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Assume a company had no jobs in progress at the beginning of July and no beginning inventoriesIt statted and completed only two jobs during July
Assume a company had no jobs in progress at the beginning of July and no beginning inventoriesIt statted and completed only two jobs during July Job Y and Job 2. The company uses a plantwide predetermined overhead rate based on direct labor hours. The following adiecitional information from the month of July is available for the company as a whole and for Jokes Y and Z Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred 513,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y Job $13,000 $3,300 $21,000 $7,500 1.400 500 Assuming Jobs 2 contains 200 units and triot the company applies a markup of 62% when estatsisting its seina peces, the price per unit that it would choose for Job 2 is closest to Assuming Job Z contains 200 units and that the company applies a markup of 62% when establishing its selling prices, the price per unit that it would choose for Job Z is closest to Mutole Choice 514856 $15836 SURG The journal entry to record direct labor used in production includes: 7 Multiple Choice 152.00 a debit to Manufacturing Overhead credit to Work in Process a credit to Manuten Overhead debit to Work in Process Sod Assume the following information from a schedule of cost of goods manufactured: 19 Beginning work in process inventory Total manufacturing costs added to production Ending work in process inventory $ 30,000 $200,000 $ 48,000 14.25 What is the cost of goods manufactured? Assume the following information from a schedule of cost of goods manufactured: Cost of goods manufactured Beginning work in process inventory Direct materials used in production Manufacturing overhead applied to work in process Total manufacturing costs to account for $158,000 $ 30,000 $ 50,000 $ 90,000 $226,900 What is the ending work in process inventory
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