Bryant Eyewear manufactures discount eyeglasses. The company…

Bryant Eyewear manufactures discount eyeglasses. The company is trying to determine the amount of plastic material used in production during the current year. The inventory manager has in his records that the beginning inventory for the plastic material was $27300 and that the ending inventory for the plastic material is $35800, both based on a physical count. After contacting the purchasing department, it was determined that three separate purchases were made during the year as follows: March 15 $41700 July 23 $37100 October 7 $55900 How much of the plastic material was used to produce glasses during the current year?

Beta Company, a highly automated manufacturer, compiled the…

Beta Company, a highly automated manufacturer, compiled the following data for the current period: Budgeted Manufacturing Overhead $613000 Budgeted Direct Labor Hours 200000 hours Budgeted Direct Labor Cost $313000 Budgeted Machine Hours 100000 machine hours Actual Manufacturing Overhead incurred $583000 Actual Direct Labor Hours used 123000 hours Actual Machine Hours used 93000 hours Assuming that Beta Company uses machine hours as a cost driver, determine the amount of overapplied or underapplied overhead for the current period.

Cardinal Industries has the following activity and cost data…

Cardinal Industries has the following activity and cost data for the past year: MachineHours R&M Costs 385 $12340 431 13162 648 16340 348 12140 467 17888 588 15777 451 13866 606 16083 629 16937 418 13001 458 13361 618 16157 578 16004 What will the total cost be when 603 units are produced?

Wildhorse Tortillas is about to begin its third year of oper…

Wildhorse Tortillas is about to begin its third year of operations. It planned on completing its last batch for the current year but due to inclement weather, the factory had to unexpectedly shut down which left the batch incomplete. The company has compiled the following production information for the current year: Tortillas started: 37300 units Already in process at the beginning of the year: 1150 units Complete at year-end: 34959 units Conversion: 76% complete at year end Wildhorse uses the Weighted-Average method and adds all of its Direct Materials (DM) at the beginning of the process. How many physical units will Wildhorse have in its ending inventory?

Lisa has been allocating Manufacturing Overhead (MOH) costs…

Lisa has been allocating Manufacturing Overhead (MOH) costs to her products using a single plant-wide rate of $15.00 per Direct Labor (DL) hour. A recent job required 352 DL hours, 44 production runs, 26 quality inspections, and 21 factory supervisor hours. Based on the increased activity, the accountants are suggesting a transition to Activity-Based Costing (ABC) and have suggested the following rates: Materials Handling: $9.20 per direct labor hour Production Setup: $18.00 per production run Quality Inspections: $5.00 per inspection Factory Supervisor: $12.10 per supervisor hour Assuming that Lisa makes the switch to ABC, what are the total MOH costs allocated to the most recent production run?

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