1. Adansonii Company applies factory overhead on the basis of direct labor hours. Budget and actual...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. Adansonii Company applies factory overhead on the basis of direct labor hours. Budget and actual data for direct labor and overhead for the year are as follows: Budget Direct labor hours Factory overhead costs The factory overhead for Cherokee for the year is a. overapplied by P20,000 b. overapplied by P40,000 c. underapplied by P20,000 d. underapplied by P40,000 Direct Labor amounted to: a. P50,000 b. P100,000 c. P110,000 d. P130,000 2. Leejo Corp. makes aluminum fasteners. Among its manufacturing costs were: Wages and Salaries: Machine Operators Factory Supervisors Machine Mechanics 600,000 P720,000 a. P2,340 b. P2,205 c. P2,070 d. P1,800 P80,000 P30,000 P20,000 Actual a. P9,000 b. P9,900 c. P8,900 d. P9,500 650,000 P760,000 3. Jose Santos worked 46 hours in one week at a rate of P 45 an hour. He is paid one and a half times the regular rate for hours worked in excess of 40. What is the gross earnings of Jose Santos? 4. Frol G., a production employee is paid P180.00 per hour for a regular work of 40 hours. During the week ended March 23, Froi G worked 50 hours and eamed time and a half for overtime hours. What is the amount that should be charged to Work in Process account if the overtime is charged to production worked on during the overtime hours? 1. Adansonii Company applies factory overhead on the basis of direct labor hours. Budget and actual data for direct labor and overhead for the year are as follows: Budget Direct labor hours Factory overhead costs The factory overhead for Cherokee for the year is a. overapplied by P20,000 b. overapplied by P40,000 c. underapplied by P20,000 d. underapplied by P40,000 Direct Labor amounted to: a. P50,000 b. P100,000 c. P110,000 d. P130,000 2. Leejo Corp. makes aluminum fasteners. Among its manufacturing costs were: Wages and Salaries: Machine Operators Factory Supervisors Machine Mechanics 600,000 P720,000 a. P2,340 b. P2,205 c. P2,070 d. P1,800 P80,000 P30,000 P20,000 Actual a. P9,000 b. P9,900 c. P8,900 d. P9,500 650,000 P760,000 3. Jose Santos worked 46 hours in one week at a rate of P 45 an hour. He is paid one and a half times the regular rate for hours worked in excess of 40. What is the gross earnings of Jose Santos? 4. Frol G., a production employee is paid P180.00 per hour for a regular work of 40 hours. During the week ended March 23, Froi G worked 50 hours and eamed time and a half for overtime hours. What is the amount that should be charged to Work in Process account if the overtime is charged to production worked on during the overtime hours?
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below Sure Here are the answers to your quest... View the full answer
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Posted Date:
Students also viewed these finance questions
-
The treasurer of Tropical Fruits, Inc., has projected the cash flows of Projects A , B , and C as follows: Year Project A Project B Project C 0 $ 1 7 5 , 0 0 0 $ 3 2 5 , 0 0 0 $ 1 7...
-
Pip Squeaks Inc. is a manufacturer of furnishings for infants and children. The company uses a job order cost system. Pip Squeaks Work in Process Inventory on April 30, 2010, consisted of the...
-
Which of the following expressions correctly returns an integer that represents the month of a Local Date object named hireDate? a. GetMonth(hireDate) b. GetMonthValue(hireDate) c....
-
The following financial statement data are for Moonbeam Inc. For 2012 and 2013, compute: (a) Accounts receivable turnover (b) Average collection period (c) Fixed asset turnover Use the average of the...
-
In each of Exercise, we have presented a confidence interval (CI) for the difference, 1 2, between two population means. Interpret each confidence interval. 95% CI is from 20 to 15.
-
For the given table of observed frequencies: a. Compute the row totals, the column totals, and the grand total. b. Construct the corresponding table of expected frequencies. c. Compute the value of...
-
Charles Rubin is a 30-year employee of General Motors. Charles was pleased with recent negotiations between his employer and the United Auto Workers. Among other favorable provisions of the new...
-
4) The weights (in ounces) of 22 Honey Crisp apples are listed below. 4.2 5.2 6.1 6.1 6.2 6.2 6.3 6.3 6.9 7.0 7.1 7.1 7.2 7.3 7.8 8.4 6.4 88 45 8.5 a) What is the five number summary? b) What is the...
-
Again, if only group classes were offered, assuming that all of the costs associated with the running of group classes (including teachers' wages) are fixed costs, and using the maximum rent, average...
-
51 4+ 3 2+ 1 +x -4 -3 -2 -1 1 2 3 4 1 a. limt f(x) = b. limf(x) = c. limf(x)=
-
When three metals, 1, 2, and 3, are illuminated with light of frequency \(f\) in a photoelectric-effect experiment, the relationship of the stopping potential differences is found to be \(V_{\text...
-
The nonuniform volume charge density inside a positively charged solid nonconducting sphere of radius \(R\) is \(ho(r)=ho_{0} r / R\), where \(r\) is the radial distance from the sphere center. (a)...
-
On December 20, Zee Company, an office-supply company, placed an order for goods from Papyrus Company, a paper manufacturer. Zee wanted the goods to be shipped only in March the next year (FOB...
-
A uniform film of a material that has index of refraction 1. 30 covers the front surface of a pane made of glass with index of refraction 1. 55 . When a beam of monochromatic light initially...
-
When 550-nm light passes through a thin slit and then travels to a screen, the first-order dark fringe in the interference pattern is at \(32.5^{\circ}\) from the center of the screen. When a beam of...
-
classify the species given below by the intermolecular forcespresent in a pure sample of each: Ar H2 HCN HF BrCl5 NH3 CH3OH H2S PF5 CH2Cl2 are they dispersion, dipole-dipole, or h bond?
-
Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2016 and 2015. 2016 2015 Sales $4,857,500 $4,752,900 Cost of goods sold 3,258,950 3,207,000...
-
Why must the word cost be accompanied by an adjective to be meaningful?
-
The April 2010 income statement for Fabio's Fashions has just been received by Diana Caffrey, Vice-President of Marketing. The firm uses a variable costing system for internal reporting purposes. The...
-
Why do more traditional methods of overhead assignment overload standard high-volume products with overhead costs. How does ABC improve overhead assignments?
-
Draw the acceleration diagram for the shaper mechanism shown in Fig.3.20(a). \(O B=150 \mathrm{~mm}\), \(C B=225 \mathrm{~mm}, O C=150 \mathrm{~mm}\). Find the coriolis acceleration of slider \(B\)....
-
In the crank and slotted lever type quick return motion mechanism shown in Fig.3.14(a), the crank \(A B\) rotates at \(120 \mathrm{rpm}\). Determine (a) velocity of ram at \(D\), (b) magnitude of...
-
In the swivelling joint mechanism shown in Fig. 3.17 (a), \(A B=300 \mathrm{~mm}, B C=800 \mathrm{~mm}, C D=400 \mathrm{~mm}\), \(A D=500 \mathrm{~mm}, B E=400 \mathrm{~mm}, E F=500 \mathrm{~mm}, E...
Study smarter with the SolutionInn App