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Fairfield company applies manufacturing overhead to products at a predetermined rate of $58 per direct labor hour. Its manufacturing costs for the most recent period
Fairfield company applies manufacturing overhead to products at a predetermined rate of $58 per direct labor hour. Its manufacturing costs for the most recent period are summarized here
Item | Description | Total Cost | |||
Direct materials | Used on Jobs 101 and 102 | $ | 94,000 | ||
Indirect materials | Used on multiple jobs | 19,000 | |||
Hourly labor wages | 750 hours @ $38 per hour | ||||
200 hours for Job 101 = | $ | 7,600 | |||
300 hours for Job 102 = | 11,400 | ||||
250 hours for Job 103 = | 9,500 | 28,500 | |||
Factory supervision | 4,800 | ||||
Production engineer | 6,800 | ||||
Factory janitorial work | 3,300 | ||||
Selling, general, and administrative salaries | 9,800 | ||||
Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) | 8,300 | ||||
Other selling, general, and administrative costs (office rent, insurance, depreciation, etc.) | 6,800 |
Post the preceding information to Fairfield Company
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