Answered step by step
Verified Expert Solution
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. For
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 82,000 and estimated factory overhead is $533,000. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished. 9,900 34, 800 76,000 131,000 Book 83,000 92,500 Print 16.000 2 000 September 1, inventories Materials inventory Work-in-process inventory (21) Job ) Finished goods inventory Material purchases Direct materials requisitioned Job A Jab B Direct labor hours Job A Job B Labor costs incurred Direct labor ($8.50/hour) Indirect labor Supervisory salaries Rental costs Factory Administrative offices Total equipment depreciation costs Factory Administrative offices Indirect materials used 68,000 15,300 7800 erences 800 3,600 10,200 4,300 13,800 Required: 1 What is the total cost of Job A? 2 What is the total factory overhead applied during September? 3. What is the overapplied or underapplied overhead for September? our answers in the tabs below
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