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Pribil Farm Equipment is a job-order costing manufacturer that uses a plantwide overhead rate based on direct labor hours. Estimations for the year include $420,000
Pribil Farm Equipment is a job-order costing manufacturer that uses a plantwide overhead rate based on direct labor hours. Estimations for the year include $420,000 in Overhead and 30,000 direct labor hours. Pribil worked on five jobs in March. Data are as follows 2. Balance, 3/1 Direct Materials Direct Labor cost Job 89 Job 90 Job 91 $23,110 $18,240 9,510 13,000 Job 92 $0 Job 93 $0 8,210 17,210 22,900 15,240 8,07511,500 16,250 9,7504,860 2,3003,250 1,950 Direct Labor Hours By March 31, Jobs 89 and 91 were completed and sold at Cost plus 55%. The rest of the jobs remained in process. 1,615 972 Calculate the plantwide overhead rate A) Create Job Cost Reports for the month. B) Calculate the Work-in-Process on March 31 FG and COGS C) Income Statement for the Month of March
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