see attachment
alishvallen20w0
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Running head: WEEK 4 Wiley Plus Assignment
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WEEK 4: Wiley Plus Assignment |
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Wiley Plus Assignment – Week 4
ECO/561
Alisha Allen
October 26, 2015
Dr. Alfred Igbodipe
15-5 Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $291,410 for the year, and machine usage is estimated at 126,700 hours.
For the year, $306,728 of overhead costs are incurred and 130,900 hours are used.
Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.)
Manufacturing overhead rate $_____________________ per machine hour
16-3 The ledger of Custer Company has the following work in process account.
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Work in Process—Painting |
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5/1 |
Balance |
4,110 |
5/31 |
Transferred out |
? |
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5/31 |
Materials |
6,130 |
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5/31 |
Labor |
2,920 |
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5/31 |
Overhead |
1,510 |
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5/31 |
Balance |
? |
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Production records show that there were 590 units in the beginning inventory, 30% complete, 1,420 units started, and 1,550 units transferred out. The beginning work in process had materials cost of $2,400 and conversion costs of $1,710. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.
(a) How many units are in process at May 31?
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Work in process, May 31 |
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units |
(b) What is the unit materials cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)
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The unit materials cost for May |
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$ |
(c) What is the unit conversion cost for May? (Round unit costs to 2 decimal places, e.g. 2.25.)
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The unit conversion cost for May |
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$ |
Warning
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17-1
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