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Required information [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products
Required information [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 Raw materials Beginning of period $ 38,000 End of Period $ 57,000 Work in process 9,700 Finished goods 61,000 19,600 33,100 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $ 178,000 150,000 7,000 34,500 98,500
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