Question
A company uses a predetermined manufacturing overhead rate of 72% based on direct labor dollars. During the year, $688,105 factory labor was incurred of which
A company uses a predetermined manufacturing overhead rate of 72% based on direct labor dollars. During the year, $688,105 factory labor was incurred of which $197,127 was indirect labor. How much manufacturing overhead was applied?
The following information is available for completed Job #2002: Direct Materials $1,457;Direct Labor $2,802; Manufacturing Overhead Applied $5,572; Units Produced were 773 units; and Units Sold were 337 units. If this accounts for our only goods manufactured and sold; and beginning Finished Goods Inventory was zero, what amount is in is ending Finished Goods Inventory?
The Manufacturing Overhead Account has a beginning balance of $169. During the year, actual manufacturing costs incurred were $143 while applied manufacturing costs were $258. State the ending balance of the Manufacturing Overhead account and state whether overhead is overapplied or underapplied.
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