1) TEX CORP HAS THE FOLLOWING BUDGETED DATA: MFG OVERHEAD $380,000 MACH HRS(DRIVER) 50,000 ACTUAL MACH...
1) TEX CORP HAS THE FOLLOWING BUDGETED DATA:
MFG OVERHEAD $380,000
MACH HRS(DRIVER) 50,000
ACTUAL MACH HRS ARE AS FOLLOWS:
JOB 10 10,400
JOB 11 7,800
JOB 12 18,200
JOB 13 15,600
JOB 10,11&12 WERE FINISHED. JOB 10 WAS SOLD. WHAT IS OVERHEAD APPLIED IN COGS?
REFER TO QUESTION 1. ASSUME ACTUAL TOTAL OVERHEAD = $392,000. WHAT IS ACTUAL OVERHEAD IN FINISHED GOODS?
ACTUAL OVERHEAD FINISHED GOODS?
Homework Answers
| Manufacturing Overhead | 380000 |
| MACH HRS (DRIVER) | 50000 |
| Estimated Per Hour Cost = 380000/50000 | $ 7.60 |
| Job 12 = 18200*7.60 | $ 138,320.00 |
| Hence, the Overhead Applied in COGS is $138320 | |
Add Answer to:
1) TEX CORP HAS THE FOLLOWING BUDGETED DATA:
MFG OVERHEAD $380,000
MACH HRS(DRIVER) 50,000
ACTUAL MACH...
Tex Corp has the following budgeted data: MFG Overhead: $380,000 MACH HRS (Driver) are as follows:...
Tex Corp has the following budgeted data: MFG Overhead: $380,000 MACH HRS (Driver) are as follows: Job 10: 10,4000 Job 11: 7,800 Job 12: 18,200 Job 13: 15,600 Jobs 10, 11 & 12 were finished. Job 10 was sold. Assume actual total overhead = $392,000. What is actual overhead in finished goods?
Tex Corp has the following budgeted data: MFG Overhead: $380,000 MACH HRS (Driver) are as follows:...
Tex Corp has the following budgeted data: MFG Overhead: $380,000 MACH HRS (Driver) are as follows: Job 10: 10,4000 Job 11: 7,800 Job 12: 18,200 Job 13: 15,600 Jobs 10, 11 & 12 were finished. Job 10 was sold. What is overhead applied in COGS?
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The Film Company uses a job-order costing system. The following information pertains to the company's activities...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. Materials were purchased on account in December for $54,000 Materials were requisitioned for use...
need help solving e) f) and g) using the following information posted below 1) Write summary...
need help solving e) f) and g) using the following information
posted below
1) Write summary journal entries for Superior Company for the following transactions for the period as calculated/given in the problem on CONNECT. Use the Review Problem at the end of Chapter 2 on page 119 as a reference. a) Purchase of raw material Ruw 266.000 Accont payubie 266,000 b) Transfer of Raw material to Work-in-Process 367,000 CR c) Application of Direct Labor to Work-in-Process WIP 14.000 14,000...
The Film Company uses a job-order costing system. The following information pertains to the company's activities...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. Materials were purchased on account in December for $54,000 Materials were requisitioned for use...
The Film Company uses a job-order costing system. The following information pertains to the company's activities...
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need help solving e) f) and g) using the following information
posted below
1) Write summary journal entries for Superior Company for the following transactions for the period as calculated/given in the problem on CONNECT. Use the Review Problem at the end of Chapter 2 on page 119 as a reference. a) Purchase of raw material Ruw 266.000 Accont payubie 266,000 b) Transfer of Raw material to Work-in-Process 367,000 CR c) Application of Direct Labor to Work-in-Process WIP 14.000 14,000...
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