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Help A. Sound of Thunder Company has a job costing system. unt durinnpany t during April 2ois a job costing system. The following items appeared

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A. Sound of Thunder Company has a job costing system. unt durinnpany t during April 2ois a job costing system. The following items appeared in the Work-in- April 1. 2018, balance $ 20,000 Materials placed into production Direct labor (4,000 hours) $120,000 $ 96,000 $400,000 $ 16,000 Factory overhead applied Cost of goods manufactured April 30, 2018, balance Sound of Thunder applies overhead to production on the basis of direct labor hours. Job . in process on April 30, has been charged $10,600 materials cost and has 100 labor hours of direct ia XX, the only job time assigned to it. Required a. Determine the predetermined factory overhead rate for Sound of Thunder Company b. Determine the amounts of materials, direct labor, and factory overhead included in the April 30, 2018, work in process. termine the amount of materials placed into production during April 2018 B. Matriarch Incorpo rated uses a job-order costing system and a predetermined overhead rate based on eginning of the year, the company estimated manufacturing overhead for the machine hours. At the beginning of the year, the company est would be $240,000 and machine hours would be 8,000 The following information pertains to November of the curret Job 10 Job 11 Job 12 $16,000 $26,00o $38,000 Total Work-in-process, Nov. 1 $80,00o November production activity: Materials requisitioned $ 4,000 4,80o 7,200 s 2,400 $ 3,600 4,000 900 200 $1 6,000 $10,000 2,000 500 Direct labor cost Machine hours 400 700 Labor hours 120 180 Actual manufacturing overhead cost incurred in November was $61,000. Required: a. Compute the predetermined overhead application rate. b. Determine the total cost associated with each job. c. If jobs 10 and 12 were completed, prepared the journal entry to move the cost. ob 10 was delivered to customers that paid $50,000 cash, prepare the journal entries. What is the gros e. Assuming no beginning work in process, what is the cost assigned to ending work in process? r. Assuming no beginning finished goods what is the cost assigned to ending finished goods? g. How much was overhead over/underapplied? s profit for job 10

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