Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribed

Johnson Incorporated 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 84,000 and estimated factory overhead is $504,000. 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 Work-in-process inventory (All Job A) Finished goods inventory Material purchases Direct materials requisitioned Job A Job B Direct labor hours Job A Job B Labor costs incurred Direct labor ($8.00/hour) Indirect labor Supervisory salaries Rental costs Factory $ 9,500 35,200 77,000 134,000 85,000 43,500 6,200 2,800 72,000 15,500 8,000 9,000 Total equipment depreciat lon costs 3,800 Factory 10,500 Administrative offices Indirect materials used 4,600 14,000 Required: Administrative offices < Prev 5 of 6 Next Indirect materials used Required: 1. What is the total cost of Job A? 14,000 2. What is the total factory overhead applied during September? 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 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

Cost Accounting

Authors: William K. Carter

14th edition

759338094, 978-0759338098

More Books

Students also viewed these Accounting questions