Total cost added during July = Ending Balance – Beginning Balance
= 1500-700
= $800
Prime cost = Direct Material + Direct labor
Overhead applied = Total cost – prime cost
= 800-680
= $120
Direct Labor = 680/4 = $170
Direct material = 170*3 = $510
3.Rate = 120/170
= 71%
Rate = 240,000/80,000
= $3 per direct labor hour
2.Overhead applied = 3*8250 = $24,750
3.Year = 3*79600 = $238,800
Unapplied by 246000-238800 = $7,200
ex.04.38 Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $700. During...
Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $740. During July, prime costs added to the job totaled $610. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,600. Required: 1. What was overhead applied to the job during July? $ 1,350 x 2. What was direct materials for Job 46 for July? Direct labor? If rounding is required, round your answers to the...
04.39
Calculating the Predetermined Overhead Rate, Applying Overhead to Production. Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Underand Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead $240,000 Direct labor hours 80,000 Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,250. By the end of the year, Han showed the following actual amounts:...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Under- and Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead $240,000 Direct labor hours 80,000 Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,450. By the end of the year, Han showed the following actual amounts:...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the end of the Year, Adjusting Cost of Goods Sold for Under- and Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead $160,000 Direct labor hours 80,000 Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,450. By the end of the year, Han showed the following actual amounts:...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Under- and Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead $280,000 Direct labor hours 70,000 Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,550. By the end of the year, Han showed the following actual amounts:...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Under- and Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead $180,000 Direct labor hours 90,000 Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,150. By the end of the year, Han showed the following actual amounts:...
4 Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Under- and Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead $210,000 Direct labor hours 70,000 Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,350. By the end of the year, Han showed the following actual...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Under- and Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead $210,000 Direct labor hours 70,000 Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,150. By the end of the year, Han showed the following actual amounts:...
3 eBook Calculator Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Under- and Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead $360,000 Direct labor hours 90,000 Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,550. By the end of the year, Han showed the...
Job Costs Using Activity-Based Costing Heitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the year is as follows: Activity Cost Driver Amount of Driver Materials handling $56,250 Number of moves 2,500 Engineering 142,500 Number of change orders 9,500 Other overhead 209,100 Direct labor hours 51,000 Heitger worked on four jobs in July. Data are as follows: Job 13-43 Job 13-44 Job...