39.
Ending work in process = Beginning work in process+Total manufacturing cost-Cost of goods manufactured
Ending work in process = $40,000+432,000-438,000 = $34,000
Direct material charged = Ending work in process - Direct labor - Manufacturing overhead
Direct material charged = $34,000 - 20,000 (9,000/45%) - 9,000 = $5,000
Hence option b is correct option.
d overhead ek in Process 39. MK Company uses a job order costing system and applies...
40. For 2019, LIMO Company incurred $600,000 of actual manufacturing overhead costs. The Manufacturing Overhead account showed that overhead was overapplied by $24,000. If the predetermined overhead rate was $8.00 per direct labor hour, how many direct labor hours (DLHs) were worked during 2019? a. 78,000 DLHs. b. 72,000 DLHs. c. 75,000 DLHs. d. 71,000 DLHs.
Weinrich Manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor hours. On January 1, 2019, Job No. 25 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $10,000; direct labor $6,000; and manufacturing overhead $9,000. Job No. 23 had been completed at a cost of $42,000 and was part of finished goods inventory. There was a $8,000 balance in...
Weinrich Manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor hours. On January 1, 2019, Job No. 25 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $10,000; direct labor $6,000; and manufacturing overhead $9,000. Job No. 23 had been completed at a cost of $42,000 and was part of finished goods inventory. There was a $8,000 balance in...
Pedriani Company uses a job order cost system and applies overhead on the basis of direct labor hours. On Jan01, 2017, Job No. 25 was the only job in process. Costs incurred prior to Jan01 on this job were as follows: direct materials $10,000; direct labor $6,000; and manufacturing overhead $9,000. Job No. 23 had been completed at a cost of $42,000 and was part of finished goods inventory. There was a $5,000 balance in the Raw Materials Inventory account. During the...
Coronado Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,000, direct labor $ 14,400, and manufacturing overhead $ 19,200. As of January 1, Job 49 had been completed at a cost of $ 108,000 and was part of finished goods inventory....
Harwood Company uses a job-order costing system that applies
overhead cost to jobs on the basis of machine-hours. The company's
predetermined overhead rate of $2.70 per machine-hour was based on
a cost formula that estimates $243,000 of total manufacturing
overhead for an estimated activity level of 90,000
machine-hours.
Required:
1. Assume that during the year the company works only 85,000
machine-hours and incurs the following costs in the Manufacturing
Overhead and Work in Process accounts: Compute the amount of
overhead...
Concord Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 23,400, direct labor $ 14,040, and manufacturing overhead $ 18,720. As of January 1, Job 49 had been completed at a cost of $ 105,300 and was part of finished goods inventory....
Sheridan Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. Un January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 23,600 direct labor $ 14.160 and manufacturing overhead $ 18,880. As of January 1, Job 49 had been completed at a cost of $ 106,200 and was part of finished goods inventory....
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $23,400, direct labor $14,040, and manufacturing overhead $18,720. As of January 1, Job 49 had been completed at a cost of $105,300 and was part of finished goods inventory. There was a $17,550...
Fact Pattern:Hamilton Company uses job-order costing. Manufacturing overhead is applied to production at a predetermined rate of 150% of direct labor cost. Any over- or underapplied overhead is closed to the cost of goods sold account at the end of each month. Additional information is available as follows: Job 101 was the only job in process at January 31, with accumulated costs as follows: Direct materials $4,000 Direct labor 2,000 Applied manufacturing overhead 3,000 Total manufacturing costs $9,000 Jobs 102,...