Question
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. |
. | Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. (Round your answer to 2 decimal places.)
|
1. Predetermined Overhead Rate? $83 % 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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