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Required information Skip to question [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order
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[The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost.
Inventories | Beginning of period | End of Period |
---|---|---|
Raw materials | $ 27,000 | $ 42,000 |
Work in process | 9,400 | 18,800 |
Finished goods | 68,000 | 33,100 |
Cost incurred for the period | |
Raw materials purchases | $ 178,000 |
---|---|
Factory payroll | 250,000 |
Factory overhead (actual) | |
Indirect materials used | 10,000 |
Indirect labor used | 57,500 |
Other overhead costs | 94,500 |
1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process.
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