Required information Use the following information to answer questions. (Algo) [The following information applies to the...
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Required information Use the following information to answer questions. (Algo) [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 Work in process Finished goods Beginning of period $ 29,000 9,800 62,000 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) End of Period. $ 56,000 18,400 34,800 $ 187,000 150,000 Indirect materials used 8,000 Indirect labor used Other overhead costs 34,500 100,000 Exercise 15-15 (Algo) Recording actual and applied overhead LO P3 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Required information Use the following information to answer questions. (Algo) [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 Work in process Finished goods Beginning of period $ 29,000 9,800 62,000 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) End of Period. $ 56,000 18,400 34,800 $ 187,000 150,000 Indirect materials used 8,000 Indirect labor used Other overhead costs 34,500 100,000 Exercise 15-15 (Algo) Recording actual and applied overhead LO P3 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process.
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