A company has two production cost centres, M and L M absorbs overheads on the basis of machine Labsorbs overheads on the basis of labour hours. The following information is available for the next Cost centre Allocated and apportioned production overheads $400,000 Direct labour hours 50,000 Machine hours 80,000 M Job ABC will require four machine hours and three labour hours in each of the two production cost c How much production overhead will be absorbed by job ABC? O $31 O $44 $32 $64 $600,000 150,000 30,000

A company has two production cost centres, M and L M absorbs overheads on the basis of machine Labsorbs overheads on the basis of labour hours. The following information is available for the next Cost centre Allocated and apportioned production overheads $400,000 Direct labour hours 50,000 Machine hours 80,000 M Job ABC will require four machine hours and three labour hours in each of the two production cost c How much production overhead will be absorbed by job ABC? O $31 O $44 $32 $64 $600,000 150,000 30,000

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Description: Please provide answer in text (Without image) A company has two production cost centres, M and L M absorbs overheads on the basis of machine hours andLabsorbs overheads on the basis of labour hours. The following information is available for the next

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 9EB: A new company started production. Job 1 was completed, and Job 2 remains in production. Here is the...

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Cost Flows Consider the following independent jobs. Overhead is applied in Department 1 at the rate of 6 per direct labor hour. Overhead is applied in Department 2 at the rate of 8 per machine hour. Direct labor wages average 10 per hour in each department. Required: Fill in the missing data for each job.
Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hours
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The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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