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please help Following is partial information for Delamunte Industries for the month of August: $ Balance, August 1 Direct materials used Direct labor Manufacturing overhead
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Following is partial information for Delamunte Industries for the month of August: $ Balance, August 1 Direct materials used Direct labor Manufacturing overhead applied (based on direct labor cost) Work In Process 138,000 120,800 160,000 144,000 Jobs finished during August are summarized here: Job 234 237 231 246 Cost of Jobs Completed $67,950 39,800 48,000 22,000 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 $23,000 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 31 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 $23,000. 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 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August (Round your answer to 2 decimal places.) Predetermined Overhead Rate per Direct Labor dollar 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 $23,000. 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 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the balance in Work in Process at the end of August. Work in Process 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 $23,000. 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 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31. (Round your "Predetermined Overhead Rate" to 2 decimal places.) Direct Materials Cost Applied Overhead Step by Step Solution
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