10.The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for...
10.The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for 100 units. It requires the following: direct materials $3,000 direct labor ($10/hr) 1,000 overhead (150% DL$) 1,500 After inspection, 2 units required rework which required 8 additional direct labor hours and $60 of materials. If the rework is considered normal spoilage, what is the journal entry for overhead control?
a.no journal entry is needed
b. materials$60 payroll$80 overhead control$140
c. overhead control$140 materials$60 payroll$80
d.None of these choices are correct.
Homework Answers
Answer : C) Overhead Control $140, Material $60 Payroll $ 80
Cost of Rework Must be Record
Materail Cost = $60
Labor Cost ( Pay roll) = $ 10 Per hour * 8 Hours Required = $ 80
overheads Control = $ 60 + $80 = $ 140
Overhead $ 140
MAterila $60
Pay roll $ 80
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10.The Omega Company manufactures customized motors on a
job-order basis. Job 492 is an order for...
The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for...
The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for 100 units. It requires the following: direct materials $3,000 direct labor ($10/hr) 1,000 overhead (150% DL$) 1,500 After inspection, 2 units required rework which required 8 additional direct labor hours and $60 of materials. If the rework is considered abnormal spoilage, what is the cost of job 492?
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Frieling Company installs granite countertops in customers'
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then Frieling measures the countertop area at the customer's home,
cuts the granite to that shape, and installs it. The Tramel job
calls for direct materials of $2,200 and direct labor of $800.
Overhead is applied at the rate of 110 percent of direct labor
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