{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T19:07:40-04:00", "answer_date": "2024-05-27 19:07:40", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1796321", "url": "\/study-help\/questions\/the-following-cost-data-relate-to-the-manufacturing-activities-of-1796321", "question_creation_date_js": "2024-05-27T19:07:40-04:00", "question_creation_date": "May 27, 2024 07:07 PM", "meta_title": "[Solved] The following cost data relate to the man | SolutionInn", "meta_description": "Answer of - The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufa | SolutionInn", "meta_keywords": "cost,data,relate,manufacturing,activities,chang,company,completed,year,overhead,costs,incurred", "question_title_h1": " The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect", "question_title": " The following cost data relate to the manufacturing activities of Chang", "question_title_for_js_snippet": "The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred Purchases of raw materials (both direct and indirect) Direct labor cost Inventories Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,700 137,000 8,700 77,000 270,900 10,700 $520,000 $407,000 $ 67,000 $ 20,700 $ 30,700 $ 40,700 $ 70,700 The company uses a predetermined overhead rate of $26 per machine hour to apply overhead cost to jobs A total of 20,400 machine hours were used during the year Required 1 Compute the amount of underapplied or overapplied overhead cost for the year 2 Prepare a schedule of cost of goods manufactured for the year ", "question_description": "\"image\"image\"image", "transcribed_text": "The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,700 137,000 8,700. 77,000 270,900 10,700 $520,000 $407,000 $ 67,000 $ 20,700 $ 30,700 $ 40,700 $ 70,700 The company uses a predetermined overhead rate of $26 per machine-hour to apply overhead cost to jobs. A total of 20,400 machine-hours were used during the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year.", "related_book": { "title": "Financial Accounting in an Economic Context", "isbn": "9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292", "edition": "8th Edition", "authors": "Jamie Pratt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/61.jpg", "uri": "\/textbooks\/financial-accounting-in-an-economic-context-8th-edition-61", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8858663096", "uri": "\/textbooks\/unlocking-the-power-of-social-media-in-healthcare-1st-edition-979-8858663096-168341", "name": "Unlocking The Power Of Social Media In Healthcare", "edition": "1st Edition" }, "question_posted": "2024-05-27 19:07:40", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/xyz-purchased-an-equipment-worth-of-150000-including-insurance-cost-315904", "description": "XYZ purchased an equipment worth of $150,000 including insurance cost $30,000 and duty cost $20,000 on May 15, 2018. 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