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A1 B fx C D Stanford Enterprises uses job-order costing. E 1 Stanford Enterprises uses job-order costing. 2 Overhead is applied on the basis
A1 B fx C D Stanford Enterprises uses job-order costing. E 1 Stanford Enterprises uses job-order costing. 2 Overhead is applied on the basis of direct labor hours. 3 The following information relates to the year just ended. 4 Data: 5 Estimated total overhead costs 6 Estimated total direct labor hours 7 Actual total direct labor hours $ 275,000 25,000 27,760 8 9 Actual costs for the year: 10 Purchase of raw (direct) materials $ 375,000 11 Direct labor cost $ 536,300 12 Manufacturing overhead $ 302,750 13 14 Inventories: Beginning Ending 15 Raw Materials (All Direct) $ 15,000 $ 11,375 16 Work in Process 27,875 22,350 34,600 26,450 17 Finished Goods 18 19 Use the data to answer the following. 20 21 1. Overhead: 22 23 01 Actual overhead cost Predetermined overhead rate Actual direct lahor hours F G H I
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