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PLEASE HELP ME WITH THERE 2 QUESTIONS. THANK YOU Jane's Machine Shop (JMS) uses a pre-determined overhead system applied on the basis of direct material
PLEASE HELP ME WITH THERE 2 QUESTIONS. THANK YOU
Jane's Machine Shop (JMS) uses a pre-determined overhead system applied on the basis of direct material costs. JMS estimated its manufacturing overhead for FY2023 to be $ A and its direct materials costs to be \$___ B . JMS worked on eight jobs in FY2023. Three of those jobs had actual direct materials costs of: $25,000Job2302;$50,000-Job2305;and$85,000-Job2308. Actual FY2023 manufacturing overhead totaled \$ C and total direct materials cost amounted to $ D. Questions 1 to 5. Answer these questions assuming no adjustments to the MOH account for over or under applied MOH have been made. Assume the following values for JMS: (A) estimated MOH$280,000. (B) estimated DM costs $560,000 (C) actual MOH.$310,000. (D) actual total DM used $550,000 Calculate JMS's FY2023 predetermined overhead rate to the nearest $0.001 Question 2 What is the total MOH assigned to WIP in FY2023Step by Step Solution
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