• 100% Satisfaction Guarantee

Annie Kavitha, Master's Degree
Satisfied Customers: 1005
Experience:  17 years of teaching experience and 5 years of online tutoring experience.
4245996
Annie Kavitha is online now

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 5/31 Transferred 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 5/31 Transferred 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: 1 year ago.
Expert:  Annie Kavitha replied 1 year ago.

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

Customer: replied 1 year ago.

Hello what else do you need?

Customer: replied 1 year ago.
Expert:  Annie Kavitha replied 1 year ago.

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

Customer: replied 1 year ago.

Okay thanks

Expert:  Annie Kavitha replied 1 year ago.

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

Customer: replied 1 year ago.

Expert:  Annie Kavitha replied 1 year ago.

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

Customer: replied 1 year 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 hours 1,260 1,390 Setup hours 100 390

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

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

 Attempts: 0 of 3 used Save for later Submit Answer

 (b)

Customer: replied 1 year ago.

Are you there?

Expert:  Annie Kavitha replied 1 year ago.

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

Customer: replied 1 year ago.

Expert:  Annie Kavitha replied 1 year ago.

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

Annie Kavitha, Master's Degree
Satisfied Customers: 1005
Experience: 17 years of teaching experience and 5 years of online tutoring experience.
Customer: replied 1 year ago.

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

Expert:  Annie Kavitha replied 1 year ago.

Q. no.2

b)

Materials 2,030

conversion costs 1,718

c)

Materials \$4.44

Conversion costs \$3.61

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
• This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
• Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
• I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
• Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
• Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
• He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

• linda_us

Satisfied Customers:

805
A tutor for Business, Finance, Accounts and other related topics.
< Last | Next >

linda_us

Satisfied Customers:

805
A tutor for Business, Finance, Accounts and other related topics.

F. Naz

Satisfied Customers:

355
Have completed B.COM and CA Finalist

Bizhelp

Satisfied Customers:

257
BA degree and Certified Public Accountant

Mr. Gregory White

Satisfied Customers:

197
M.A., M.S. Education / Educational Administration

FiveStarLaw

Satisfied Customers:

161
25 years of experience helping people like you.

144

28