Kirkaid Company recorded the following transactions for the just completed month: a. $102,000 in raw materials...
Kirkaid Company recorded the following transactions for the just
completed month:
a. $102,000 in raw materials were requisitioned for use in production. Of this amount, $81,000 was for direct materials and the remainder was for indirect materials.
b. Total labor wages of $126,000 were incurred. Of this amount, $114,000 was for direct labor and the remainder was for indirect labor.
c. Additional actual manufacturing overhead costs of $206,000 were incurred.
d. A total of $247,000 in manufacturing overhead was applied to jobs.
Required:
Determine the underapplied or overapplied overhead for the mont
Homework Answers
Actual manufacturing overheads = ($102,000 - $81,000) + ($126,000 - $114,000) + $206,000
= $239,000
Applied manufacturing overhead is more than actual manufacturing overhead incurred.
Overhead is overapplied.
= $247,000 - $239,000
= $8,000 Overapplied
Add Answer to:
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