Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 87,000 and estimated factory overhead is $609,000 The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished September 1, inventories Materials inventory Nork-in-process inventory (All Job A) Finished goods inventory 7,800 31,800 68, 500 108, 500 Material purchases Direct materials requisitioned Job A Job B 68, 000 35,000 Direct 1abor hours Job A Job B 4,500 3, 800 Labor cost ncur red Direct labor (9.00/hour) Indirect labor SuperviBory salarien 74,700 13,800 6,300 Rental coata Factory Adminiatrative offices 7,300 2,100 Total equipment depreciation costs Factory Administrative offices 7,950 2,050 12,300 Indirect materials used Required: 1. What is the total cost of Job A? 2 What is the total factory overhead applied during Septenber? 3. What is the overapplied or underapplied overhead for September? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the total cost of Job A? (Do not round intermediate calculations.) Total cost Required 2 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 What is the total factory overhead applied during September? (Do not round intermediate calculations. overhead cost Required 3 K Required 1 Complete this question by entering your answers in the tabs below Required 1 Required 2Required 3 What is the overapplied or underapplied overhead for September? overhead K Required 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Safety Audit Designing Effective Strategies

Authors: Roger Saunders

1st Edition

0273034480, 978-0273034483

More Books

Students also viewed these Accounting questions

Question

Briefly describe the social identity approach, i.e. SIT and SCT.

Answered: 1 week ago