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

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

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Answer 1

Answer #1

Req. : 1/2/3a)
Pre-determined overhead rate based on DLH = Estimated Manuf. Overhead / Estimated DLHs
186120 / 19800 hours = $9.40 per DLH

Journal Entries for overhead :

No.	Transaction	General Journal	Debit $	Credit $
1	a	Work in Process Inventory	18612		(1980*9.40)
		Manufacturing overhead		18612
		(overhead costs applied to production)

	b	Manufacturing overhead	22740
		Indirect labor		2540
		Indirect material		3450
		Factory rent		3210
		Factory supervision		4770
		Factory depreciation		5740
		Factory Janitorial work		1220
		Factory Insurance		1810
		(the actual manufacturing overhead incurred)

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Answer 2

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