Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a $113,100 of manufacturing overhead for company has provided the folloving data tortmed cation base of $87000 diect materia dolas to be used in production. The Purchase of raw materials Direct labor cost $140,808 83,60e Manufacturing overhead costs: Indirect labor Property taxes Depreciation of equipment Maintenance Insurance Rent, building $116,000 $ 8,908 $ 17,000 s 12,800 8,30e $ 35,808 Beginning Ending 24,800 $16,600 48,000 $ 39,000 $71,000$60,000 Raw Materials Work in Process Finished Goods Required: 1 Compute the predetermined overhead rate for the year 2 Compute the amount of underapplied or overapplied overhead for the year 3 Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials 4 Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer 5. Assume that the $39,000 ending balance in Work in Process includes $8,000 of direct materials. Given this assumption, supply the information missing below Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4Required 5 Compute the predetermined overhead rate for the year
Depreciation of equipment17,ee0 $ 12,000 $ 8,308 $ 35,800 Maintenance Insurance Rent, building Beginning Ending s 24,000 $16,000 Work in Process48,000 39,000 71,000 $68,800 Raw Materials Finished Goods $ ok Required: 1. Compute the predetermined overhead rate for the year 2. Compute the amount of underapplied or overapplied overhead for the year 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer 5. Assume that the $39,000 ending balance in Work in Process includes $8,000 of direct materials. Given this assumption, supply the information missing below Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3Required 4 Required 5 Compute the predetermined overhead rate for the year Required 2 > Prev3of 4 Next FiR1 Shed Gobds 5 71,880 60,000 Required: 1. Compute the predetermined overhead rate for the year 2. Compute the amount of underapplied or overapplied overhead for the year 3. Prepare 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your a 5. Assume that the $39,000 ending balance in Work in Process includes $8,000 of direct materials. Given this assumption, supp information missing below a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct ma Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the amount of underapplied or overapplied overhead for the year. K Prev 3 of 4 Next search . Pepaie d Strieuule uf cost of goods manufactured for the year Assume all raw materials are used in production as direct materials 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer 5. Assume that the $39,000 ending balance in Work in Process includes $8,000 of direct materials. Given this assumption, supply the information missing below Complete this question by entering your answers in the tabs bel Required 1Required 2 Required 3 Required 4Required S Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials. Products Schedule of Cost of Goods Manufactured Direct materials Total raw materials available Raw materials used in productior Total manufacturing costs Cost of goods manufactured Required 4 >
