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Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 250,200 Aug. 31 Goods finished 123,600 31 Direct materials X 31
Selected accounts with amounts omitted are as follows:
Work in Process | |||||
Aug. 1 | Balance | 250,200 | Aug. 31 | Goods finished | 123,600 |
31 | Direct materials | X | |||
31 | Direct labor | 43,000 | |||
31 | Factory overhead | X |
Factory Overhead | |||||
Aug. 1 31 | Costs incurred | 97,200 | Aug. 1 | Balance | 13,800 |
31 | Applied | X |
If the balance of Work in Process on August 31 is $208,300, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs?
a.$13,800
b.$12,900
c.$97,200
d.$123,600
The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:
Standard Costs | |
Fixed overhead (based on 10,000 hours) | 3 hours per unit @ $0.80 per hour |
Variable overhead | 3 hours per unit @ $2.00 per hour |
Actual Costs | |
Total variable cost, $18,000 | |
Total fixed cost, $8,000 |
The total factory overhead cost variance is
a.$5,000 favorable
b.$2,000 favorable
c.$5,000 unfavorable
d.$2,500 unfavorable
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