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At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,040,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,307,400. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 70,000 59,000 $499,000 1. Determine the...
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At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,160,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,494,300. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 85,000 57.000 $512,000 1. Determine the...
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At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $640,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $1,614,600. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 81,000 51,000 $502,000 1. Determine the...
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At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,000,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,321,700. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $400,000 71,000 54,000 $525,000 1. Determine the...
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At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,240,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,729,100. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $420,000 76,000 59,000 $555,000 1. Determine the...
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At the beginning of the year, Custom Mfg established its predetermined overhead rate by using the following cost predictions: overhead costs $510,000, and direct materials costs, $300,000. At year-end, the company's records show that actual overhead costs for the year are $948.200. Actual direct materials cost had been assigned to jobs as follows. $410,000 Jobs completed and sold Jobs in Finished goods Inventory Jobs in work in process inventory Total actual direct materials cost 59.000 $552.000 1. Determine the predetermined...
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At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs $960,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,183,500. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $350,000 84,000 55,000 $489,000 1. Determine the...
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At the beginning of the year, Custom Mfg established its predetermined overhead rate by using the following cost predictions: Overhead costs $140 000, and direct materials costs, $100,000. At year-end, the company's records show that actual overhead costs for the year are $727500 Actual direct materials cost had been assigned to jobs as follows Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $30,000 74. DOO 59.000 $513,000 1....
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At the beginning of the year, Custom Mfg established its predetermined overhead rate by using the following cost predictions: overhead costs, $900,000, and direct materials costs, $500,000. At year-end, the company's records show that actual overhead costs for the year are $984,600. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory 59,000 $400,000 83,000 Total actual direct materials $542,000 cost 1. Determine the...
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At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,560,000, and direct materials costs, $600,000. At year-end, the company's records show that actual overhead costs for the year are $1,403,200. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold $410,000 Jobs in finished goods inventory 73,000 Jobs in work in process inventory 53,000 Total actual direct materials $536,000 cost 1. Determine the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,040,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,307,400. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 70,000 59,000 $499,000 1. Determine the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,160,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,494,300. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 85,000 57.000 $512,000 1. Determine the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $640,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $1,614,600. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 81,000 51,000 $502,000 1. Determine the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,000,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,321,700. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $400,000 71,000 54,000 $525,000 1. Determine the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,240,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,729,100. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $420,000 76,000 59,000 $555,000 1. Determine the...
At the beginning of the year, Custom Mfg established its predetermined overhead rate by using the following cost predictions: overhead costs $510,000, and direct materials costs, $300,000. At year-end, the company's records show that actual overhead costs for the year are $948.200. Actual direct materials cost had been assigned to jobs as follows. $410,000 Jobs completed and sold Jobs in Finished goods Inventory Jobs in work in process inventory Total actual direct materials cost 59.000 $552.000 1. Determine the predetermined...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs $960,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,183,500. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $350,000 84,000 55,000 $489,000 1. Determine the...
At the beginning of the year, Custom Mfg established its predetermined overhead rate by using the following cost predictions: Overhead costs $140 000, and direct materials costs, $100,000. At year-end, the company's records show that actual overhead costs for the year are $727500 Actual direct materials cost had been assigned to jobs as follows Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $30,000 74. DOO 59.000 $513,000 1....
At the beginning of the year, Custom Mfg established its predetermined overhead rate by using the following cost predictions: overhead costs, $900,000, and direct materials costs, $500,000. At year-end, the company's records show that actual overhead costs for the year are $984,600. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory 59,000 $400,000 83,000 Total actual direct materials $542,000 cost 1. Determine the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,560,000, and direct materials costs, $600,000. At year-end, the company's records show that actual overhead costs for the year are $1,403,200. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold $410,000 Jobs in finished goods inventory 73,000 Jobs in work in process inventory 53,000 Total actual direct materials $536,000 cost 1. Determine the...