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help:) The following Information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using
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The following Information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost Inventories Haw materials Work in proce Finished good Beginning of period $ 38,000 10.000 69,000 End of Period $ 55,000 19,000 36,400 Cost incurred for the period Raw materiale purchases $ 176,000 Factory payroll 150,000 Factory overhead (actual Indirect materials used 10,000 Indirect labor wed 34,500 Other overhead coats 108,500 1. In the Row Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period, 2. Compute the cost of direct labor used for the period 3. In the Work in Process Inventory Toccount, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used from part 2), and applied overhead. Solve for cost of goods manufactured in the period 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3) Solve for cost of goods sold in the period (do not consider any under or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used indirect laborused, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead Required 1 34 and 5 Required 2 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Som 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direc goods manufactured in the period 4. In the Finished Goods Inventory T-account, Insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3) under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, Indirect labor used, other overhead costs, and applied overhead. Sa Raw Materials Inventory Beginning Work in Process Inventar Beginning Beginning Ending Ending Ending Finished Goods Inventory Factory Overhead Beginning Beginning Beginning 10,000 34.500 108.500 Ending Ending Required 2 > insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of insert amounts for beginning and ending batances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any amounts for indirect materials used indirect labor used, other overhead costs, and applied overhead. Solve for underappiled or overapplied overhead. Inventory Work in Process inventory Beginning Beginning Beginning Ending Ending Ending Inventory Beginning Factory Overhead Beginning Beginning 10.000 34,500 108,500 Ending Required 2 > Required 134 and 5 Required 2 Compute the cost of direct labor used for the period. The cost of direct labor for the period Cost of direct labor used Step by Step Solution
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