Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Rosenthal company manufactures bowling balls

14/10/2021 Client: muhammad11 Deadline: 2 Day

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $300,000 for the year, and machine usage is estimated at 125,000 hours.
For the year, $322,000 of overhead costs are incurred and 130,000 hours are used.

Instructions
(a) Compute the manufacturing overhead rate for the year.
(b) What is the amount of under-or overapplied overhead at December 31?
(c) Prepare the adjusting entry to assign the under-or overapplied overhead for the year to cost of goods sold.

2)

Crawford Corporation incurred the following transactions.
1. Purchased raw materials on account $46,300.
2. Raw materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials.
3. Factory labor costs incurred were $59,900, of which $51,000 pertained to factory wages payable and $8,900 pertained to employer payroll taxes payable.
4. Time tickets indicated that $54,000 was direct labor and $5,900 was indirect labor.
5. Manufacturing overhead costs incurred on account were $80,500.
6. Depreciation on the company’s office building was $8,100.
7. Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8. Goods costing $88,000 were completed and transferred to finished goods.
9. Finished goods costing $75,000 to manufacture were sold on account for $103,000.

Instructions
Journalize the transactions. (Omit explanations.)

3)

Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year.
Estimated overhead …………………………… $960,000
Actual overhead ………………………………. $982,800
Estimated decorator hours ……………………. 40,000
Actual decorator hours ……………………….. 40,500
The company uses Operating Overhead in place of Manufacturing Overhead.

Instructions
(a) Compute the predetermined overhead rate.
(b) Prepare the entry to apply the overhead for the year.
(c) Determine whether the overhead was under-or overapplied and by how much.

4)

Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2014, the following estimates were made for the year.

During January, the job cost sheets showed the following costs and production data.

predetermined overhead rate for each department.
(b) Compute the total manufacturing costs assigned to jobs in January in each department.
(c) Compute the under- or over applied overhead for each department at January31.

5)

The ledger of American Company has the following work in process account.

Production records show that there were 400 units in the beginning inventory, 30% complete, 1,600 units started, and 1,700 units transferred out. The beginning work in process had materials cost of $2,040 and conversion costs of $1,550. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

Instructions
(a) How many units are in process at May 31?
(b) What is the unit materials cost for May?
(c) What is the unit conversion cost for May?
(d) What is the total cost of units transferred out in May?
(e) What is the cost of the May 31inventory?

6)

The Blending Department of Luongo Company has the following cost and production data for the month of April.
Costs:
Work in process, April 1
Direct materials: 100% complete ……………… $100,000
Conversion costs: 20% complete ……………… 70,000
Cost of work in process, April 1 …………….… $170,000
Costs incurred during production in April
Direct materials ………………………………... $ 800,000
Conversion costs ………………………………. 365,000
Costs incurred in April ………………………… $1,165,000
Units transferred out totaled 17,000. Ending work in process was 1,000 units that are 100% complete as to materials and 40% complete as to conversion costs.

Instructions
(a) Compute the equivalent units of production for
(1) Materials and
(2) Conversion costs for the month of April.
(b) Compute the unit costs for the month.
(c) Determine the costs to be assigned to the units transferred out and in ending work in process.

7)

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 7,000 units fnished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $33,000; labor $21,000; and overhead $36,000.

Instructions
Prepare a production cost report.

8)

Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2012 are presented below.
Production Data June
Beginning work in process units ……………….. –0–
Units started into production …………………… 22,000
Ending work in process units …………………… 2,000
Percent complete—ending inventory …………… 40%
Cost Data
Materials ………………………………………… $198,000
Labor …………………………………………….. 53,600
Overhead ………………………………………… 112,800
Total …………………………………………….. $364,400

Instructions
(a) Prepare a schedule showing physical units of production.
(b) Determine the equivalent units of production for materials and conversion costs.
(c) Compute the unit costs of production.
(d) Determine the costs to be assigned to the units transferred and in process for June.
(e) Prepare a production cost report for the Molding Department for the month of June.
ACC 560 Week 2 Homework ACC560 Week 2 Homework

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Isabella K.
High Quality Assignments
Write My Coursework
Helping Engineer
Calculation Master
Engineering Solutions
Writer Writer Name Offer Chat
Isabella K.

