# Question 4 question tco 2 sweet co uses budgeted

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Question 4.Question :(TCO 2) Sweet Co. uses budgeted overhead rates to apply overhead toindividual jobs. They use a system based on direct labor hours. Lastyear, the company made the following estimates for this year.Direct labor costs \$45,000,000Factory overhead costs \$8,000,000Direct Labor Hours 80,000Machine Hours 105,000(a) What is the budgeted overhead rate for the company?(b) If Job #34567 had the following:Material costs were \$450,000;Direct labor costs were \$375,000;Direct labor hours 20,000; andMachine hours were 28,000,then what is the total cost of Job #34567?Student Answer:A. The budget is \$6,400,000/80,000= \$80. b. The job total for thisone is 500,000 + 450,000 + (80 x 25,000) = 2,000,000 + 950,000 =\$2,950,000The budgeted overhead rate is \$8,000,000 / 80,000 = \$100. B. For thisjob, the total costs would be 450,000 + 375,000 + (100 x 20,000) =2,000,000 = \$2,825,000.InstructorExplanation:
Points Received:2 of 30Comments:Missed parts a and bQuestion 5.Question :(TCO 3) Adnan Company uses process costing. At the beginning of themonth, there were 3,000 units in process, 70% complete with respect tomaterial, and 60% complete with respect to conversion costs. 20,000units were started during the month and 20,000 units were completed.
The units in ending Work-In-Process Inventory were 90% complete withrespect to material and 30% complete with respect to conversion costs.How many equivalent units will be used in calculating the cost per unitfor materials?
Points Received:2 of 30Comments:Analysis is ofQuestion 6.Question :(TCO 6) Handy Display Company manufactures display cases to besold to retail stores. The cases come in three sizes: large, medium, andsmall. Currently, Handy Display Company uses a single plant-wideoverhead rate to allocate its \$3,357,800 of annual manufacturingoverhead. Of this amount, \$1,000,000 is associated with the LargeCase line, \$1,560,000 is associated with the Medium Case line, and\$1,485,000 is associated with the Small Case line. Handy DisplayCompany is currently running a total of 50,000 machine hours: 20,000in the Large Case line, 24,000 in the Medium Case line, and 15,000 inthe Small Case line. Handy Display Company uses machine hours asthe cost driver for manufacturing overhead costs.

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Term
Spring
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