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15-12 computing materials, labor, overhead and cost of goods manufactured LO p1, Required information Use the following information to answer questions. (Algo) [The following information
15-12 computing materials, labor, overhead and cost of goods manufactured LO p1,
Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below] The following information is avallable for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Exercise 15-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3, PA 1. In the Row Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materiais used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods inventory Traccount, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overheod. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. applied overheod. Solve for underappled or overapplied evortwad. Complete this duestion by entering your answers in the tabs below, poods manufactured in the petot. unter- or overnsplied over heicli. Compute the cost of direct labor used for the period. Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below] The following information is avallable for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Exercise 15-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3, PA 1. In the Row Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materiais used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods inventory Traccount, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overheod. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. applied overheod. Solve for underappled or overapplied evortwad. Complete this duestion by entering your answers in the tabs below, poods manufactured in the petot. unter- or overnsplied over heicli. Compute the cost of direct labor used for the period Step by Step Solution
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