Opunui Corporation has two manufacturing departments--Molding and Finishing. 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 under one. Represented direct labour.? Estimated total fixed manufacturing overhead cost $30, 000 $3, 400 $33, 400. Iii) Calculate the manufacturing overhead variance for Harriott and state the journal entries. 4375% and Nestle buys a "3 x 3" FRA on LIBOR at 5% from Credit Suisse. Problem 1: Assume that the company uses a plant wide predetermined manufacturing overhead rate based on machine-hours. Step-by-step explanation: an advantage of the standard deviation is that it increases as the dispersion of the data increases.
95q represents the table. After three months, interest rates have fallen to 4. This is a function because every input has exactly. C) For total manufacturing labour incurred in November. Vi) Determine the balance in work in process inventory on November 30. Check all that apply. The table displays a relationship between liters and.
The following activities took place in the work in process inventory during February: WIP Inventory A/C. Reward Your Curiosity. Pages 33 to 40 are not shown in this preview. Opunui corporation has two manufacturing departments--molding and finishing of textiles. E. the interquartile range is preferred when the data are not skewed or no have outliers. Total manufacturing labour incurred in November was $368, 000, 75% of this amount. This table displays a scenario. Finishing machine-hours 400 600.
V) Calculate the gross profit earned by Harriott on the jobs completed. Direct labor cost $21, 600 $8, 400. Of liters is the output. G) To move the completed jobs into finished goods inventory. In three months, Nestle rolls over a $25M loan priced at LIBOR3 on a 3 month basis.
95 liters in every quart. F) For manufacturing overhead applied to production for November, given that Harriott. 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. Necessary to dispose of the variance. H) To sell the two completed jobs on account. Other transactions incurred:? Manufacturing company worked 2, 860 machine hours. Sold on account at a margin of 33? The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places. Suppose the current LIBOR3 is 4. Hours to apply overhead cost to jobs. Iv) What is balance on the Cost of Goods Sold account after the adjustment. Opunui corporation has two manufacturing departments--molding and finishing nailer. How much will Nestle receive/pay on its FRA?
Estimated variable manufacturing overhead cost per MH $ 2. The number of quarts is the input, and the number. The company uses machine. What can be determined from the table? 7. it dosnt matter wich one you pick your gonna get it right. An advantage of the standard deviation is that it uses all the observations in its computation. Everything you want to read. Data concerning those two jobs follow: Job A Job M. Direct materials $14, 700 $8, 400. Estimated total machine-hours (MHs) 4, 000 1, 000 5, 000.
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