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Prepare an Overhead Cost Report for Cortez Consulting using this format. (I have to make an excel sheet for this, please provide calculations and fill
Prepare an Overhead Cost Report for Cortez Consulting using this format.
(I have to make an excel sheet for this, please provide calculations and fill out the table below)
Overhead Cost Report for Cortez Consulting | |
Predetermined overhead rate | |
Applied overhead for 1,500 hours | |
Overhead assigned to Job 466 |
8. Check figure: Direct labor hours for Job 466, 15 hours
Vote: In both problem sets, assume perpetual inventory procedures, a single Manufacturing Overhead account, irst-in, first-out (FIFO) costing of inventories, and that the Materials Inventory account is the control account or both direct materials and indirect materials. P3-1A. Determine and Use Overhead Rate Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Required a. Compute a predetermined overhead rate applied on the basis of direct labor hours. b. Prepare a general journal entry to apply overhead during an interim period when 1,500 direct labor hours were worked. c. What amount of overhead would be assigned to Job 466 , to which $180 in direct labor had been charged
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