Homework Answers
4.
A) the three categories are - direct material , direct labor and manufacturing overhead.
B ) Work in process account will increase when assigned manufacturing cost.
C) finished goods account is increased when transferring a completed job.
D) cost of goods sold account is increased when sold a completed job.
5. Predetermined overhead is calculated based on estimated not actual overhead.
Predetermined overhead rate = $15000000/200000 = $75 per hour
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4. Answer the questions below to describe the flow of costs in a Job Order Costing...
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[The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication The company provided the following estimates at the beginning of the year Molding Fabrication Total Machine-hours 21,000 33,000 54,000 Fixed manufacturing overhead cost $740, eee $ 260,000 $1,000,000 Variable manufacturing overhead cost per machine-hour $ 4.60 1.50 $ During the year, the company had no beginning or ending inventories and it started, completed, and sold only two...
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