{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T07:17:35-04:00", "answer_date": "2024-06-28 07:17:35", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4261887", "url": "\/study-help\/questions\/problem-444-application-of-overhead-the-following-information-applies-to-4261887", "question_creation_date_js": "2024-06-28T07:17:35-04:00", "question_creation_date": "Jun 28, 2024 07:17 AM", "meta_title": "[Solved] Problem 4.44 Application of overhead. The | SolutionInn", "meta_description": "Answer of - Problem 4.44 Application of overhead. The following information applies to the O' Donnell company for March Production | SolutionInn", "meta_keywords": "problem,4.44,application,overhead,information,applies,donnell,company,march,production,two,jobs", "question_title_h1": "Problem 4.44 Application of overhead. The following information applies to the O' Donnell company for March Production. There are only two jobs (X and Y)", "question_title": "Problem 4.44 Application of overhead. The following information applies to the O'", "question_title_for_js_snippet": "Problem 4 44 Application of overhead The following information applies to the O' Donnell company for March Production There are only two jobs (X and Y) in production in March Problem 4 44 Application of overhead The following information applies to the O' Donnell company for March Production (a) Purchased direct materials and Indirect materials with the following Summary of receiving reports Material A Material B Indirect Materials Total $16,000 12,000 3,000 $31,000 (B) Issued direct materials and indirect materials with this summary of requisitions Job X Material A Material B Subtotal Indirect materials Total Job Y Total $8,000 $16,000 $24,000 3,000 8,000 $11,000 $11,000 $24,000 $35,000 39,000 $74,000 ( C ) Factory labor incurred is summarized by these time tickets Job X $22,000 Job Y 15,000 Indirect labor 28,000 Total $65,000 (D) Factor utilities, factor depreciateion, and factory insurance incurred is summarized as follows Utilities Depreciation Insurance Total $3,000 18,000 2,500 $23,500 ( E ) Factory overhead costs were applied to jobs at the predetermined rate of $46 per machine hour Job X inc ( F) Job X was completed Job Y was still in process at the end of March The company closed the overapplied or Underapplied overhead to the Cost of Goods Sold account at the end o Required (1) Calculate the manufacturing cost for Job X and Job Y for March (2) Calculate the amount of overapplied or underapplied overhead and state whether the cost Cost of Goods S y for March Production There are only two jobs (X and Y) in production in March eceiving reports d as follows r machine hour Job X incurred 1,100 machine hours Job Y used 800 machine hours Sold account at the end of March r the cost Cost of Goods Sold account will be increased or decreased by the adjustment", "question_description": "

Problem 4.44 Application of overhead. The following information applies to the O' Donnell company for March Production. There are only two jobs (X and Y) in production in March.<\/p>\"image Problem 4-44 Application of overhead. The following information applies to the O' Donnell company for March Production. (a) Purchased direct materials and Indirect materials with the following Summary of receiving reports: Material A Material B Indirect Materials Total $16,000 12,000 3,000 $31,000 (B) Issued direct materials and indirect materials with this summary of requisitions: Job X Material A Material B Subtotal Indirect materials Total Job Y Total $8,000 $16,000 $24,000 3,000 8,000 $11,000 $11,000 $24,000 $35,000 39,000 $74,000 ( C ) Factory labor incurred is summarized by these time tickets: Job X $22,000 Job Y 15,000 Indirect labor 28,000 Total $65,000 (D) Factor utilities, factor depreciateion, and factory insurance incurred is summarized as follows: Utilities Depreciation Insurance Total $3,000 18,000 2,500 $23,500 ( E ) Factory overhead costs were applied to jobs at the predetermined rate of $46 per machine hour. Job X inc ( F) Job X was completed; Job Y was still in process at the end of March. The company closed the overapplied or Underapplied overhead to the Cost of Goods Sold account at the end o Required (1) Calculate the manufacturing cost for Job X and Job Y for March. (2) Calculate the amount of overapplied or underapplied overhead and state whether the cost Cost of Goods S y for March Production. There are only two jobs (X and Y) in production in March. eceiving reports: d as follows: r machine hour. Job X incurred 1,100 machine hours; Job Y used 800 machine hours. Sold account at the end of March. r the cost Cost of Goods Sold account will be increased or decreased by the adjustment", "transcribed_text": "", "related_book": { "title": "Managerial Accounting Tools for Business Decision Making ", "isbn": "1118856996, 978-1118856994", "edition": "4th Canadian edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1190.jpg", "uri": "\/textbooks\/managerial-accounting-tools-for-business-decision-making-4th-canadian-edition-1190", "see_more_uri": "" }, "free_related_book": { "isbn": "0230243231", "uri": "\/textbooks\/catching-the-flu-from-the-united-states-synchronisation-and-transmission-mechanisms-to-the-euro-area-2010th-edition-978-0230243231-285500", "name": "Catching The Flu From The United States Synchronisation And Transmission Mechanisms To The Euro Area", "edition": "2010th Edition" }, "question_posted": "2024-06-28 07:17:35", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/what-factors-influence-a-us-business-firm-to-go-overseas", "description": "What factors influence a U.S. business firm to go overseas?", "stars": 3 }, { "url": "\/study-help\/coaching-supervision-a-practical-guide-for-supervisees\/you-perform-your-job-well-and-get-promoted-to-manage-1980350", "description": "You perform your job well and get promoted to manage your own virtual, multilingual, multicultural, geographically dispersed team of software engineers. 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