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(b) If Job #34567 had the following:
Material costs were $500,000;
Direct labor costs were $450,000;
Direct labor hours were 25,000; and
Machine hours were 36,000,
then what is the total cost of Job #34567?
Question 5.
Question :
(TCO 3) Adnan Company uses process
costing. At the beginning of the month, there were 8,000 units in process,
90% complete with respect to material and 80% complete with respect to
conversion costs. 40,000 units were started during the month and 40,000
units were completed. The units in ending Work-In-Process Inventory
were 70% complete with respect to material and 10% complete with
respect to conversion costs. How many equivalent units will be used in
calculating the cost per unit for materials?
Question 6.
Question :
(TCO 6) Handy Display Company
manufactures display cases to be sold to retail stores. The cases come in
three sizes: large, medium, and small. Currently, Handy Display
Company uses a single plant-wide overhead rate to allocate its
$3,357,800 of annual manufacturing overhead. Of this amount, $900,000
is associated with the Large Case line, $1,404,480 is associated with the
Medium Case line, and $1,350,000 is associated with the Small Case
line. Handy Display Company is currently running a total of 39,600
machine hours: 12,000 in the Large Case line, 15,960 in the Medium
Case line, and 12,000 in the Small Case line. Handy Display Company
uses machine hours as the cost driver for manufacturing overhead costs.
Requirement: Calculate the departmental overhead rate for each of the
three departments listed.