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Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,800 of direct materials, $6,966 of direct labor,
Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,800 of direct materials, $6,966 of direct labor, and $9,936 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.40 per direct labor-hour During May, the following activity was recorded Raw materials (all direct materials): Beginning balance Purchased during Used in production $ 8,500 $38,000 $39,300 the month Labor: Direct labor-hours worked during the month Direct labor cost incurred 1,900 $24,510 Actual manufacturing overhead costs incurred Inventories: $33,300 Raw materials, May 30 Work in process, May 30 $16,937 Work in process inventory on May 30 contains $3,741 of direct labor cost. Raw materials consist solely of items that are classified as direct materials The entry to disnose of the underannlied or overannlied manufacturina overhead cost for the month would include a
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