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Q3(Spoints) Dania company uses normal costing for its job-costing system and the following data are for 2017: k. Budgeted manufacturing overhead rate is $2 per
Q3(Spoints) Dania company uses normal costing for its job-costing system and the following data are for 2017: k. Budgeted manufacturing overhead rate is $2 per one dollar of direct labor cost. 1. Actual direct labor cost $300,000 (wages rate $20). m. Direct Materials used $500,000. n. Beginning work-in-process is zero 3.5 o. The tow unfinished jobs on Dec 31/2017 are job No 514 on which direct materials costs are $25,000 and direct labor hours are 350, and job No 515 on which direct materials costs are $18,000 and direct labor hours are 150 Calculate the following: Johsis 7. End Work-in-process Dim 18ou. D.L.H isu oot 27000 Iolc = (20 x 1 60 = 73000 T Jobslu Dom 25oou D.L.H350 = ... 20x350 17000 - grelhada Zou uX2 8. Cost of goods manufactured Tural 4ouu 17300 overhead = 3 ) - Total bsis 9 9. Overhead allocated during 2017 rate & Actua, Direct labor cast = 2X 3 ou nou Goooole inter is an accounting firm that provides audit, tax and follows
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