ONLINE

Isabella K.

I am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You

$33 Chat With Writer
High Quality Assignments

ONLINE

High Quality Assignments

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$29 Chat With Writer
Write My Coursework

ONLINE

Write My Coursework

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$40 Chat With Writer
Helping Engineer

ONLINE

Helping Engineer

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$45 Chat With Writer
Calculation Master

ONLINE

Calculation Master

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$21 Chat With Writer
Engineering Solutions

ONLINE

Engineering Solutions

I will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices.

$42 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Delta airlines 10k report 2017 - Christopher Columbus - Resolvedd strategy - Starbucks training and development - Roy vagelos attacks river blindness - Boles v sun ergoline inc - Ben and jerry's marketing strategy - Threshold concepts in women's and gender studies - His 200 writing plan progress check 3 - Objects that i've shoved up my arse lyrics - Return on common stockholders equity ratio formula - Iron man essay in english - Cover letter for criminal justice graduate - Hp virtual connect default password - Week 8 discussion - What is the cost of the may 31 inventory - Upside down t math - Réponse nope quiz question 51 à 60 - Technology Advancement – Challenges and Changes - Small hunter class rules - Karen ho liquidated chapter summary - Shun fei sf 6102 - Esl syllabus for adults - Brave new world questions - 47a esplanade henley beach south home lottery - How to convert a logarithmic equation to an exponential equation - Perforated metal sheet screwfix - Thompson wood products has credit sales of - Diz co is a us based mnc - How to read a station model - Wife of bath's tale nevill coghill translation - Play doh rock cycle - Which of the following statements about ratios is true - Airmyn park primary school - Construction industry institute membership - Biocon india group case study - Examples of stressed and unstressed syllables - Frank auerbach drawing technique - Database approach to data management - California cocktail antidepressant - Exp 105 week 3 discussion 1 - Brave new world shakespeare meaning - Henley high school term dates - Reflection on Your Learning Strategy - The fall of the house of usher answers - Given the business rule an employee may have many degrees - Chapter summary - Connected Access Control - Bad tenants rogue landlords ozzy - Www elsevier com locate comphumbeh - Psychotherapy With group - Factors affecting obedience psychology wizard - Conflict resolution in nursing scenarios - What is a term deposit westpac - Reaction essay word limit of 100-120 words - Graduate school comparison worksheet - How to cite mbti results in apa format - Rpc server is unavailable uipath - Michael moss the extraordinary - Rhetorical analysis of a public document - English - How to find terminal point of vector - Bca sound insulation requirements - Assignment - An elevator starts at the basement with 8 - Organizational culture and ethical decision making - 2 short paras 150 each - Toggle mechanism mechanical advantage - Garbage record book entries example - What is biological weathering for kids - 118 hickman street ballarat - How the smartphone destroyed a generation - Boosey & co serial numbers - PMS Integration - Definition of special education by kirk and gallagher - Prove the following arguments - Integrative apologetics is best understood as - Huang company's last dividend was $1.25 - Estidama requirements for building - Revise Prospectus draft in accordance with instructor's comment - Effectiveness of criminal investigation process - Learnonline canberra edu au - Massacre at mystic worksheet answers - What is a dramatic question in a play - Imvic test for salmonella - Organizational Policies and Practices to Support Healthcare Issues - Rough Draft I ... - Real estate finance and investments edition - What is data converted into a meaningful and useful context - Twelve angry men monologue - Which of the following is not a cost classification - Background of to kill a mockingbird - Size of a6 in inches - The stone angel sparknotes - Project - Hrm 300 apply training needs assessment exercise - Noredink cheat sheet arranging a sentence in either voice - Improvement Plan - Assignment: Practicum: Decision Tree (Due in Week 4) - 4 arkhurst road hideaway bay