Question
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 |
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.
a. Determine the total factory labor costs transferred to Work in Process and Factory Overhead for September.
b. Determine the amount of factory overhead applied to production for September.
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Managerial Accounting The Cornerstone Of Business Decision Making
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
8th Edition
0357715349, 978-0357715345
