Showing 161 to 170 of 1455 Questions
  • Blaine Corp. makes floats for Mardi Gras in New Orleans. The company’s fiscal year ends on March 31. On January 1, 2013, the company’s WIP Inventory account appeared as follows:The direct labor cost contained in the beginning balance of WIP Inventory was for a total of 15,200 direct labor hours (DLHs). During January, 7,600 DLHs were

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    47
  • Blakely Company estimates that total factory overhead costs will be $160,000 for the year. Direct labor hours are estimated to be 20,000. For Blakely Company (a) Determine the predetermined factory overhead rate, (b) Determine the amount of factory overhead applied to Jobs 50 and 51 in October using the data on direct labor hours from Pra

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    164
  • Blue Plate Construction organized in December and recorded the following transactions during its first month of operations:Dec. 2 Purchased materials on account for $400,000. Dec. 3 Used direct materials costing $100,000 on job no. 100. Dec. 9 Used direct materials costing $150,000 on job no. 101. Dec. 15 Used direct materials costi

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    26
  • Bluebird Manufacturing makes carrying cases for portable electronic devices. It’s costing records yield the following information:Requirements 1. Which type of costing system is Bluebird using? What piece of data did you base your answer on? 2. Use the dates in the table to identify the status of each job. Compute Bluebird’s account

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    9
  • Bob and Beth Ford retired from the food services industry and began catering wedding receptions on a limited basis. The major costs in setting up their business included: linens, $1,200; two complete silver services, $1,000; glass plates and cups, $1,400; and cake-decorating tools and accessories, $600. It is expected that all of these it

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    30
  • Bonivo Inc. manufactures computers from commodity components to client specifications. The company has historically tracked only the cost of components to computers, and computer selling prices, or bids, have been based solely on the cost of components plus a markup sufficient to cover the other operating costs. In recent years, the compa

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    169
  • Bonivo Inc. manufactures computers from commodity components to client specifications. The company has historically tracked only the cost of components to computers, and computer selling prices, or bids, have been based solely on the cost of components plus a markup sufficient to cover the other operating costs. In recent years, the compa

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    9
  • Boston Heating & Cooling installs and services commercial heating and cooling systems. Boston uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Boston estimated that its overhead for the coming year would

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    19
  • Bowen Bridge Company constructs bridges for the State of Kentucky. During 2010, Bowen started work on three bridges. The cost of materials and labor for each bridge follows. The predetermined overhead rate is $1.20 per direct labor dollar. Actual overhead costs were $2,170,800. Bridge 306 was completed for a contract price of $1,357,000

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    156
  • Bradley Company’s predetermined overhead rate is 200% of direct labor. Information on the company’s production activities during September 2009 follows.a. Purchased raw materials on credit, $250,000.b. Paid $168,000 cash for factory wages.c. Paid $22,000 cash for miscellaneous factory overhead costs.d. Materials requisitions record us

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    429
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