Finished goods consisted of Job 23, with the following costs:

		Job 23
Direct materials		$9,020
Direct labour		14,520
Applied overhead		10,160
Total		$33,700
Number of units		50

Shown below are the direct cost data related to jobs started in October:

		Job 26		Job 27		Job 28		Total
Direct materials		$5,700		$6,160		$4,620		$16,480
Direct labour		$12,320		$10,270		$6,500		$29,090
Number of units		20		30		20

Other information:

1.

Direct materials and direct labour added to beginning work in process in October were as follows:

		Job 22		Job 24		Job 25		Total
Direct materials		$1,270		$670		$1,650		$3,590
Direct labour		3,300		4,950		6,050		14,300

2.

Overhead is applied at a predetermined rate based on the direct labour cost.

3.

Actual expenses for October were as follows:

Supervisory salaries		$6,600		Supplies (factory)		$2,310
Factory rent		5,500		Selling expenses		9,350
Depreciation (machines)		5,500		Property tax and insurance		2,480
Indirect labour		4,400		CPP, EI, and other benefits*		4,620

* 80% of employer contributions and benefits relate to factory personnel.

4.

Purchases of direct materials (raw materials) during October amounted to $31,350. Indirect materials (supplies) are handled in a separate account.

5.

Only Jobs 27 and 28 are still in process at closing on October 31. Finished goods consisted only of Job No. 25 at month end.

6.

Sandhill writes off any under- and over-applied overhead to Cost of Goods Sold in the month in which it is incurred.

Calculate the predetermined overhead rate used by Sandhill to apply overhead to jobs.

Predetermined overhead rate

enter the predetermined overhead rate in percentages

%

Calculate the unit cost of Job No. 24 in October. (Round answer to 2 decimal places, e.g. 52.75.)

Unit cost of Job No. 24

$enter the unit cost of job no. 24 in dollars rounded to 2 decimal places

Calculate the October 31 balances for the following inventory accounts.

1.		Raw Materials		$enter a dollar amount
2.		Work in Process		$enter a dollar amount
3.		Finished Goods		$enter a dollar amount

What is the cost of goods manufactured in October?

Cost of goods manufactured

$enter the cost of goods manufactured in dollars

Determine the under- or over-applied overhead for October. select an option Over-applied overheadUnder-applied overhead $enter a dollar amount Prepare the journal entry to dispose of this amount. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount