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Manufacturing Overhead: Faith = 88000 Grace = 90000 Hope = 45800 Predetermined Overhead rate = $20/machine hour Coronado Church Furniture manufactures custom pews, altars, and
Manufacturing Overhead:
Faith = 88000
Grace = 90000
Hope = 45800
Predetermined Overhead rate = $20/machine hour
Coronado Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each order is unique, Coronado uses a job order costing system. During the month of June, Coronado worked on orders for three churches: Faith Church, Grace Church, and Hope Church. Production on the Faith and Grace orders began in May and ended in June. Production on the Hope order began in June and was incomplete at the end of the month. Coronado applies overhead to each job based on machine hours. Prior to the year, managers had estimated manufacturing overhead at $960,000, along with 48,000 machine hours. Additional cost information related to the three orders is as follows: Faith Grace Hope $3,200 Beginning balance, June 1 $1,900 $2,750 Direct materials, June $4,300 $9,000 $4,100 Direct labor, June $2,600 $1,100 Manufacturing OH, June ? ? 4,500 Machine hours, June 4,400 2,290 (a) (b) (c) X Your answer is incorrect. Try again. What is the balance in Coronado's Work in Process Inventory account at the end of June? 258840Step by Step Solution
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