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Homework Answers
31.
Since Job 3 was not complete at the end of April 1, hence total cost of Job 3 represents work in process inventory on April 30.
predetermined overhead rate = $20 per machine hour
Machine hour = 300
Overhead applied = predetermined overhead rate x Machine hour
= 20 x 300
= $6,000
Total cost Job 3 = Direct material + Direct labor + Overhead applied
= 8,000 + 16,000 + 6,000
= $30,000
Correct option is (b)
32.
Since Job 2 was completed during April but it was not sold, hence cost of Job 2 represents finished goods inventory on
April 30.
predetermined overhead rate = $20 per machine hour
Machine hour = 200
Overhead applied = predetermined overhead rate x Machine hour
= 20 x 200
= $4,000
Total cost Job 3 = Direct material + Direct labor + Overhead applied
= 4,500 + 13,250 + 4,000
= $21,750
Correct option is (a)
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answer!
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