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Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2017: direct materials costs, $780,000; direct labor costs,
Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2017: direct materials costs, $780,000; direct labor costs, $4,300,000; and factory overhead costs applied, $2,150,000. 1. Determine the company's predetermined overhead rate for 2017 2. Assuming that the company's $84,000 ending Work in Process Inventory account for 2017 had $33,000 of direct labor costs, determine the inventory's direct materials costs. 3. Assuming that the company's $620,000 ending Finished Goods Inventory account for 2017 had $329,000 of direct materials costs, determine the inventory's direct labor costs and its overhead costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assuming that the company's $620,000 ending Finished Goods Inventory account for 2017 had $329,000 of direct materials costs, determine the inventory's direct labor costs and its overhead costs. Direct labor Factory overhead costs Required 2 Required 3 > Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2017: direct materials costs, $780,000; direct labor costs, $4,300,000; and factory overhead costs applied, $2,150,000. 1. Determine the company's predetermined overhead rate for 2017 2. Assuming that the company's $84,000 ending Work in Process Inventory account for 2017 had $33,000 of direct labor costs, determine the inventory's direct materials costs. 3. Assuming that the company's $620,000 ending Finished Goods Inventory account for 2017 had $329,000 of direct materials costs, determine the inventory's direct labor costs and its overhead costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assuming that the company's $84,000 ending Work in Process Inventory account for 2017 had $33,000 of direct labor costs, determine the inventory's direct materials costs... Total cost of work in process inventory Direct materials Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during 2017: direct materials costs, $780,000; direct labor costs, $4,300,000; and factory overhead costs applied, $2,150,000. 1. Determine the company's predetermined overhead rate for 2017 2. Assuming that the company's $84,000 ending Work in Process Inventory account for 2017 had $33,000 of direct labor costs, determine the inventory's direct materials costs. 3. Assuming that the company's $620,000 ending Finished Goods Inventory account for 2017 had $329,000 of direct materials costs, determine the inventory's direct labor costs and its overhead costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the company's predetermined overhead rate for 2017. Overhead Rate Choose Denominator: Choose Numerator: 1 = = Overhead Rate Overhead rate
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