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Question 17 During 2020 Crane Manufacturing expected Job 25 to cost $74400 of overhead, $129700 of material, and $24000 in labour. Caruba applied overhead based
Question 17 During 2020 Crane Manufacturing expected Job 25 to cost $74400 of overhead, $129700 of material, and $24000 in labour. Caruba applied overhead based on direct labour cost. Actual production required an overhead cost of $79800, $140800 in materials used, and $21000 in labour. All of the goods were completed. What amount was transferred to Finished Goods? $241600 $228100 $226900 O $215800 Question 20 A company incurs $1240000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 1000 processing transactions, 200000 packaging transactions, and 2000 tests per year in producing 399000 drums of oil and 603000 drums of sludge. The following data are available: Department Processing Packaging Testing Expected use of Driver Cost 1000 $497000 200000 497000 2000 246000 Production information for sludge is as follows: Department Expected use of Driver Processing 600 Packaging 90000 Testing 500 Calculate the amount of overhead assigned to sludge. $620000 $583350 $359700 $285150
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