Homework Answers
Calaculation of Amount of overhead applied
It was given that,
Work in process has a debit balance of $3200
And
In work in process,
Direct materials costs are $1400 and labor costs are $800, which are on the debit side of work in process account.
Now,
Overhead applied in work in process is obtained by deducting the costs of direct materials and labor from the debit balance of work in process account.
Therefore, Overhead Applied
= $3200 - ($1400+$800)
= $3200 - $2200
= $1000
_____×_____
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manufacturing Corporation shows a balance of $18,000 at the end of
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and $2,000 for direct labor.
From this information, it appears that the Corporation
is using a predetermined overhead rate, as a percentage of direct
labor costs. Find the percentage.
Question No. 2: What is underapplied overhead and...
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costs of unfinished jobs. Prepare a cost of goods manufactured
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agreement of the control account with the job cost sheets.
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