The Putney Company reports the following information:   …

The Putney Company reports the following information:    Sales $76,500 Cost of direct materials used in production $7,300 Depreciation on factory equipment $4,700 Indirect labor $5,900 Direct labor $10,500 Factory rent $4,200 Factory utilities $1,200 Sales salaries expense $15,600 Office salaries expense $8,900 Indirect materials $1,200 What are the Product costs and Period costs?

A manufacturing company applies factory overhead based on di…

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $358,400 and direct labor hours would be 46,200. Actual manufacturing overhead costs incurred were $305,800, and actual direct labor hours were 50,100. Round any intermediary calculations to 2 decimal places. What would the entry to apply the factory overhead costs for the year include?

The Aleutian Company produces two products, Rings and Dings….

The Aleutian Company produces two products, Rings and Dings. They are manufactured in two departments—Fabrication and assembly. Data for the products and departments are listed below.   Product Number of Units Labor HoursPer Unit Machine HoursPer Unit Rings 1,120 2 8 Dings 1,790 5 7   All of the machine hours take place in the Fabrication Department, which has an estimated overhead of $87,500. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $71,200. The Aleutian Company uses departmental overhead rates. The Fabrication Department uses machine hours for an allocation base, and the Assembly Department uses labor hours. What is the Assembly Department overhead rate per labor hour?