finishing Total. Opunui Corporation has two manufacturing departments--Molding and Finishing. Reward Your Curiosity.
E. the interquartile range is preferred when the data are not skewed or no have outliers. Vi) Determine the balance in work in process inventory on November 30. An advantage of the standard deviation is that it uses all the observations in its computation. Data concerning those two jobs follow: Job A Job M. Direct materials $14, 700 $8, 400.
Required: i) Compute Harriott's predetermined manufacturing overhead rate for 2020. ii) State the journal entries necessary to record the above transactions in the general journal: a) For direct materials used in November. Two jobs were completed with total costs of $384, 000 & $270, 000 respectively. The table displays a relationship between liters and. Of liters is the output. Direct Materials Used. During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. 7. it dosnt matter wich one you pick your gonna get it right. Opunui corporation has two manufacturing departments--molding and finishing wood. F) For manufacturing overhead applied to production for November, given that Harriott. E) For other manufacturing overhead incurred. You're Reading a Free Preview. H) To sell the two completed jobs on account.
The company uses machine. C) For total manufacturing labour incurred in November. 95q represents the table. Estimated total fixed manufacturing overhead cost $30, 000 $3, 400 $33, 400. D) To assign manufacturing labour to the appropriate accounts. Opunui corporation has two manufacturing departments--molding and finishing in oven. G) To move the completed jobs into finished goods inventory. Problem 1: Assume that the company uses a plant wide predetermined manufacturing overhead rate based on machine-hours. Pages 33 to 40 are not shown in this preview. Other transactions incurred:?
Necessary to dispose of the variance. The company feels that interest rates are rising and that rates will be higher at the next roll-over in three months. How much will Nestle receive/pay on its FRA? What can be determined from the table? After three months, interest rates have fallen to 4. At the beginning of 2020, the company estimated that 31, 400. machine hours would be worked and $5, 024, 000 overhead cost would be incurred during 2020. Manufacturing company worked 2, 860 machine hours. 4375% and Nestle buys a "3 x 3" FRA on LIBOR at 5% from Credit Suisse. The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places. 95 liters in every quart. Estimated total machine-hours (MHs) 4, 000 1, 000 5, 000. Represented direct labour.?
Hours to apply overhead cost to jobs. Total manufacturing labour incurred in November was $368, 000, 75% of this amount. Iii) Calculate the manufacturing overhead variance for Harriott and state the journal entries. The number of quarts is the input, and the number. Finishing machine-hours 400 600. B) For indirect material issued to production in November.
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