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Annie Kavitha
Annie Kavitha, Master's Degree
Category: Business and Finance Homework
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Hello I need help with three questions for my accounting c

Resolved Question:

Hello I need help with three questions for my accounting class


 

























Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $338,580 for the year, and machine usage is estimated at 125,400 hours.

For the year, $361,548 of overhead costs are incurred and 132,400 hours are used.












































(a)


Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.)










Manufacturing overhead rate$ per machine hour





























The ledger of Custer Company has the following work in process account.








































Work in Process—Painting

5/1 Balance 4,280  5/31Transferred out?
5/31 Materials 6,400 
5/31 Labor 3,200 
5/31 Overhead 1,330    
5/31 Balance ?


Production records show that there were 570 units in the beginning inventory, 30% complete, 1,460 units started, and 1,510 units transferred out. The beginning work in process had materials cost of $2,610 and conversion costs of $1,670. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.












































(a), (b) and (c)


(a) How many units are in process at May 31?










Work in process, May 31

 units


(b) What is the unit materials cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)









The unit materials cost for May
$



(c) What is the unit conversion cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)









The unit conversion cost for May
$




















 

























The ledger of Custer Company has the following work in process account.








































Work in Process—Painting

5/1 Balance 4,280  5/31Transferred out?
5/31 Materials 6,400 
5/31 Labor 3,200 
5/31 Overhead 1,330    
5/31 Balance ?


Production records show that there were 570 units in the beginning inventory, 30% complete, 1,460 units started, and 1,510 units transferred out. The beginning work in process had materials cost of $2,610 and conversion costs of $1,670. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.

















































(a), (b) and (c)


(a) How many units are in process at May 31?










Work in process, May 31

 units


(b) What is the unit materials cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)









The unit materials cost for May
$



(c) What is the unit conversion cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)









The unit conversion cost for May
$


















Submitted: 11 months ago.
Category: Business and Finance Homework
Expert:  Annie Kavitha replied 11 months ago.

Thanks for requesting me. I will post the solutions in a short while.

Customer: replied 11 months ago.

Hello what else do you need?

Customer: replied 11 months ago.
Do you need more information, like what?
Expert:  Annie Kavitha replied 11 months ago.

I don't need more information. I will provide the solutions in a short while.

Customer: replied 11 months ago.

Okay thanks

Expert:  Annie Kavitha replied 11 months ago.

Q. no. 2 is repeated. Please provide Q. no.3

Customer: replied 11 months ago.

i never received any answer what happen?

Expert:  Annie Kavitha replied 11 months ago.

you have posted q. no. 2 twice. but didn't provide q. no.3 Please paste q. no. 3

Customer: replied 11 months ago.























Wilkins Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company’s operations.

























Standard


Custom

Direct labor costs$47,500$96,300
Machine hours1,2601,390
Setup hours100390


Total estimated overhead costs are $305,000. Overhead cost allocated to the machining activity cost pool is $196,200, and $108,800 is allocated to the machine setup activity cost pool.


















































(a)


Compute the overhead rate using the traditional (plantwide) approach. (Round answers to 2 decimal places, e.g. 12.25%.)










Predetermined overhead rate

% of direct labor cost


















Link to Text





Link to Text













By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor.










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(b)



Customer: replied 11 months ago.

Are you there?

Expert:  Annie Kavitha replied 11 months ago.

Please click on the link below and download the solutions file.

http://www.mediafire.com/?a9433z5175rg6ai

Customer: replied 11 months ago.

where are the answers im having trouble viewing the answers

Expert:  Annie Kavitha replied 11 months ago.

Click on the link provided and download the solutions file.

http://www.mediafire.com/?a9433z5175rg6ai

Annie Kavitha, Master's Degree
Satisfied Customers: 1001
Experience: 17 years of teaching experience and 5 years of online tutoring experience.
Annie Kavitha and 3 other Business and Finance Homework Specialists are ready to help you
Customer: replied 11 months ago.

hi what are the answers to questions b and c for number two

Expert:  Annie Kavitha replied 11 months ago.

Q. no.2

b)

Materials 2,030

conversion costs 1,718

c)

Materials $4.44

Conversion costs $3.61

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