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Bens Company used a predetermined overhead rate based on an estimate of 25,000 direct labor hours to be worked during the year and an estimated

Bens Company used a predetermined overhead rate based on an estimate of 25,000 direct labor hours to be worked during the year and an estimated $80,000 of manufacturing overhead.Actual overhead cost and activity during the year were:

Actual manufacturing overhead cost incurred -$77,000

Actual direct labor hours worked24.000

  1. Compute the predetermined OH rate.
  2. Compute the OH applied. C. Compute the over or under applied OH.d. Prepare the journal entry to close the OH to COGS Show all work.

The doll corporation uses a process costing system. Consider the following data for Dept. A UNITS:

W-1-P Nov. 1: 100 units,100% completed for direct material, 40% completed for conversion costs

Started in November: 400 units

Transferred to Dept B: 480 units

W-1-P Nov. 30: 20 units,100% completed for direct material, 50% completed for conversion costs

COSTS:

W-1-P Nov. 1: Direct Materials+Conversion= $4,000+1,110= $5,110

Costs added in November: Direct Material+Conversion: $22,000+ 18,000= 40,000

Total costs to account for:$45,110

Use the WEIGHTED AVERAGE method. Show all work

  1. Calculate the equivalent units of production for DM and conversion.
  2. Compute the cost per equivalent unit for DM and conversion.
  3. Assign costs to units transferred out and ending work-in-process.

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