Showing 161 to 170 of 1705 Questions
  • Baucom Manufacturing Corporation was started with the issuance of common stock for $50,000. It purchased $7,000 of raw materials and worked on three job orders during 2012 for which data follow. (Assume that all transactions are for cash unless otherwise indicated.)Factory overhead is applied using a predetermined overhead rate of $0.60

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    693
  • Baxter Products produces touch screens for use in various smartphones. The company reports the following information at December 31. Baxter Products began operations on January 31 earlier that same year.Requirements 1. What is the cost of direct materials used? 2. The cost of indirect materials used? 3. What is the cost of direct labor?

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    22
  • Bayou Machinery Works budgets to spend a total of $1,200,000 on manufacturing overhead during the coming year. Of this amount, Bayou expects fixed overhead to be $500,000. Bayou applies overhead to jobs based on machine hours and expects to generate business for 10,000 machine hours in the coming year.Required:a. Calculate Bayou’s prede

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    128
  • Bell Company’s fiscal year ends on June 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year.Other data:1. On July 1, two jobs were in process: Job No. 4085 and Job No. 4086, with costs of $19,000 and $13,200, respectively. 2. During July, Job Nos. 4087, 4088, and 4089

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  • Bell Company’s fiscal year ends on June 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year.Other data:1. On July 1, two jobs were in process: Job No. 4085 and Job No. 4086, with costs of $19,000 and $8,200, respectively.2. During July, Job Nos. 4087, 4088, and 4089 we

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    365
  • Bell Printing Company specializes in wedding in wedding invitations. Bell needs information to budget next year’s activities. Write yes or no to indicate whether each of the following costs is likely to be available in the company’s product costing system:1. Cost of paper and envelopes 2. Printing machine setup costs 3. Depreciation o

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    312
  • Beltran Corporation produces wooden and aluminum baseball bats. In preparing the current budget, Beltran's management estimated a total of $500,000 in manufacturing overhead costs and 10,000 machine hours for the coming year. In December, Beltran's accountants reported actual manufacturing overhead incurred of $650,000 and 10,500 machine

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  • Ben Reese is a painter for a small manufacturing plant. Sometimes he works directly on the product and sometimes he performs routine maintenance on the plant’s three buildings. He is paid $11.50 an hour and fills out a time sheet at the end of each week. His supervisor then fills in the specific jobs that will be charged with Ben’s ti

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    262
  • Ben Whitney manufactures holiday decorations. Overhead is applied to products based on direct labor hours. Last year, total overhead costs were expected to be $85,000. Actual overhead costs totaled $88,750 for 8,400 actual hours. At the end of the year, overhead was underapplied by $4,750.RequiredA. Calculate the predetermined overhead ra

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  • Bender Automotive Works Inc. manufactures a variety of front-end assemblies for automobiles. A front-end assembly is the unified front of an automobile that includes the headlamps, fender, and surrounding metal/plastic. Bender has two producing departments: Drilling and Assembly. Usually, the front-end assemblies are ordered in batches of

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    218