Question
1. Y Company recently collected the following cost data. July had $32,000 of overhead and 4,200...
1. Y Company recently collected the following cost data. July had $32,000 of overhead and 4,200 labor hours. August had $28,500 of overhead and $3,400 labor hours. September had $24,000 overhead and 2,000 labor hours. October had $38,500 of overhead and 6,000 labor hours. November had $45,000 overhead and 9,000 labor hours. December had $41,000 overhead and 7,500 labor hours. If the company uses the high-low method then how much would total fixed costs be?
Group of answer choices
$18,000
$10,000
$8,000
$12,000
2. Accounting records show H Company had beginning direct materials
inventory of $9,000 and ending direct materials inventory of
$7,000. It had purchased $18,000 of direct materials during the
period. It had beginning work-in-process inventory of $16,000.
Direct labor for the period was $22,000 and factory overhead was
$28,000. Cost of Goods Manufactured for the period was $72,000. How
much is the ending balance in H Company’s work-in-process inventory
account?
Group of answer choices
$18,000
$12,000
$22,000
$20,000
$14,000
3. Z Corporation’s first month of operations showed the following
costs in manufacturing its product. Direct material cost per unit
was $14. Indirect materials (variable) cost per unit was $4. Direct
labor cost per unit was $8. Indirect labor (variable) cost per unit
was $6. Other variable factory overhead per unit was $10. Fixed
factory overhead cost per unit was $28. Variable selling expenses
per unit was $20. Fixed selling expenses per unit was $14. The
company made 4,000 units and sold 2,500 units. How much would the
ending inventory cost be using variable costing?
Group of answer choices
$63,000
$105,000
none of the other answers in correct
$78,000
$93,000
4. P Company’s costs to manufacture windows last period was $42,000
for direct labor and $25,500 for indirect labor and $34,500 for
direct materials and $4,500 for indirect materials and $3,450 for
factory utilities and $1,050 for insurance on manufacturing
equipment. How much was P Company’s overhead for the period?
Group of answer choices
$67,500
$34,500
$9,000
$111,000
$69,000
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 18,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$160,200
Power and light
5,940
Indirect materials
52,200
Total variable overhead
cost
$218,340
Fixed overhead cost:
Supervisory salaries
$76,420
Depreciation of plant and equipment
48,030
Insurance and property taxes
30,570
Total fixed overhead
cost
155,020
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 9,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$64,800
Power and light
3,870
Indirect materials
20,700
Total variable overhead
cost
$89,370
Fixed overhead cost:
Supervisory salaries
$31,280
Depreciation of plant and equipment
19,660
Insurance and property taxes
12,510
Total fixed overhead
cost
63,450
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 9,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$79,200
Power and light
4,050
Indirect materials
21,600
Total variable overhead
cost
$104,850
Fixed overhead cost:
Supervisory salaries
$36,700
Depreciation of plant and equipment
23,070
Insurance and property taxes
14,680
Total fixed overhead
cost
74,450
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 9,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$85,500
Power and light
2,700
Indirect materials
21,600
Total variable overhead
cost
$109,800
Fixed overhead cost:
Supervisory salaries
$38,430
Depreciation of plant and equipment
24,160
Insurance and property taxes
15,370
Total fixed overhead
cost
77,960
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 16,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$142,400
Power and light
4,960
Indirect materials
52,800
Total variable overhead
cost
$200,160
Fixed overhead cost:
Supervisory salaries
$70,060
Depreciation of plant and equipment
44,040
Insurance and property taxes
28,020
Total fixed overhead
cost
142,120
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 16,000 hours of
productive capacity in the department:
Variable overhead costs:
Indirect factory labor $152,000
Power and light 7,200
Indirect materials 46,400
Total variable overhead cost
$205,600
Fixed overhead costs:
Supervisory salaries $71,960
Depreciation of plant and equipment 45,230
Insurance and property taxes 28,780
Total fixed overhead cost
145,970
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 16,000 hours of
productive capacity in the department:
Variable overhead costs:
Indirect factory labor
$137,600
Power and light
5,600
Indirect materials
35,200
Total variable overhead
cost
$178,400
Fixed overhead costs:
Supervisory salaries
$62,440
Depreciation of plant and equipment
39,250
Insurance and property taxes
24,980
Total fixed overhead
cost
126,670
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 11,000 hours of
productive capacity in the department:
Variable overhead costs:
Indirect factory labor
$106,700
Power and light
4,400
Indirect materials
29,700
Total variable overhead
cost
$140,800
Fixed overhead costs:
Supervisory salaries
$49,280
Depreciation of plant and equipment
30,980
Insurance and property taxes
19,710
Total fixed overhead
cost
99,970
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the
following factory overhead cost budget for the Press Department for
October of the current year, during which it expected to require
10,000 hours of productive capacity in the department: Variable
overhead cost: Indirect factory labor $84,000 Power and light 3,800
Indirect materials 22,000 Total variable overhead cost $109,800
Fixed overhead cost: Supervisory salaries $38,430 Depreciation of
plant and equipment 24,160 Insurance and property taxes 15,370
Total fixed overhead cost 77,960 Total factory...
Accounting pls Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department...
Accounting pls
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 11,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$106,700
Power and light
3,850
Indirect materials
34,100
Total variable overhead
cost
$144,650
Fixed overhead cost:
Supervisory salaries
$50,630
Depreciation of plant and equipment
31,820
Insurance and property taxes
20,250
Total fixed overhead
cost
102,700
Total factory overhead...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 33 minutes ago
asked 36 minutes ago
asked 41 minutes ago
asked 56 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago
asked 2 hours ago
asked 2 hours ago