Assume the following information from a schedule of cost of…

Assume the following information from a schedule of cost of goods manufactured:    Beginning work in process inventory $ 30,000   Direct materials used in production $ 50,000   Manufacturing overhead applied to work in process $ 90,000   Total manufacturing costs to account for $ 214,000   Ending work in process inventory $ 72,000   What is the direct labor cost?

Jam Corporation uses a predetermined overhead rate based on…

Jam Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year:       Direct materials $ 6,000 Direct labor $ 20,000 Rent on factory building $ 15,000 Sales salaries $ 25,000 Depreciation on factory equipment $ 8,000 Indirect labor $ 12,000 Production supervisor’s salary $ 15,000  Jam estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate per hour will be:

RHS Corporation uses a predetermined overhead rate based on…

RHS Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for next year:       Direct materials $ 1,000 Direct labor $ 3,000 Sales commissions $ 4,000 Salary of production supervisor $ 2,000 Indirect materials $ 400 Advertising expense $ 800 Rent on factory equipment $ 1,000  RHS estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be:

On April 1st, an automobile manufacturer had no beginning in…

On April 1st, an automobile manufacturer had no beginning inventories and, it purchased 8,400 batteries at a cost of $90 per battery. It withdrew 7,800 batteries from the storeroom during the month. Of these, 50 were used to replace batteries in cars being used by the company’s traveling sales staff. The remaining batteries withdrawn from the storeroom were installed in cars being manufactured by the company. Of the cars in production during April, 80 percent were completed and transferred from work in process to finished goods. Of the cars completed during the month, 20 percent were unsold on April 30th.How much of the total battery cost would be included in Work in Process at the end of April?

Lee Corporation uses a job-order costing system. The followi…

Lee Corporation uses a job-order costing system. The following data are for last year:       Work in process beginning balance $ 10,500 Work in process ending balance $ 19,000 Cost of goods manufactured $ 323,000 Direct materials $ 115,000 Direct Labor $ 78,000  Lee applies overhead using a predetermined rate. What amount of overhead was applied to work in process last year?