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c . ( 2 2 points ) Brooke Company uses a job - order costing system and a predetermined overhead rate based on machine hours.
c points Brooke Company uses a joborder costing system and a predetermined overhead
rate based on machine hours.
At the beginning of the year, the company estimated manufacturing overhead for the year would be
$ and machine hours used would be
The following information pertains to March of the current year:
Beginning balance
rrent period costs added:
Direct materials requisitioned used
Direct labor costs
Current period activity
Machine hours
Assume that Jobs and are completed during the month; and that Job was sold on account for
$
Required:
a Compute the predetermined overhead application rate for the year. per
b Determine the total cost including beginning inventory assigned to each job; and On Paper
c Give the journal entry to record the completion of Jobs and On Paper
d Give the journal entries to record the sale and the cost of sale of Job X An Paper
e What is the ending balance of Brooke's workinprocess inventory? on Paper
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