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Please provide detailed solution in excel formate with all formulas ABC Firm uses a job costing system. OH is applied on the basis of DL
Please provide detailed solution in excel formate with all formulas
ABC Firm uses a job costing system. OH is applied on the basis of DL beginning of 2020, the firm made the following estimates. Actuals as c year are also reported. Estimates Actua Direct labour hours 41,000 43,4 Machine hours 207,000 196,60 Direct labour Direct materials Overhead $732,000 863,000 2,457,000 $792,31 858,20 2,491,20 On June 17, Job 403 was begun. It was completed on July 30. It require hours and 960 DLH. Direct manufacturing costs were DM of $7,800 au The job sold for $125,000. On November 11, Job 890 was begun. It was completed on November 3,700 machine hours and 1,250 DLH. Direct manufacturing costs were and DL of $28,500. The job sold for $130,000. 1. Compute the cost of jobs 403 and 890. 2. Compute OH over or under applied for the year. 3. Now suppose that, instead of using DL$ as the OH application to use machine hours. Compute the cost of jobs 403 and 890. 4. If machine hours were the OH application base, what would be over or under applied? ABC Firm uses a job costing system. OH is applied on the basis of DL beginning of 2020, the firm made the following estimates. Actuals as c year are also reported. Estimates Actua Direct labour hours 41,000 43,4 Machine hours 207,000 196,60 Direct labour Direct materials Overhead $732,000 863,000 2,457,000 $792,31 858,20 2,491,20 On June 17, Job 403 was begun. It was completed on July 30. It require hours and 960 DLH. Direct manufacturing costs were DM of $7,800 au The job sold for $125,000. On November 11, Job 890 was begun. It was completed on November 3,700 machine hours and 1,250 DLH. Direct manufacturing costs were and DL of $28,500. The job sold for $130,000. 1. Compute the cost of jobs 403 and 890. 2. Compute OH over or under applied for the year. 3. Now suppose that, instead of using DL$ as the OH application to use machine hours. Compute the cost of jobs 403 and 890. 4. If machine hours were the OH application base, what would be over or under applied
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