7. it dosnt matter wich one you pick your gonna get it right. G) To move the completed jobs into finished goods inventory. Direct Materials Used. Opunui Corporation has two manufacturing departments--Molding and Finishing. F) For manufacturing overhead applied to production for November, given that Harriott. 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. Opunui corporation has two manufacturing departments--molding and finishing material. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Finishing Total. Estimated total fixed manufacturing overhead cost $30, 000 $3, 400 $33, 400. Iv) What is balance on the Cost of Goods Sold account after the adjustment. Other manufacturing overhead costs incurred for November amounted to $340, 490.? You're Reading a Free Preview.
4375% and Nestle buys a "3 x 3" FRA on LIBOR at 5% from Credit Suisse. 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. Necessary to dispose of the variance. The company feels that interest rates are rising and that rates will be higher at the next roll-over in three months. Everything you want to read. During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories.
Hours to apply overhead cost to jobs. V) Calculate the gross profit earned by Harriott on the jobs completed. Problem 1: Assume that the company uses a plant wide predetermined manufacturing overhead rate based on machine-hours. The company uses machine. Manufacturing company worked 2, 860 machine hours. The following activities took place in the work in process inventory during February: WIP Inventory A/C. D) To assign manufacturing labour to the appropriate accounts. Pages 33 to 40 are not shown in this preview. Opunui corporation has two manufacturing departments--molding and finishing inc. This table displays a scenario. Suppose the current LIBOR3 is 4.
The table displays a relationship between liters and. How much will Nestle receive/pay on its FRA? Other transactions incurred:? The Harriott manufacturing company uses job order costing system. Iii) Calculate the manufacturing overhead variance for Harriott and state the journal entries. Interpreting a Function. In three months, Nestle rolls over a $25M loan priced at LIBOR3 on a 3 month basis. The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places. Finishing machine-hours 400 600. This is a function because every input has exactly. Reference no: EM132611276. Represented direct labour.? Estimated total machine-hours (MHs) 4, 000 1, 000 5, 000. Direct labor cost $21, 600 $8, 400.
Of liters is the output. Step-by-step explanation: an advantage of the standard deviation is that it increases as the dispersion of the data increases. H) To sell the two completed jobs on account. Molding machine-hours 2, 700 1, 300. Indirect material issued to production was $40, 360? Reward Your Curiosity. B) For indirect material issued to production in November. The number of quarts is the input, and the number. Data concerning those two jobs follow: Job A Job M. Direct materials $14, 700 $8, 400. After three months, interest rates have fallen to 4. Sold on account at a margin of 33? An advantage of the standard deviation is that it uses all the observations in its computation. Estimated variable manufacturing overhead cost per MH $ 2.