Entries by Munene david

During March 2019, Virginia Bay Corporation recorded $275,000 of costs

May 6, 2020 in /by

During March 2019, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead. Alpha’s overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $300,000 would be incurred, and 7,200 direct labor hours would be worked. During March, 11,000 hours were actually worked. Use this information to determine the […]

 

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During March 2019, Alaska Corporation recorded $230,000 of costs

May 6, 2020 in /by

During March 2019, Alaska Corporation recorded $230,000 of costs related to factory overhead. Alaska’s overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $250,000 would be incurred, and 12,500 direct labor hours would be worked.  During March, 11,700 hours were actually worked. Use this information to determine the amount […]

 

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Annapolis Company manufactures quality boating apparel

May 6, 2020 in /by

Annapolis Company manufactures quality boating apparel.  The following selected financial information for the fiscal year 2018 is provided: Sales $850,000 Beginning Raw Material Inventory 74,000 Direct Material Purchased 308,000 Factory Overhead 90,000 Finished Goods Inventory – January 1 144,000 Work in Process – January 1 74,000 Work in Process – December 31 98,000 Ending Raw Material […]

 

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Annapolis Company manufactures quality boating apparel

May 6, 2020 in /by

Annapolis Company manufactures quality boating apparel. The following selected financial information for the fiscal year 2018 is provided: Item Amount Sales $850,000 Beginning Raw Material Inventory 74,000 Direct Material Purchased 308,000 Factory Overhead 90,000 Finished Goods Inventory – January 1 144,000 Work in Process – January 1 74,000 Work in Process – December 31 98,000 Ending […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"