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Jojo Co. had the following balances and information for October please help sith E,F,G,H and D for exercise 7 Beg. finished goods inventory = $24
Jojo Co. had the following balances and information for October please help sith E,F,G,H and D for exercise 7 Beg. finished goods inventory = $24 Beg. work in process inventory = $4 Beg. raw materials inventory = $12 End. finished goods inventory = $12 End, work in process inventory = $8 End. raw materials inventory = $20 Raw material purchases = $80 Factory wages paid = $120 Indirect materials = $8 Indirect labor = $28 Other overhead costs = $72 Sales = $440 Predetermined overhead rate = 200% direct materials 128 a) Cost of raw materials used equals: b) Cost of direct materials equals (RM - Ind Materials): c) Cost of direct labor equals (Factory wage - Ind Labor): d) Manufacturing overhead applied equals: e) Total manufacturing costs equal: f) Cost of goods manufactured equals: g) Cost of goods sold" equals: h) Gross profit equals: Don't worry about over or underapplied overhead Exercise 7 At the beginning of 2017, YourCo. estimated total manufacturing overhead costs for the year of $2080 and that direct labor costs would total $5200. 40% 128 a) What is the predetermined overhead rate for 201x if YourCo uses DL as its allocation base? (Calc and then enter answer.) b) Job 103 had $320 direct labor. How much overhead was applied to it? c) During 201X, Your Co's actual overhead incurred totalled $2496 and actual direct labor costs were $4680. Was factory overhead under or over applied? d) What is the amount of under or over applied factory overhead based on the data from part C? Under
Jojo Co. had the following balances and information for October
please help sith E,F,G,H and D for exercise 7
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