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How Data is Provided on Excel: Job ID Customer ID 160 Region 1250 East Product Units Produced and Sold Cost per Foot of Leather JACKET 10 Feet of Leather per Unit Produced Direct Labor Cost per Hour Direct Labor Hours Per Unit Produced Sales Price per Unit 18.03 11.9 27.92 0.99 352.05 Description of Data: Job ID Customer ID Region Product Column Name Units Produced and Sold Cost per Foot of Leather Feet of Leather per Unit Produced Direct Labor Cost per Hour Direct Labor Hours Per Unit Produced Description A unique identification number for each job. This ID number cannot be repeated. A unique identification number for each customer. A customer can be associated with multiple jobs. Identifies the region of the corresponding job. Possible values are North, South, East, and West. The product produced and sold for the job. Possible values are shoes or jackets. The number of shoes or jackets produced and sold for the job. Note: An order for 2 shoes is for 2 pairs of shoes. The direct material cost per foot of leather. (e.g., the price of 1 foot of leather.) The number of feet of leather used per unit of output. (e.g. 12 feet of leather to produce 1 jacket). The hourly wage rate for manufacturing employees. (e.g., Employee is paid $31/hour). The number of direct labor hours used to produce 1 unit of output. (e.g., The employee uses 1.05 hours to produce 1 jacket.) The sales price per unit. (e.g., Each jacket is sold for $383.) Sales Price per Unit Question: The budgeted manufacturing overhead rate is 25% of direct material dollars. (Hint: A job that incurs $100 of direct materials will be allocated $25 of manufacturing overhead.) What is the total manufacturing OH applied (in dollars)? Check: The total manufacturing Over Head applied in the North region was $596,209

How Data is Provided on Excel: Job ID Customer ID 160 Region 1250 East Product Units Produced and Sold Cost per Foot of Leather JACKET 10 Feet of Leather per Unit Produced Direct Labor Cost per Hour Direct Labor Hours Per Unit Produced Sales Price per Unit 18.03 11.9 27.92 0.99 352.05 Description of Data: Job ID Customer ID Region Product Column Name Units Produced and Sold Cost per Foot of Leather Feet of Leather per Unit Produced Direct Labor Cost per Hour Direct Labor Hours Per Unit Produced Description A unique identification number for each job. This ID number cannot be repeated. A unique identification number for each customer. A customer can be associated with multiple jobs. Identifies the region of the corresponding job. Possible values are North, South, East, and West. The product produced and sold for the job. Possible values are shoes or jackets. The number of shoes or jackets produced and sold for the job. Note: An order for 2 shoes is for 2 pairs of shoes. The direct material cost per foot of leather. (e.g., the price of 1 foot of leather.) The number of feet of leather used per unit of output. (e.g. 12 feet of leather to produce 1 jacket). The hourly wage rate for manufacturing employees. (e.g., Employee is paid $31/hour). The number of direct labor hours used to produce 1 unit of output. (e.g., The employee uses 1.05 hours to produce 1 jacket.) The sales price per unit. (e.g., Each jacket is sold for $383.) Sales Price per Unit Question: The budgeted manufacturing overhead rate is 25% of direct material dollars. (Hint: A job that incurs $100 of direct materials will be allocated $25 of manufacturing overhead.) What is the total manufacturing OH applied (in dollars)? Check: The total manufacturing Over Head applied in the North region was $596,209

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How Data is Provided on Excel: Job ID Customer ID 160 Region 1250 East Product Units Produced and Sold Cost per Foot of Leather JACKET 10 Feet of Leather per Unit Produced Direct Labor Cost per Hour Direct Labor Hours Per Unit Produced Sales Price per Unit 18.03 11.9 27.92 0.99 352.05 Description of Data: Job ID Customer ID Region Product Column Name Units Produced and Sold Cost per Foot of Leather Feet of Leather per Unit Produced Direct Labor Cost per Hour Direct Labor Hours Per Unit Produced Description A unique identification number for each job. This ID number cannot be repeated. A unique identification number for each customer. A customer can be associated with multiple jobs. Identifies the region of the corresponding job. Possible values are North, South, East, and West. The product produced and sold for the job. Possible values are shoes or jackets. The number of shoes or jackets produced and sold for the job. Note: An order for 2 shoes is for 2 pairs of shoes. The direct material cost per foot of leather. (e.g., the price of 1 foot of leather.) The number of feet of leather used per unit of output. (e.g. 12 feet of leather to produce 1 jacket). The hourly wage rate for manufacturing employees. (e.g., Employee is paid $31/hour). The number of direct labor hours used to produce 1 unit of output. (e.g., The employee uses 1.05 hours to produce 1 jacket.) The sales price per unit. (e.g., Each jacket is sold for $383.) Sales Price per Unit Question: The budgeted manufacturing overhead rate is 25% of direct material dollars. (Hint: A job that incurs $100 of direct materials will be allocated $25 of manufacturing overhead.) What is the total manufacturing OH applied (in dollars)? Check: The total manufacturing Over Head applied in the North region was $596,209
Transcribed Image Text:How Data is Provided on Excel: Job ID Customer ID 160 Region 1250 East Product Units Produced and Sold Cost per Foot of Leather JACKET 10 Feet of Leather per Unit Produced Direct Labor Cost per Hour Direct Labor Hours Per Unit Produced Sales Price per Unit 18.03 11.9 27.92 0.99 352.05 Description of Data: Job ID Customer ID Region Product Column Name Units Produced and Sold Cost per Foot of Leather Feet of Leather per Unit Produced Direct Labor Cost per Hour Direct Labor Hours Per Unit Produced Description A unique identification number for each job. This ID number cannot be repeated. A unique identification number for each customer. A customer can be associated with multiple jobs. Identifies the region of the corresponding job. Possible values are North, South, East, and West. The product produced and sold for the job. Possible values are shoes or jackets. The number of shoes or jackets produced and sold for the job. Note: An order for 2 shoes is for 2 pairs of shoes. The direct material cost per foot of leather. (e.g., the price of 1 foot of leather.) The number of feet of leather used per unit of output. (e.g. 12 feet of leather to produce 1 jacket). The hourly wage rate for manufacturing employees. (e.g., Employee is paid $31/hour). The number of direct labor hours used to produce 1 unit of output. (e.g., The employee uses 1.05 hours to produce 1 jacket.) The sales price per unit. (e.g., Each jacket is sold for $383.) Sales Price per Unit Question: The budgeted manufacturing overhead rate is 25% of direct material dollars. (Hint: A job that incurs $100 of direct materials will be allocated $25 of manufacturing overhead.) What is the total manufacturing OH applied (in dollars)? Check: The total manufacturing Over Head applied in the North region was $596,209
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