Question

Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:

Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hour

= $190000/ 19000

= $10 per DLH

Applied overhead for the month = Actual Direct labor hours * Predetermined overhead rate per DLH

= 1900 * $10

= $19,000

Journal entry is:

Transaction Credit General Journal Work in process inventory Manufacturing overhead Debit $19,000 $19,000 (to record overhead

Add a comment
Know the answer?
Add Answer to:
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $172,040. Estimated direct labor cost was $437,580 for 18,700 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,870 hours) $ 43,759 Indirect costs Indirect labor 2,530 Indirect materials 3,340 Factory rent 3,360 Factory supervision 4,710 Factory...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $186,120. Estimated direct labor cost was $469,260 for 19,800 hours. Actual costs for the most recent month are summarized here: Total Cost $ 46,927 Item Description Direct labor (1,900 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory Janitorial work...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $198,970. Estimated direct labor cost was $474,770 for 19,700 hours. Actual costs for the most recent month are summarized here: Total Cost $ 47, 478 Item Description Direct labor (1,970 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $191,040. Estimated direct labor cost was $493,520 for 19,900 hours. Actual costs for the most recent month are summarized here: Total Item Description Direct labor (1,990 hours) Cost $49,353 Indirect costs Indirect labor 2,470 3,450 3,220 4,850 5,790 1,220 1,890 4,270 5,320 Indirect materials Factory...

  • 4 Verizox Company uses a job order cost system with manufacturing overhead applied to products based...

    4 Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $186,120. Estimated direct labor cost was $469,260 for 19,800 hours. oints Actual costs for the most recent month are summarized here: Total Cost $ 46,927 Iten Description Direct labor (1,980 hours) Indirect costs Indirect labor Indirect materials eBook 2,540 3,45e 3,210 4,770 5,740 1,220...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $171,990. Estimated direct labor cost was $455,490 for 18,900 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,890 hours) $ 45,550 Indirect costs Indirect labor 2,550 Indirect materials 3,360 Factory rent 3,390 Factory supervision 4,850 Factory...

  • Vertzox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Vertzox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $194000 Estimated direct labor cost was $459 70 for 19.400 hours Actual costs for the most recent month are summarted here Total & waren 2. Item Description Direct Labor (1.9 hours) Tere Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory S torial...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $197,000. Estimated direct labor cost was $486,590 for 19,700 hours. Actual costs for the most recent month are summarized here:    Item Description Total Cost Direct labor (1,970 hours) $ 48,660 Indirect costs Indirect labor 2,410 Indirect materials 3,320 Factory rent 3,340 Factory supervision 4,780 Factory...

  • 4. Verizox Company uses a job order cost system with manufacturing overhead applied to products based...

    4. Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,160. Estimated direct labor cost was $491,960 for 19,600 hours. Actual costs for the most recent month are summarized here: $ Total Cost 49,197 Item Description Direct labor (1,960 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $175,570. Estimated direct labor cost was $448,880 for 18,100 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,810 hours) $ 44,889 Indirect costs Indirect labor 2,590 Indirect materials 3,420 Factory rent 3,240 Factory supervision 4,750 Factory...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT