Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

please solve early as possible Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 41,000

please solve early as possible

image text in transcribed
Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 41,000 Direct materials used 75,000 Direct labor 120,000 Manufacturing overhead applied (based on direct labor cost] 90,000 Jobs nished during August are summarized here: Job # Cost of Jobs Completed 234 $58,000 237 65,000 231 74,500 67,500 Required: At the end of August, only one job, Job 243, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $24,000. 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 243 as of August 31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

7th Edition

0077480015, 9780077480011

More Books

Students explore these related Accounting questions