The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to:

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor. The job was not finished by the end of September, but needed an additional $3,000 of direct materials and additional direct labor of $6,500 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B?

B&T Company’s production costs for May are: direct labor, $13,000; indirect labor, $6,500; direct materials, $15,000; property taxes on production facility, $800; factory heat, lights and power, $1,000; and insurance on plant and equipment, $200. B&T Company’s factory overhead incurred for May is:

Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year:         Work in Process, January 1 $ 50,000   Work in Process, December 31   37,000   Direct materials used $ 12,500   Total factory overhead   5,500   Direct labor used   26,500    

[The following information applies to the questions displayed below.]Angle Max Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year’s expected costs and activities are shown below.   Assembly Finishing Direct labor hours   100,000 DLH   140,000 DLH Machine hours   300,000 MH   60,000 MH Overhead costs $ 300,000   $ 420,000   Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead based on direct labor hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 2.5 machine hours in the Assembly Department, and 3.5 direct labor hours and 0.5 machine hours in the Finishing Department?

Flash Company produces lamps. All of the following are direct costs except:

Shown below is a Lineweaver-Burke plot displaying the kinetics for an enzyme catalyzed reaction that was conducted with 800 pmol of enzyme in both the absence and presence of a 100 µM concentration of an inhibitor.   What is the value of Vmax for the inhibited line?   Answer to 2 sf please.

At year-end, Marshall Enterprise’s Factory Overhead account has a credit balance of $5,000, which is not a material amount. What entry should Marshall make at year-end?

Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $400,000, and direct labor costs to be $2,000,000. Actual overhead costs for the year totaled $380,000, and actual direct labor costs totaled $1,800,000. At year-end, the balance in the Factory Overhead account is a:

Which of the following is not part of the production activity in the flow of manufacturing activities?