Statement showing cost of Goods Manufactured | |||
Beginning WIP, January 1 | $41,500.00 | ||
Direct Materials: | |||
Direct Materials Inventory, January 1 | $21,500.00 | ||
Direct Materials Purchased During The Year | $415,000.00 | ||
Total Direct Materials Available For Use | $436,500.00 | ||
Direct Materials Inventory, December 31 | -$31,500.00 | ||
Direct Materials Used | $405,000.00 | ||
Direct Labor | $75,000.00 | ||
Manufacturing Overhead: | |||
Indirect Material | $16,500.00 | ||
Indirect Labor | $145,000.00 | ||
Property Tax Factory | $9,500.00 | ||
Utilities Factory | $85,000.00 | ||
Depreciation Factory | $231,700.00 | ||
Insurance Factory | $11,500.00 | ||
Total Manufacturing Overhead | $499,200.00 | ||
Total Manufacturing Costs | $979,200.00 | ||
Total Cost Of WIP During The Year | $1,020,700.00 | ||
Ending Wip, December 31 | -$71,500.00 | ||
Cost Of Goods Manufactured During The Year | $949,200.00 |
Computation of Under applied / Over applied Overhead | |
Applied Overhead ( 21200 Machine HourX $24) | $508,800.00 |
Actual Manufacturing Overhead | $499,200.00 |
Over applied Overhead | $9,600.00 |
U S Ur er 3 Homework Seved Help Save & EC Chec Manufacturing overhead costs incurred:...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 16.500 145.000 9,5ee 85,000 231,700 11,500 $ 499, 2ee Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $415.000...
$ 16,600 146,000 9,600 86,000 252,700 11,600 $ 522,500 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $416,000 $ 76,000 $ 21,600 $ 31,600 $ 41,600 $ 71,600 The company uses a predetermined overhead rate of...
$ 15,000 130,000 8,000 70,000 240,000 10,000 $ 473,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 400,000 $ 60,000 $ 20,000 $ 30,000 $ 40,000 $ 70,000 The company uses a predetermined overhead rate...
Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) $400,00e Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,00e 130,e00 8,000 240,000 10,000 $473,00e $ 20,00e 30,000 $ 40,000e $ 70,00e The company uses a predetermined overhead rate of $25 per machine-hour to apply...
Homework Saved Help Save Exercise 3-7 Applying Overhead; Cost of Goods Manufactured (LO3-3, LO3-4) The following cost data relate to the manufacturing activities of Chang Company during the just completed year $ 16,500 145,000 9.500 85,000 231.700 11,500 $ 499,200 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials,...
Manufacturing overhead costs incurred Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factoryy Insurance, factory $ 15,900 139,000 8,900 79,000 150,300 10,900 Total actual manufacturing overhead costs incurred $ 404,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $ 409,000 $ 69,000 Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 20,900 $ 30,900 $ 40,900 $ 70,900 The company uses a predetermined overhead rate to...
juattoleE year Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories Raw materials, beginning Raw materlals, ending work in process, beginning Work in process, ending $ 16,6e8 146,eee 9,600 86,eee 252,700 11,6e0 $522,5e0 $ 416,000 $76,e00 $ 21,600 $ 31,6e0 $ 41.6ee $ 71.600 The company uses a predetermined overhead rate...
Exercise 3-7 Applying Overhead; Cost of Goods Manufactured [LO3-3, LO3-4) The following cost data relate to the manufacturing activities of Chang Company during the just completed year. $ 15,700 137,000 8, 7ee 77,000 270,900 10,700 $ 520, eee Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw...
Ti Chapter 3 - Homework ata relate to the manufacturing activities of Chang Company during the just completed year: $ 16,400 144,000 9,400 84,000 210,900 11,400 $ 476, 100 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process,...
$ 15,500 135,000 8,500 75,000 230, 700 10,500 $475,200 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $405,000 $ 65,000 $ 20,500 $ 30,500 $ 40,500 $ 70,500 The company uses a predetermined overhead rate of...