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Matt, Inc., a toy manufacturing company uses job order cost system. The time tickets from September jobs are summarized below. Job 100 $3,500 Job 101
Matt, Inc., a toy manufacturing company uses job order cost system. The time tickets from September jobs are summarized below.
Job 100 | $3,500 |
Job 101 | 1,800 |
Job 102 | 1,200 |
Job 103 | 2,800 |
Factory supervision | 1,700 |
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Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $25 per direct labor hour. The direct labor rate is $30 per hour.
Determine the total factory labor costs transferred to Work in Process and Factory Overhead for September.
Determine the amount of factory overhead applied to production for September.
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