Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a
Question:
Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Treating each case independently, find the missing amounts
Transcribed Image Text:
Case 1 Case 2 Case 3 Direct materials used Direct labor Manufacturing overhead appled Total manutacturing costs 20,000 10.000 $ 26,000 $ 45,000 $ 95,000 $ 35,000 Beginning Work in Process 10,000 6,000 Ending Work in process Cost of goods manutactured Beginning Finished Goods Ending Finished Goods 10,000 8,000 $ $ 93,000 $ 36,000 12,000 $ 12,000 15,500 4,000 Cost of goods soid (unadjusted) 37,000 91,000 $
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Case 1 Case 1 Direct Material Used 2000000 Direct Labor 2500000 Manufacturing Overhead Applied 150 Direct Labor 3750000 Total Manufacturing Cost Direc...View the full answer
Answered By
Leah Muchiri
I am graduate in Bachelor of Actuarial Science and a certified accountant. I am also a prolific writer with six years experience in academic writing. My working principle are being timely and delivering 100% plagiarized free work. I usually present a precised solution to every work am assigned to do. Most of my student earn A++ GRADE using my precised and correct solutions.
4.90+
52+ Reviews
125+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Question Posted:
Students also viewed these Managerial Accounting questions
-
East Lake Corporation uses a job order costing system and applies manufacturing overhead using a predetermined overhead rate. The following data are available. 1. Compute the predetermined overhead...
-
Par Carts, Inc., produces special-order golf carts, so Par Carts uses a job order costing system. Overhead is applied at the rate of 90 percent of direct labor cost. The following is a list of...
-
Mystic Inc. uses a job order costing system and applies overhead to jobs at a predetermined rate of $4.25 per direct labor dollar. During April 2010, the company spent $29,600 on direct material and...
-
As the marketing manager for a local shopping center, you are asked to prepare a report outlining the external influences that should be considered in the situation analysis. Describe each category...
-
Replace the three forces acting on the plate by a wrench. Specify the magnitude of the force and couple moment for the wrench and the point P(y, z) where its line of action intersects the plate....
-
A 0.150-kg glider is moving to the right on a frictionless, horizontal air track with a speed of 0.80 m/s. It has a head-on collision with a 0.300-kg glider that is moving to the left with a speed of...
-
Use the expression on page 367, involving deviations from the mean, to calculate \(r\) for the following data: x Y 3 8 6 367 -205
-
The December 31, 2015, unadjusted trial balance for Demon Deacons Corporation is presented below. At year-end, the following additional information is available: a. The balance of Prepaid Rent,...
-
In the supplementary reading "When Do We Know What We Think We Know," http://www.econ.ucla.edu/people/papers/currie/more/ACH.pdf 1: what is the author Currie's perspective on whether evaluations...
-
The mean cost to repair the smoke and fire damage that results from home fires of all causes is $11,389 (HomeAdvisor website, December 2014). How does the damage that results from home fires caused...
-
Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Find the missing amounts by treating each case independently....
-
A piece of equipment was purchased by a company for $10,000 and is assumed to have a salvage value of $3,000 in 10 years. If its value is depreciated linearly from $10,000 to $3,000, find a linear...
-
Treatment of over- or underapplied overhead Kay Company and Way Company base their predetermined overhead rates on machine hours. The following information pertains to the companies most recent...
-
Could you implement Red-Black trees without explicit parent pointers? Describe an alternate approach to implementing Red- Black trees without parent pointers. What is the tradeoff in doing so?
-
1. Write the specification for an ADT SquareMatrix. (A square matrix can be represented by a two-dimensional array with N rows and N columns.) You may assume a maximum size of 50 rows and columns....
-
True or False? An array representing an adjacency matrix has as many elements as there are edges in the graph.
-
Store the values in a hash table with 20 positions, using the division method of hashing and the linear probing method of resolving collisions. 66 47 87 90 126 140 145 153 177 285 393 395 467 566 620...
-
This text book follows the common practice of describing indirect costs as overhead costs. The following extract from the NHS costing manual gives separate definitions to indirect costs and overhead...
-
Aid and development organisations, such as World Vision, have many different programs and campaigns to raise money for the purpose of emergency relief work in specific countries, and for large...
-
On average there are four traffic accidents in a city during one hour of rush-hour traffic. Use the Poisson distribution to calculate the probability that in one such hour there arc (a) No accidents...
-
Using the value of s2 found in Exercise 11.18 (a), construct a 95% confidence interval for y׀85 in Exercise 11.2.
-
With reference to Exercise 11.4, use the value of s2 found in Exercise 11.20(a) to compute (a) A 95% confidence interval for the menu shear resistance when x = 24.5; (b) A 95% prediction interval for...
-
Using the value of s2 found in Exercise 11.19(a) graph the regression line and the 95% confidence bands for the mean response y׀x for the data of Exercise 11.3.
-
What are the vulnerabilities of embedded operating systems, such as, but not limited to, IoT devices, programmable logic devices, and vehicle control systems.
-
Factor the polynomial completely. 7x-17x-12
-
What are some relevant recommendations about Coca-Cola's Planning, Design, and Implementation of an Enterprise Resource Planning System that other companies can apply to their own initiatives?
Study smarter with the SolutionInn App