A company which operates a job costing system has the following balances on its

ledger:

31 October 30 November

Creditors Control 42,000 49,000

Stores 34,000 36,000

Work In Progress 11,000 21,500

Finished Goods 28,000 31,000

The following transactions took place in November:

41,000 worth of raw materials were transferred from Stores into Work-in-

Progress.

Direct Labour was incurred at a rate of 16 per hour for 1,500 hours of direct

labour time consumed.

Production also consumes variable overhead which is charged at a budgeted

rate per direct labour hour.

Transfers from Work In Progress to Finished Goods in November totalled

62,000

Actual Production Overhead paid for the month equalled 8,000

Item 12

How much was paid to Creditors during November?

Item 13

What is the budgeted production overhead absorption rate per direct labour hour?

Item 14

By how much has production overhead been under or over applied?

Item 15

What is the Cost of Goods Sold expense for November?