V) Calculate the gross profit earned by Harriott on the jobs completed. Data concerning those two jobs follow: Job A Job M. Direct materials $14, 700 $8, 400. Estimated variable manufacturing overhead cost per MH $ 2. E. the interquartile range is preferred when the data are not skewed or no have outliers. 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. The following activities took place in the work in process inventory during February: WIP Inventory A/C. Opunui corporation has two manufacturing departments--molding and finishing material. Everything you want to read. Opunui Corporation has two manufacturing departments--Molding and Finishing. This table displays a scenario. Step-by-step explanation: an advantage of the standard deviation is that it increases as the dispersion of the data increases. C) For total manufacturing labour incurred in November. An advantage of the standard deviation is that it uses all the observations in its computation. Reward Your Curiosity.
Hours to apply overhead cost to jobs. 95 liters in every quart. Iv) What is balance on the Cost of Goods Sold account after the adjustment. Represented direct labour.?
Molding machine-hours 2, 700 1, 300. The Harriott manufacturing company uses job order costing system. Direct Materials Used. After three months, interest rates have fallen to 4. G) To move the completed jobs into finished goods inventory. How much will Nestle receive/pay on its FRA? Indirect material issued to production was $40, 360? 95q represents the table. You're Reading a Free Preview. Iii) Calculate the manufacturing overhead variance for Harriott and state the journal entries. During the most recent month, the company started and completed two jobs--Job A and Job M. Opunui corporation has two manufacturing departments--molding and finishing nailer. There were no beginning inventories. The table displays a relationship between liters and. Estimated total fixed manufacturing overhead cost $30, 000 $3, 400 $33, 400.
Check all that apply. Manufacturing company worked 2, 860 machine hours. F) For manufacturing overhead applied to production for November, given that Harriott. 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. In three months, Nestle rolls over a $25M loan priced at LIBOR3 on a 3 month basis. 7. it dosnt matter wich one you pick your gonna get it right. This is a function because every input has exactly. What can be determined from the table? E) For other manufacturing overhead incurred. 4375% and Nestle buys a "3 x 3" FRA on LIBOR at 5% from Credit Suisse. Necessary to dispose of the variance.
Other transactions incurred:? Suppose the current LIBOR3 is 4. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Finishing Total. Reference no: EM132611276. 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. Of liters is the output. The company uses machine. H) To sell the two completed jobs on account. The company feels that interest rates are rising and that rates will be higher at the next roll-over in three months.
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