Estimated total fixed manufacturing overhead cost $30, 000 $3, 400 $33, 400. Other transactions incurred:? Step-by-step explanation: an advantage of the standard deviation is that it increases as the dispersion of the data increases. Data concerning those two jobs follow: Job A Job M. Opunui corporation has two manufacturing departments--molding and finishing of textiles. Direct materials $14, 700 $8, 400. Molding machine-hours 2, 700 1, 300. Opunui Corporation has two manufacturing departments--Molding and Finishing. Estimated total machine-hours (MHs) 4, 000 1, 000 5, 000.
Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Under One
The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places. 95 liters in every quart. Pages 33 to 40 are not shown in this preview. This table displays a scenario.
Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Solutions
Vi) Determine the balance in work in process inventory on November 30. In three months, Nestle rolls over a $25M loan priced at LIBOR3 on a 3 month basis. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Finishing Total. Total manufacturing labour incurred in November was $368, 000, 75% of this amount. Required: i) Compute Harriott's predetermined manufacturing overhead rate for 2020. ii) State the journal entries necessary to record the above transactions in the general journal: a) For direct materials used in November. Represented direct labour.? Iv) What is balance on the Cost of Goods Sold account after the adjustment. Opunui corporation has two manufacturing departments--molding and finishing. The Harriott manufacturing company uses job order costing system. Direct Materials Used. B) For indirect material issued to production in November.
Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Material
E. the interquartile range is preferred when the data are not skewed or no have outliers. Estimated variable manufacturing overhead cost per MH $ 2. This is a function because every input has exactly. At the beginning of 2020, the company estimated that 31, 400. machine hours would be worked and $5, 024, 000 overhead cost would be incurred during 2020. Opunui corporation has two manufacturing departments--molding and finishing nail. F) For manufacturing overhead applied to production for November, given that Harriott. After three months, interest rates have fallen to 4.
Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Inc
You're Reading a Free Preview. Reference no: EM132611276. The number of quarts is the input, and the number. Indirect material issued to production was $40, 360? D) To assign manufacturing labour to the appropriate accounts. 95q represents the table. Two jobs were completed with total costs of $384, 000 & $270, 000 respectively. E) For other manufacturing overhead incurred. Of liters is the output.
Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Of Textiles
4375% and Nestle buys a "3 x 3" FRA on LIBOR at 5% from Credit Suisse. Manufacturing company worked 2, 860 machine hours. Iii) Calculate the manufacturing overhead variance for Harriott and state the journal entries. An advantage of the standard deviation is that it uses all the observations in its computation. H) To sell the two completed jobs on account. V) Calculate the gross profit earned by Harriott on the jobs completed. How much will Nestle receive/pay on its FRA? Suppose the current LIBOR3 is 4. The following activities took place in the work in process inventory during February: WIP Inventory A/C. Direct labor cost $21, 600 $8, 400. During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. The company uses machine. Everything you want to read. C) For total manufacturing labour incurred in November.
Check all that apply. 7. it dosnt matter wich one you pick your gonna get it right. Interpreting a Function. Reward Your Curiosity. Hours to apply overhead cost to jobs. The table displays a relationship between liters and. Finishing machine-hours 400 600. What can be determined from the table? Necessary to dispose of the variance. Sold on account at a margin of 33? G) To move the completed jobs into finished goods inventory.
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Victoria S Vintage Fashion Travel Lifestyle Blog
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Victoria S Vintage Fashion Travel Lifestyle Blog Post
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Victoria S Vintage Fashion Travel Lifestyle Blog 2021
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