Answered step by step
Verified Expert Solution
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
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 2010, estimated direct labor hours are 95,000, and est. fatcotr overhead is $617,500. the following info is for Sept 2010. Job A was completed during sept, and job B was started but not finished. Sept 1 ,2010 inventories Materials inventory 7,500 WIP inventory (All Job A) 31,200 FG inventory 67,000 Material Purchased 104,000 Direct Materials requisistioned Job A 65,000 Job B 33,500 Direct Labor Hours Job A 4,200 Job B 3,500 Labor Cost incurred Direct Labor (8.50/hour) 65,450 Indirect Labor 13,500 Supervisory Salaries 6,000 Rental Costs Factory 7,000 Admin Offices 1,800 Total Equip. depreciation costs Factory 7,500 Admin Offices 1,600 Indirect Materials used 12,000 1. what is the total cost of Job A? 2. What is the total factory overhead applied during Sept.? 3. What is the overapplied or underapplied overhead for Sept
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started