Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can i get some help please requirement A do not round this auto does it Kansas Company uses a job costing accounting system for its
can i get some help please
Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. The expected volume is 180,000 direct labor-hours for the entire year. The following information is for March, when Jobs 6023 and 6024 were completed. The expected volume is 180,000 direct labor-hours for the entire year. The following information is for March, when Jobs 6023 and 5024 were completed. Required: a. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the year, (Note: Regardless of your answer to requirement [a], assume that the predetermined overhead rate is $9 per direct labor-hour. Use this. amount in answering requilements (b) through (e]) b. Compute the total cost of Job 6023 when it is finished. c. How much of factory overhead cost was applied to Job 6025 during March? d. What total amount of overhead was applied to jobs during March? e. Compute actual factory overhead incurred during March. f. At the end of the year, Kansas. Company had the following account balances: Assuming that the ovelapplied cverhead is not material, show the new account balances in the following tabie. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the year. (Round your answer to 2 decimal places.) D. Lompute une toldi cost ol jon ou wnen is innsneu. c. How much of factory overhead cost was applied to Job 6025 during Marcl d. What total amount of overhead was applied to jobs during March? e. Compute actual factory overhead incurred during March. f. At the end of the year, Kansas Company had the following account balances Assuming that the overapplied overhead is not material, show the new account Complete this question by entering your answers in the tabs below. Compute the total cost of Job 6023 when it is finished. D. Compute the toldi cost ol jov ou c. How much of factory overhead cost was applied to Job 6025 during March? d. What total amount of overhead was applied to jobs during March? e. Compute actual factory overhead incurred during March. f. At the end of the year, Kansas Company had the following account balances: Assuming that the overapplied overhead is not material, show the new account bal. Complete this question by entering your answers in the tabs below. How much of factory overhead cost was applied to Job 6025 during March? d. What total amount of overhead was applied to jobs during March? e. Compute actual factory overhead incurred during March. f. At the end of the year, Kansas Company had the following account balar Assuming that the overapplied overhead is not material, show the new accou Complete this question by entering your answers in the tabs below. What total amount of overhead was applied to jobs during March? 2. How much of factory overhead cost was applied to Job 6025 during March d. What total amount of overhead was applied to jobs during March? e. Compute actual factory overhead incurred during March. f. At the end of the year, Kansas Company had the following account balances Assuming that the overapplied overhead is not material, show the new account Complete this question by entering your answers in the tabs below. Compute actual factory overhead incurred during March. c. How much of factory overhead cost was applied to Job 6025 during March? d. What total amount of overhead was applied to jobs during March? e. Compute actual factory overhead incurred during March. f. At the end of the year, Kansas Company had the following account balances: Assuming that the overapplied overhead is not material, show the new account b Complete this question by entering your answers in the tabs below. Assuming that the overapplied overhead is not material, show the new account balance requirement A do not round this auto does it
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started