Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 141,000 Direct materials used 118,800 Direct
| Following is partial information for Delamunte Industries for the month of August: |
| Work In Process | |||
| Balance, August 1 | $ | 141,000 | |
| Direct materials used | 118,800 | ||
| Direct labor | 161,000 | ||
| Manufacturing overhead applied | 133,000 | ||
| Jobs finished during August are summarized here: |
| Job # | Cost of Jobs Completed | ||
| 234 | $ | 67,950 | |
| 237 | 38,800 | ||
| 231 | 51,000 | ||
| 246 | 20,000 | ||
| Required: |
| At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $23,600. |
| 1. | Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. (Round your answer to 2 decimal places.) Predetermine Overhead Rate? $_______ % of direct Labor Cost |
| 2. | Determine the balance in Work in Process at the end of August. Work in Process? $__________ |
| 3. | Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31. (Round your "Predetermined Overhead Rate" to 2 decimal places.) Direct Material Cost? $_______ Applied Overhead? $________ |
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Authors: Kimberly Don Ketron
1505911184, 978-1505911183
