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Direct Materials Direct Labor Manufacturing Overhead Raw Materials $32,000 Direct Labor $40,000 Raw Materials $8,000 Goods $120,000 Sell/admin $600 Factory Utilities $14,600 Plant/Equip Depreciation $28,000
| Direct Materials | Direct Labor | Manufacturing Overhead | |||
| Raw Materials | $32,000 | Direct Labor | $40,000 | Raw Materials | $8,000 |
| Goods | $120,000 | Sell/admin | $600 | Factory Utilities | $14,600 |
| Plant/Equip Depreciation | $28,000 | ||||
| Indirect Labor | $18,000 | ||||
| Sales Commissions | $10,000 | ||||
| Administrative Salaries | $25,000 | ||||
| Insurance costs | $2,400 | ||||
| Miscellaneous | $18,000 | ||||
| Total | $124,000 | ||||
| Manufacturing Overhead | $100,000 | ||||
| I know over applied overhead shoudl be closer to $4000, but not sure how. I don't even think any selling/administrative costs should go under direct labor. How do I find the correct amount of $4000 overapplied overhead? | Overapplied Overhead | $24,000
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Cima Official Exam Practice Kit Fundamentals Of Ethics Corporate Governance And Business Law Certificate In Business Accounting
Authors: Larry Mead
4th Edition
1856177092, 978-1856177092
