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Check my work The following information applies to the O Donnell Company for March production. There are only two jobs and Y) in production in
Check my work The following information applies to the O Donnell Company for March production. There are only two jobs and Y) in production in March a. Purchased direct materials and indirect materials with the following summary of receiving reports Mater Hatals Indirect materials Total 5. 25,500 16.750 7.750 350.000 b, issued direct materials and indirect materials with this summary of requisitions Material Material Subtotal Indirect materials total ob Job Total $ 9,500 19,800 2,700 6.900 9.900 14.00 1005 2100 40.500 83.250 c. Factory labor incurred is summarized by these time tickets Job Joby Indirect labor Total $ 25,00 16.900 3270 150 d. Factory utilities, factory depreciation, and factory insurance incurred is summarized as follows: tilities 11.900 1 Indirect labor Total 32.750 $ 75.450 d. Factory utilities, factory depreciation, and factory insurance incurred is summarized as follows: ed Utilities Depreciation Insurance Total $ 4,900 21,800 4,400 S 31,100 bok nt e. Factory overhead costs were applied to jobs at the predetermined rate of $55.50 per machine hour, Job X incurred 1100 machine hours; Job Y used 800 machine hours. f. Job X was completed: Job Y was still in process at the end of March. The company closed the overapplied or underapplied overhead to the Cost of Goods Sold account at the end of March. Required: 1. Calculate the total manufacturing cost for Job X and Job Y for March, 2. Calculate the amount of overapplied or underapplied overhead and state whether the cost of Goods Sold account will be increased or decreased by the adjustment. nces 1. Total manufacturing costs - Job X Total manufacturing costs - Job Y 2 Cost of goods sold Prey 1 of 1 Next
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