FAimore Corporation is a manufacturing hrm that follows at the beginning and end of the yean...

 

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FAimore Corporation is a manufacturing hrm that follows at the beginning and end of the yean 0-order costung The companys inventon balances were as Ending Balance Beginning Balance Raw materials 19,600 30,800 Workin process 37.800 12.600 Finished Gonds $ 86,800 93.800 The company applies overhead to jobs using a predetermined overhead rate based on machine hours Al the: beginning of the vear, the company estimated that it would work 46,200 machine hours ang incer $323.40en nxed manufactunng overead cost and $3.15 variable manufacturing overhead per direct machine hour The tollewing transactions vwere recerdedfor the year Raw matenalS were purchased on account $441,000. Raw materials were requisitioned for use in production $429,800 ($393,400 direct and $36400 mirecD: The following emptoyee cOsts were incurred direct labor, $527,800; Indirectlab S134400and administranve sataries SI84 800 Advertisng expenses incurred $205.80 Factory ublityosts incurred $98,000 ereciat the vear was $177800 0t woich S168.000 is related to factory.operanions.and $9.800isitelatea meneral andadministrative activitieS ha overhead was applied tojobs.bu actual leve ot activity for the vear was 47:60o machine OUA ed manufacturing overhendis diosed to Cost.or Goods Sold uring overnead is closed to Cost of Goods Sold YOU MAY SHOW YOUR WORK WITH A FORMULA. A FULL SCHEDULE IS NOT REQUIRED. A BIE = Job-Order Cost Answer Template a. Calculate the predetermined overhead rate. (Show your work). 323,400/46,200-7 b. Calculate the manufacturing overhead applied. (Show your work). What was the amount of total manufacturing cost added for the periodn (Show your work. You may use a formula, A full schedule is not required) d Calculate the cost of goods manufactured for the penod. (Show your work You may ue a formula A tull schedule s not required) What is the amount of the cost of goods available for sale? (Show your work You may use a formula A ull schedule is not reguired) was $177,800 of which $ 168.000 is related to factory operations and $9,800 s related lling general, and administrative activites. Manutacturing overhead was applied to jobs. The actual level of activity for the year was 47,600 machine hours Dver or under applied manufacturing overhead is dosed J MAY SHOW YOUR WORK WITH A FORMULA. A FULL SCHEDULE IS NOT REQUIRED. Cost of Goods Sold B. Manufacting Ovehra t. Use a t-account to show the actual and applied manulactuning overhead costh tor the period Label ne element. Abbreviation aceptatie prowided at they d POR predetermined overhead rate) a Was the overthead underapplied or overappled By how much? he awe n What jounal entry would be made to dipose of the manyfactuning ovehad acciunrtance The umlymuteeine What will be the amount of the austed cost of goods sod Ghow yourwok Yma weafma A n bve activities to factory operations and $9800 is telated Manufactuing overbead was applied to jobs. The actual level of activity for the year was 4700 machine hours Dver or under applied manulactunng overhead is dosed to Cost of Goods Sold. U MAY SHOW YOUR WORK WITH A FORMULA, A FULL SCHEDULE IS NOT REQUIRED. A- BI edetermined overhead rate) a Was the overhead underapplied or overapplied? By how much What journal entry would be made to dispose of the manufacturing overhead acount balance the jouna entry mit be written in proer foemat ed A What will be the amount of the adjusted cost of goods sold? (Show your work You may usea foma Ahe not regare Compute the amount of Selling and Adminstrative coste for the period. Lst which co ane moudedin your ane FAimore Corporation is a manufacturing hrm that follows at the beginning and end of the yean 0-order costung The companys inventon balances were as Ending Balance Beginning Balance Raw materials 19,600 30,800 Workin process 37.800 12.600 Finished Gonds $ 86,800 93.800 The company applies overhead to jobs using a predetermined overhead rate based on machine hours Al the: beginning of the vear, the company estimated that it would work 46,200 machine hours ang incer $323.40en nxed manufactunng overead cost and $3.15 variable manufacturing overhead per direct machine hour The tollewing transactions vwere recerdedfor the year Raw matenalS were purchased on account $441,000. Raw materials were requisitioned for use in production $429,800 ($393,400 direct and $36400 mirecD: The following emptoyee cOsts were incurred direct labor, $527,800; Indirectlab S134400and administranve sataries SI84 800 Advertisng expenses incurred $205.80 Factory ublityosts incurred $98,000 ereciat the vear was $177800 0t woich S168.000 is related to factory.operanions.and $9.800isitelatea meneral andadministrative activitieS ha overhead was applied tojobs.bu actual leve ot activity for the vear was 47:60o machine OUA ed manufacturing overhendis diosed to Cost.or Goods Sold uring overnead is closed to Cost of Goods Sold YOU MAY SHOW YOUR WORK WITH A FORMULA. A FULL SCHEDULE IS NOT REQUIRED. A BIE = Job-Order Cost Answer Template a. Calculate the predetermined overhead rate. (Show your work). 323,400/46,200-7 b. Calculate the manufacturing overhead applied. (Show your work). What was the amount of total manufacturing cost added for the periodn (Show your work. You may use a formula, A full schedule is not required) d Calculate the cost of goods manufactured for the penod. (Show your work You may ue a formula A tull schedule s not required) What is the amount of the cost of goods available for sale? (Show your work You may use a formula A ull schedule is not reguired) was $177,800 of which $ 168.000 is related to factory operations and $9,800 s related lling general, and administrative activites. Manutacturing overhead was applied to jobs. The actual level of activity for the year was 47,600 machine hours Dver or under applied manufacturing overhead is dosed J MAY SHOW YOUR WORK WITH A FORMULA. A FULL SCHEDULE IS NOT REQUIRED. Cost of Goods Sold B. Manufacting Ovehra t. Use a t-account to show the actual and applied manulactuning overhead costh tor the period Label ne element. Abbreviation aceptatie prowided at they d POR predetermined overhead rate) a Was the overthead underapplied or overappled By how much? he awe n What jounal entry would be made to dipose of the manyfactuning ovehad acciunrtance The umlymuteeine What will be the amount of the austed cost of goods sod Ghow yourwok Yma weafma A n bve activities to factory operations and $9800 is telated Manufactuing overbead was applied to jobs. The actual level of activity for the year was 4700 machine hours Dver or under applied manulactunng overhead is dosed to Cost of Goods Sold. U MAY SHOW YOUR WORK WITH A FORMULA, A FULL SCHEDULE IS NOT REQUIRED. A- BI edetermined overhead rate) a Was the overhead underapplied or overapplied? By how much What journal entry would be made to dispose of the manufacturing overhead acount balance the jouna entry mit be written in proer foemat ed A What will be the amount of the adjusted cost of goods sold? (Show your work You may usea foma Ahe not regare Compute the amount of Selling and Adminstrative coste for the period. Lst which co ane moudedin your ane

Answer rating: 100% (QA)

a Overhead rate 323400 46200 315 1015 b Manufacturing overhead applied 4760... View the full answer