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The Thomlin Company forecasts that total overhead for the cu…

The Thomlin Company forecasts that total overhead for the current year will be $11,004,000 with 160,000 total machine hours. Year to date, the actual overhead is $7,579,000 and the actual machine hours are 80,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.

For February, sales revenue is $700,000, sales commissions a…

For February, sales revenue is $700,000, sales commissions are 5% of sales, the sales manager’s salary is $96,000, advertising expenses are $90,000, shipping expenses total 2% of sales, and miscellaneous selling expenses are $2,500 plus 1/2 of 1% of sales. Total selling expenses for the month of February are

The debits to Work in Process—Assembly Department for May, t…

The debits to Work in Process—Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $8,000 Conversion costs, 3,000 units, 66.7% completed 6,000 Materials added during May, 10,000 units 30,000 Conversion costs during May 31,000 Goods finished during May, 11,500 units 0 May 31 work in process, 1,500 units, 50% completed 0 All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is