Question

Henson Company applies overhead on the basis of 120% of direct labor cost. Job No. 190...

Henson Company applies overhead on the basis of 120% of direct labor cost. Job No. 190 is charged with $120,000 of direct materials costs and $180,000 of manufacturing overhead. The total manufacturing costs for Job No. 190 is

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Knox applies overhead on the basis of 400% of direct labor cost. Job No. 176 is...
Knox applies overhead on the basis of 400% of direct labor cost. Job No. 176 is charged with $120,000 of direct material costs and $130,000 of manufacturing overhead. The total manufacturing costs for Job No. 176 is Select one: a. $282,500. b. $412,500. c. $250,000. d. $354,000. e. not able to be determined from the provided information.
Alpha Company applies overhead costs to jobs on the basis of direct labor costs, Job A,...
Alpha Company applies overhead costs to jobs on the basis of direct labor costs, Job A, which was started and completed during the current period, shows charges of $10,000 for direct materials, $16,000 for direct labor, and $12,000 for overhead on its job cost sheet. Job B, which was still in process at year end, shows charges of $5,000 for direct materials and $8,000 for direct labor. Required: 1. (5 pts.) Should any overhead cost be applied to Job B...
Lott Company uses a job order cost system and applies overhead to production on the basis...
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,000, direct labor $12,000, and manufacturing overhead $16,000. As of January 1, Job 49 had been completed at a cost of $90,000 and was part of finished goods inventory. There was a $15,000...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V,...
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,000 for direct materials, $9,700 for direct labor, and $6,596 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4,400 for direct materials and $4,400 for direct labor. Required: 1a. Should any overhead cost be applied to Job W at year-end? Yes...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $110,500 of manufacturing overhead for an estimated allocation base of $85,000 direct material dollars to be used in production. The company has provided the following data for the just completed year:         Purchase of raw materials $...
The Littlefield Company applies manufacturing overhead costs to products on the basis of direct labor-hours. The...
The Littlefield Company applies manufacturing overhead costs to products on the basis of direct labor-hours. The standard cost card shows that 12 direct labor-hours are required per unit of product. For August, the company budgeted to work 360,000 direct labor-hours and to incur the following total manufacturing overhead costs: Total fixed overhead costs $475,200 Total variable overhead costs $396,000 During August, the company completed 28,000 units of product, worked 344,000 direct labor-hours, and incurred the following total manufacturing overhead costs:...
Assigning Overhead To A Job Beta Corp. applies overhead to jobs on the basis of direct...
Assigning Overhead To A Job Beta Corp. applies overhead to jobs on the basis of direct labor costs. Job X which was started and completed during the current period shows charges of $10,000 for direct materials, $16,000 for direct labor, and $12,000 for overhead on its job cost sheet. Job Y which still was in process at year end shows charges of $5,000 for direct materials, and $8,000 for direct labor. Required: Should any overhead cost be applied to Job...
Frank’s Furniture company applies overhead costs to jobs on the basis of direct labor hours. The...
Frank’s Furniture company applies overhead costs to jobs on the basis of direct labor hours. The company estimates manufacturing overhead for the year to be $330,000. The company expects its direct labor workforce to work for 20,000 hours during the year. Job #1843 shows the following cost information: Walnut: 350 board feet used at a cost of $17 per board foot. Labor: 300 hours at a cost of $21 per hour. Required: Assuming the company marks up their price to...
Simpson Company estimates that its overhead expense will stand at $4,000,000 this year. It also expects...
Simpson Company estimates that its overhead expense will stand at $4,000,000 this year. It also expects the direct labor cost to be $2,000,000. It traditionally applies overhead using direct labor cost as its basis. Job No. 305 is charged with $150,000 of direct materials costs and $100,000 of direct labor cost. Calculate the predetermined overhead rate for Simpson Company Calculate the total manufacturing costs for Job No. 305.
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis...
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.80 per machine-hour was based on a cost formula that estimates $232,400 of total manufacturing overhead for an estimated activity level of 83,000 machine-hours. Required: 1. Assume that during the year the company works only 78,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead...