Requirement 1
Overheads applied | $ 398,000 |
Actual overheads | $ 390,000 |
Overheads Over-applied | $ 8,000 |
Requirement 2
CHANG COMPANY | ||
Cost of Goods manufactured | ||
Direct Material | ||
Raw material Inventory Beginning | $ 20,200 | |
Raw material Purchased | $ 386,800 | |
Raw material available for use | $ 407,000 | |
Less: Raw material Inventory Ending | $ 30,200 | |
Direct Material Used | $ 376,800 | |
Direct labor | $ 62,000 | |
Manufacturing Overheads applied | $ 398,000 | |
Total manufacturing Cost | $ 836,800 | |
Add: Beginning Work in Progress | $ 40,200 | |
Total Cost of Work in Progress | $ 877,000 | |
Less: Ending Work in progress | $ 70,200 | |
Cost of Goods Manufactured | $ 806,800 |
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufac...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 15,200 Indirect labor 132,000 Property taxes, factory 8,200 Utilities, factory 72,000 Depreciation, factory 152,400 Insurance, factory 10,200 Total actual manufacturing overhead costs incurred $ 390,000 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 402,000 Direct labor cost $ 62,000 Inventories: Raw materials, beginning $ 20,200 Raw materials, ending $...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 15,200 Indirect labor 132,000 Property taxes, factory 8,200 Utilities, factory 72,000 Depreciation, factory 152,400 Insurance, factory 10,200 Total actual manufacturing overhead costs incurred $ 390,000 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 402,000 Direct labor cost $ 62,000 Inventories: Raw materials, beginning $ 20,200 Raw materials, ending $ 30,200 Work...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor $ 15,200 132,000 8,200 72,000 152,400 10,200 $390,000 Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: $ 402,000 $ 62,000 Purchases of raw materials (both direct and indirect) Direct labor cost Inventories Raw materials, beginning Raw materials, ending Work in process, beginning Work in process,...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred: Indirect materials $ 15,200 Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred 132,eee 8,280 72,eee 152,400 10, 200 390,eee Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost 482,eee 62,0ee Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 15,500 Indirect labor 135,000 Property taxes, factory 8,500 Utilities, factory 75,000 Depreciation, factory 230,700 Insurance, factory 10,500 Total actual manufacturing overhead costs incurred $ 475,200 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 405,000 Direct labor cost $ 65,000 Inventories: Raw materials, beginning $ 20,500 Raw materials, ending...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,500 135,000 8,500 75,000 230,700 10,500 $ 475,200 $ 405,000...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 17,000 150,000 10,000 90,000 147,000 12,000 $426,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $420,000 $ 80,000...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 15,300 133,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory 8,300 73,000 152,100 10,300 Total actual manufacturing overhead costs incurred $ 392,000 $403,000 $ 63,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process,...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year. Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,800 138,000 8,800 78,000 150,600 10,800 $ 402,000 $400,000 $...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation factory Insurance, factory $ 16,300 143,000 9,300 83,000 149,100 11,300 Total actual manufacturing overhead costs incurred $ 412,000 $ 413,000 $ 73,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in...