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Opunui Corporation has two manufacturing departments--Molding and Finishing. 7. it dosnt matter wich one you pick your gonna get it right. C) For total manufacturing labour incurred in November. Iii) Calculate the manufacturing overhead variance for Harriott and state the journal entries. Indirect material issued to production was $40, 360? The number of quarts is the input, and the number.
The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Finishing Total. Estimated total fixed manufacturing overhead cost $30, 000 $3, 400 $33, 400. E) For other manufacturing overhead incurred. Necessary to dispose of the variance. Data concerning those two jobs follow: Job A Job M. Opunui corporation has two manufacturing departments--molding and finishing wood. Direct materials $14, 700 $8, 400. Manufacturing company worked 2, 860 machine hours. 95q represents the table. Of liters is the output. You're Reading a Free Preview. 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. Finishing machine-hours 400 600.
Direct labor cost $21, 600 $8, 400. Other transactions incurred:? In three months, Nestle rolls over a $25M loan priced at LIBOR3 on a 3 month basis. 4375% and Nestle buys a "3 x 3" FRA on LIBOR at 5% from Credit Suisse. The Harriott manufacturing company uses job order costing system.
Interpreting a Function. The company feels that interest rates are rising and that rates will be higher at the next roll-over in three months. Everything you want to read. Represented direct labour.? V) Calculate the gross profit earned by Harriott on the jobs completed. B) For indirect material issued to production in November. Check all that apply. Total manufacturing labour incurred in November was $368, 000, 75% of this amount. Opunui corporation has two manufacturing departments--molding and finishing nail. Pages 33 to 40 are not shown in this preview. Reward Your Curiosity. The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places. Problem 1: Assume that the company uses a plant wide predetermined manufacturing overhead rate based on machine-hours. 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. 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. Suppose the current LIBOR3 is 4. What can be determined from the table? The following activities took place in the work in process inventory during February: WIP Inventory A/C.
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