JYD manufacturing company has two production departments: Fabrication and assembly and three service departments (general factory administration,factory maintenance and factory cafeteria) A summary of the year's overhead cost and other data for each department prior to allocation of service department costs appears below Fabrication Assembly Gen. Factory Adm. Factory Main. Factory Cafe. оН Costs P6,730,000 P4,850,000 P160,000 P203,200 P240,000 DL Costs 562,500 437,500 31,000 27,000 42,000 # of Employees 280 200 12 8 20 Sq. Footage Occupied 88,000 72,000 1,750 2,000 4,800 The costs of the General Factory Administration Department, Factory Maintenance Department and Factory Cafeteria are allocated on the basis of direct labor hours, square footage occupied, and number of employees, respectively. It is the company's policy that the order of distribution is based on the highest peso amount of costs originating in the service departments and the direct method is used.
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25 What is the total
26 Assuming assembly department uses direct labor hours, what is the factory overhead rate of assembly dept?
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- JYD manufacturing company has two production departments: Fabrication and assembly and three service departments (general factory administration,factory maintenance and factory cafeteria) A summary of the year's overhead cost and other data for each department prior to allocation of service department costs appears below Fabrication Assembly Gen. Factory Adm. Factory Main. Factory Cafe. ОН Costs P6,730,000 P4,850,000 P160,000 P203,200 P240,000 DL Costs 562,500 437,500 31,000 27,000 42,000 # of Employees 280 200 12 8 20 Sq. Footage Occupied 88,000 72,000 1,750 2,000 4,800 The costs of the General Factory Administration Department, Factory Maintenance Department and Factory Cafeteria are allocated on the basis of direct labor hours, square footage occupied, and number of employees, respectively. It is the company's policy that the order of distribution is based on the highest peso amount of costs originating in the service departments and the direct method is used. 25 What is the total…Single Plantwide Factory Overhead Rate Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period: Factory depreciation Indirect labor Factory electricity Indirect materials Selling expenses Administrative expenses Total costs Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per case: Tortilla chips Potato chips Pretzels Total Budgeted Volume (Cases) $10,869 26,936 3,072 6,379 15,122 8,506 $70,884 3,600 1,200 3,900 8,700 Processing Hours Per Case 0.15 0.12 0.10 If required, round all per-case answers to the nearest cent.JYD Manufacturing Company has two production departments (Fabrication and Assembly ) and three service departments (General Factory Administration, Factory Maintenance, and Factory Cafeteria). A summary of the year’s overhead cost and other data for each department prior to allocation of service department costs appears below: Fabrication Assembly Gen. Factory Adm. Factory Main. Factory Cafe. OH Costs P6,730,000 P4,850,000 P160,000 P203,200 P240,000 DL Costs 562,500 437,500 31,000 27,000 42,000 # of Employees 280 200 12 8 20 Sq. Footage Occupied 88,000 72,000 1,750 2,000…
- The T-account showing the manufacturing overhead activity for Kenneth Corp. for 2018 is as follows: Manufacturing Overhead 210,000 196,000 Read the requirements. Requirement 1. What is the actual manufacturing overhead? Actual manufacturing overhead: S Requirement 2. What is the allocated manufacturing overhead? Allocated manufacturing overhead: S Requirement 3. Is manufacturing overhead underallocated or overallocated? By how much? Manufacturing overhead is by $S Activity Cost Pool Labor-related Purchase orders Product testing Template etching General factory Activity Cost Pool Labor-related (DLHS) Activity Measure Direct labor-hours Number of orders Number of tests Number of templates Machine-hours Product A Product B Product C Product D Cost $ 19,250 $ 1,820 $ 6,320 $ 960 $ 68,600 Total Overhead Cost 2. The expected activity for the year was distributed among the company's four products as follows: Expected Activity 1,375 DLHS Expected Activity Product A Product B Product C Product D 300 650 125 300 20 65 180 190 Purchase orders (orders) Product testing (tests) 65 0 80 Template etching (templates) 250 0 26 10 4 General factory (MHs) 3,800 2,000 1,200 2,800 Using the ABC data, determine the total amount of overhead cost assigned to each product. 455 orders 395 tests 40 templates S 9,800 MHs< Back 11:08 Prepare journal entries for each type of manufacturing cost. 3) XL Ltd., has three production departments and four service departments. The expenses for these departments as per Primary Distribution Summary are as follows: Production Departments: A B с Service Departments: Stores Time-keeping and Accounts Power Canteen Class Assignment Horse power of Machine Number of workers Value of stores requisition in ($) Dept. A Q ($) 300 20 3,000,000 2,600,000 2,50,000 2,400,000 4,00,000 300,000 Write down the analysis part of the all above mentions questions otherwise assignment will not accepted. The following information is also available in respect of the production departments: 160,000 100,000 Dept. B 300 ($) 15 8,000,000 1,50,000 ($) 960,000 Dept. C A 200 15 44 1,00,000 PREPARE a statement apportioning the costs of service departments over the production departments.
- 6. Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $943,360 $686,700 Estimated direct labor hours for year 10,900 Estimated machine hours for year 21,440 Actual factory overhead costs for March $75,320 $59,270 Actual direct labor hours for March 980 Actual machine hours for March 1,670E1-10 Manufacturing cost data for Copa Company are presented below. issing nt cost Case A Case B Case C $ (a) 57,000 $130,000 (g) 102,000 253,700 (h) 337,000 70,000 Direct materials used Direct labor $68,400 86,000 46,500 81,600 Manufacturing overhead Total manufacturing costs Work in process 1/1/14 Total cost of work in process Work in process 12/31/14 Cost of goods manufactured 195,650 (b) 221,500 (c) 185,275 (d) 16,500 (e) 11,000 (f) (i) Instructions Indicate the missing amount for each letter (a) through (i).6. Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $470,610 $897,900 Estimated direct labor hours for year 12,300 Estimated machine hours for year 17,430 Actual factory overhead costs for March $37,640 $77,790 Actual direct labor hours for March 1,110 Actual machine hours for March 1,360 a. Determine the factory overhead rate for Factory 1.$_____ per machine hour b. Determine the factory overhead rate for Factory 2.$_____ per direct labor hour
- Exercise 16.4 (Algo) Flow of Costs through Manufacturing Accounts (LO16-4) The following information was taken from the accounting records of Light Tool Corporation. Work in process inventory, beginning of the year Cost of direct materials used Direct labor cost applied to production Cost of finished goods manufactured 50,000 270,000 145,000 916,750 Overhead assigned to production was $500,000. Compute the amount of the work in process inventory on hand at year-end. Ending work in process inventory %24services SQU Libraries SQU Portal Attendance English (en O b. OMR605 O c. OMR545 O d. OMR635 O e. OMR575 XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of product; Direct labor costs OMR5 per direct labor hour; Predetermined overhead rate OMR10 per direct labor hour. The cost of a job for 550 units of product XY, which uses a total of 100 direct labor hours, is: Select one: Oa. OMR5,400 Ob. OMR3,300 Oc. OMR3,150 Od. None of the answers given e. OMR9,900 Total manutacturing costs assioned inclucted 10 units heom ofs tota manaUsing the information below for Laurels Company; determine the cost of goods manufactured during the current year: Direct materials used Direct Labor Total Factory overhead Beginning work in process Ending work in process Multiple Choice O O O O $18,000. $14,500. $16,700. $12,600. $19,300. $5,300 7,300 5,400 3,300 4,600