1. JYD Manufacturing uses departmental cost driver rates to apply manufacturing overhead costs to products. Manufacturing...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. JYD Manufacturing uses departmental cost driver rates to apply manufacturing overhead costs to products. Manufacturing overhead costs are applied on the basis of machine hours in the Machining Department and on the basis of direct labor hours in the Assembly Department. At the beginning of 2021, the following estimates were provided for the coming year: Direct labor hours Machine hours Direct labor cost Manufacturing overhead Machining 10,000 dih Assembly 90,000 dilh 100.000 mh 5,000 mh P80,000 P720,000 250,000 360,000 The accounting records of the company show the following data for Job # 100: Machining Assembly Direct labor hours 50 dih 120 dih Machine hours 170 mh 10 mh Direct material cost P2,700 P1,600 Direct labor cost P 400 P 900 How much is the total cost of Job 100? 1. JYD Manufacturing uses departmental cost driver rates to apply manufacturing overhead costs to products. Manufacturing overhead costs are applied on the basis of machine hours in the Machining Department and on the basis of direct labor hours in the Assembly Department. At the beginning of 2021, the following estimates were provided for the coming year: Direct labor hours Machine hours Direct labor cost Manufacturing overhead Machining 10,000 dih Assembly 90,000 dilh 100.000 mh 5,000 mh P80,000 P720,000 250,000 360,000 The accounting records of the company show the following data for Job # 100: Machining Assembly Direct labor hours 50 dih 120 dih Machine hours 170 mh 10 mh Direct material cost P2,700 P1,600 Direct labor cost P 400 P 900 How much is the total cost of Job 100?
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
A vessel was proceeding at 18knots on a heading of 1430. A current of 10 the knots was moving at 112. Use the algebraic vectors to determine resultant vector speed of the boat and its azimuth.
-
{-1,0, 1). Take f(x) = x and (x0, X1, X} = Write down the Lagrange form of P2, the polyno- mial of degree two that interpolates f at xo. X1, and x2. Simplify the expression for p2(x) as much as...
-
Euro Engineering Ltd manufactures three types of ceramic coffee percolator; the Metal, pink and the Zinc models. The maximum market demand and resource requirements of each of these products are...
-
John Black is considering to purchasing a land from Real Estate Ltd for $1,000,000. The terms of the agreement are, 10% down payment, and the balance is to be repaid at 20% interest for duration of...
-
A large company is considering cutting back on its TV advertising in favor of business videos to be given to its customers. This action is being considered after the company president read a recent...
-
The If-Modified-Since header can be used to check whether a cached page is still valid. Requests can be made for pages containing images, sound, video, and so on, as well as HTML. Do you think the...
-
Your company sells $100,000 of goods and you collect sales tax of 3%. What current liability does the sale create? a. Accounts Payable of $3,000 b. Unearned Revenue of $3,000 c. Sales Revenue of...
-
Platteville Eye Clinic is considering investing in new optical-scanning equipment. It has two options: Option A would have an initial lower cost but would require a significant expenditure for...
-
Kingbird Corporation has the following shareholders' equity on December 31, 2024: Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 4000 shares issued...
-
The Lumbar Chair Company manufacturers a standard rediner. During February, the firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs...
-
Suppose that electrons had three possible values of the spin quantum number. What would be the electron configuration of an element with Z = 10?
-
What are the Big Five personality traits?
-
What type T sports do you like to either participate in or watch on screen?
-
How do plans and strategies differ?
-
One study found that NBA teams with a high shared experience and a low turnover tended to have significantly better winloss records. Why?
-
Use the following information to prepare the schedule of cost of goods manufactured for Graffstone Company for the month ended June 30. Work in Process inventory, May 31 $12,600 Work in Process...
-
The Alert Company is a closely held investment-services group that has been very successful over the past five years, consistently providing most members of the top management group with 50% bonuses....
-
Determine the maximum power that can be transmitted by a belt of \(100 \mathrm{~mm} \times 10 \mathrm{~mm}\) size with an angle of lap of \(160^{\circ}\). The belt density is \(1000 \mathrm{~kg} /...
-
A pulley used to transmit power by means of ropes has a diameter of \(3.6 \mathrm{~m}\) and has 15 grooves of \(45^{\circ}\) angle. The angle of contact is \(170^{\circ}\) and coefficient of friction...
-
Describe three types of acts by entity personnel that represent errors.
Study smarter with the SolutionInn App