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need help on 3 1 is predetermined overheadrate:0.77 per direct labor dollar 2. work in process:18,020 LI TCTTVITLIT ui nuyuJl. VUIUTTTUNT LU II IUu luTCJ
need help on 3
1 is predetermined overheadrate:0.77 per direct labor dollar
2. work in process:18,020
LI TCTTVITLIT ui nuyuJl. VUIUTTTUNT LU II IUu luTCJ IVI Work In Process $ 140,000 105,800 Balance, August 1 Direct materials used Direct labor 174,000 Manufacturing overhead applied (based on direct labor cost) 134,000 Jobs finished during August are summarized here: Cost of Jobs Job # Completed $67,950 29,800 58,000 15,000 234 237 231 246 Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $23,400. 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. 2. Determine the balance in Work in Process at the end of August. 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31Step by Step Solution
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