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Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing: Best Florists & Flower Delivery In Homestead, Fl

Opunui Corporation has two manufacturing departments--Molding and Finishing. Sold on account at a margin of 33? 95q represents the table. Estimated variable manufacturing overhead cost per MH $ 2. G) To move the completed jobs into finished goods inventory. Other manufacturing overhead costs incurred for November amounted to $340, 490.?

Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Oils

Represented direct labour.? The table displays a relationship between liters and. The company feels that interest rates are rising and that rates will be higher at the next roll-over in three months. D) To assign manufacturing labour to the appropriate accounts. H) To sell the two completed jobs on account.

Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Material

Two jobs were completed with total costs of $384, 000 & $270, 000 respectively. Iii) Calculate the manufacturing overhead variance for Harriott and state the journal entries. Opunui corporation has two manufacturing departments--molding and finishing in oven. An advantage of the standard deviation is that it uses all the observations in its computation. Check all that apply. This is a function because every input has exactly. Molding machine-hours 2, 700 1, 300. Reference no: EM132611276.

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4375% and Nestle buys a "3 x 3" FRA on LIBOR at 5% from Credit Suisse. You're Reading a Free Preview. Required: i) Compute Harriott's predetermined manufacturing overhead rate for 2020. ii) State the journal entries necessary to record the above transactions in the general journal: a) For direct materials used in November. Opunui corporation has two manufacturing departments--molding and finishing under one. C) For total manufacturing labour incurred in November. Everything you want to read. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Finishing Total. F) For manufacturing overhead applied to production for November, given that Harriott.

Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Solutions

Hours to apply overhead cost to jobs. Estimated total machine-hours (MHs) 4, 000 1, 000 5, 000. Of liters is the output. In three months, Nestle rolls over a $25M loan priced at LIBOR3 on a 3 month basis. Manufacturing company worked 2, 860 machine hours. Opunui corporation has two manufacturing departments--molding and finishing oils. Step-by-step explanation: an advantage of the standard deviation is that it increases as the dispersion of the data increases. Interpreting a Function. Suppose the current LIBOR3 is 4. Total manufacturing labour incurred in November was $368, 000, 75% of this amount.

Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Inc

7. it dosnt matter wich one you pick your gonna get it right. B) For indirect material issued to production in November. Iv) What is balance on the Cost of Goods Sold account after the adjustment. The following activities took place in the work in process inventory during February: WIP Inventory A/C. Direct labor cost $21, 600 $8, 400.

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Other transactions incurred:? Vi) Determine the balance in work in process inventory on November 30. What can be determined from the table? At the beginning of 2020, the company estimated that 31, 400. machine hours would be worked and $5, 024, 000 overhead cost would be incurred during 2020. During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. How much will Nestle receive/pay on its FRA? The number of quarts is the input, and the number. This table displays a scenario. Indirect material issued to production was $40, 360? The Harriott manufacturing company uses job order costing system. Reward Your Curiosity. The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places.

Opunui Corporation Has Two Manufacturing Departments--Molding And Finishing Under One

V) Calculate the gross profit earned by Harriott on the jobs completed. E. the interquartile range is preferred when the data are not skewed or no have outliers. Direct Materials Used. Pages 33 to 40 are not shown in this preview.

After three months, interest rates have fallen to 4. Estimated total fixed manufacturing overhead cost $30, 000 $3, 400 $33, 400. Data concerning those two jobs follow: Job A Job M. Direct materials $14, 700 $8, 400. The company uses machine. 95 liters in every quart. Necessary to dispose of the variance. Finishing machine-hours 400 600.

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