Exercise 15-13 Adjusting factory overhead LO P4
The following information is available for Lock-Tite Company,
which produces special-order security products and uses a job order
costing system.
April 30 | May 31 | ||||||
Inventories | |||||||
Raw materials | $ | 43,000 | $ | 52,000 | |||
Work in process | 10,200 | 21,300 | |||||
Finished goods | 63,000 | 35,600 | |||||
Activities and information for May | |||||||
Raw materials purchases (paid with cash) | 210,000 | ||||||
Factory payroll (paid with cash) | 345,000 | ||||||
Factory overhead | |||||||
Indirect materials | 15,000 | ||||||
Indirect labor | 80,000 | ||||||
Other overhead costs | 120,000 | ||||||
Sales (received in cash) | 1,400,000 | ||||||
Predetermined overhead rate based on direct labor cost | 70 | % | |||||
Determine whether there is over or underapplied
overhead.
|
Exercise 15-13 Adjusting factory overhead LO P4 The following information is available for Lock-Tite Company, which...
Exercise 15-3 Adjusting factory overhead LO P4 er 15 Saved Exercise 15-13 Adjusting factory overhead LO P4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. Inventories Raw materials Work in process Finished goods $43,00052,000 21,300 35,600 10,200 63,000 Activities and information for May 210,000 345,000 Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs 15,000 80,000 120,000...
ter 15 Saved Help Exercise 15-13 Adjusting factory overhead LO P4 The following information is available for Lock-Tite Company, which produces special-order security products and uses ajob order costing system. April 301 May 311 Inventories Raw materials Work in process Finished goods $43,000 52,000 21,300 35,600 10,200 63, 000 Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead 210,000 345,000 Indirect materials Indirect labor Other overhead costs 15,000 80,000 120,000 1,400,000...
Exercise 15-13 Adjusting factory overhead LO P4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $43,000 10,208 63,088 52,000 21,388 35,600 210.aaa 345,888 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order cost accounting system. Inventories April 30 $43,000 10,200 May 31 $52,000 21,300 Raw materials Work in process Finished goods Activities and information for May: Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 63,000 35,600 210,000 345,000 15,000 80,000...
Exercise 19-7 Cost flows in job order costing P1 P2 P3 P4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $43,000 10,200 63,000 52,000 21,300 35,600 Inventories Raw materials. ........ Work in process.......... Finished goods. .............. Activities and information for May Raw materials purchases (paid with cash).. Factory payroll (paid with cash). Factory overhead Indirect materials....... Indirect labor... Other overhead costs ........... Sales...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $43,000 10,200 63,000 52,000 21,300 35,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 210,000 345,000 15,000 80,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 30 May 31 $ $43,000 10,200 63,000 52,000 21,300 35,600 Inventories Raw materials Work in process Finished goods Metivities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Pactory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 210,000 345.000 15.000 80,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $43,000 10, 200 63,000 52,000 21,300 35,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 210,000 345,000 15,000...
ASAP The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $43,000 10,200 63,000 52,000 21,300 35,600 Inventories Raw materials Work in process Tinished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead coats Sales (received in cash) Predetermined overhead rate based on direct labor coat 210,000 345,000 15,000...
Check my we Exercise 02-13 Adjusting factory overhead LO P4 148 points The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 30 May 31 $ $43,000 10.200 63.000 52.000 21.300 35,600 Inventories Raw materials Work in proces Finished goods Letivities and information for May Raw materiale purchases (paid with cash) Factory payroll (paid with cash) Factory Overhead Indirect materials Indirect labor Other overhead coate Sales received in cash)...