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Q2. Kwon Manufacturing Please help me understand how to fill in the missing spaces on the table. How do I find the overhead costs? Required
Q2. Kwon Manufacturing
Please help me understand how to fill in the missing spaces on the table. How do I find the overhead costs?
Required Information {The foito wing information apoites to the questions dispiayeo Defer-it} Information on Kwon Manufacturing's activities for its rst month of operations follows: a. Purchased $100,200 of raw materials on credit. lo. Materials requisitions show the following materials used for the month. Job 28']. 5 48,488 Job 282 23,888 Total direct materials ?2,288 Indirect materials 8,828 Total materials used 5 81,828 c. Time tickets snow the following labor used for the month. Job 28']. 5 39,488 Job 282 12,888 Total direct labor 52,288 Indirect labor 24,488 Total labor used 5 28,888 d. Applied overhead to Job 201 and to Jolo 202 using a predetermined overhead rate of80% of direct materials cost. 8. Transferred Jolo 201 to Finished Goods Inventory. f. Sold Job 201 for 8154.380 on credit. 9. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment 3 32,288 Rent on factory building (payable) 528 Factory utilities (payable) 828 Expired factory insurance 3,288 Total other factory overhead costs 5 35:743Step by Step Solution
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