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Following is partial information for Delamunte Industries for the month of August: Balance, August 1 Direct materials used Direct labor Manufacturing overhead applied (based
Following is partial information for Delamunte Industries for the month of August: Balance, August 1 Direct materials used Direct labor Manufacturing overhead applied (based on direct labor cost) Work In Process $141,000 115,800. 170,000 147,000 Jobs finished during August are summarized here: Job 234 237 231 246 Required: Cost of Jobs Completed $ 62,950 26,000 46,000 15,000 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 $25,000 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August 2. Determine the balance in Work in Process at the end of August. 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. Note: Round your answer to 2 decimal places. Predetermined Overhead Rale per Direct Labor dollar Sequent 1 Required 2 >
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