ACC2415RESIT2014-6 (1).docm - 1 Alpine Inc uses job order...

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1 Alpine Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2014 totaled $20,000 of materials, $8,000 of direct labor costs, and $8,000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $9,000, and the ending balance is $15,000. During the year, the company completed 20 machines. How much is the cost per machine? A. $1,500 B. $1,880 C. $1,320 D. $1,760 E $2,000
2 A company expected its annual overhead costs to be $1,950,000 and direct labor costs to be $1,500,000. Actual overhead was $1,890,000, and actual labor costs totaled $1,160,000. How much is the company’s predetermined overhead rate to the nearest cent?
3 HecTech, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1,175,000. The company used 1,200 hours of processing on Job No. B12 during the period and incurred

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