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    "answer_date_js": "2024-06-29T01:39:37-04:00",
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    "question_id": "4441195",
    "url": "\/study-help\/questions\/the-following-cost-data-relate-to-the-manufacturing-activities-of-4441195",
    "question_creation_date_js": "2024-06-29T01:39:37-04:00",
    "question_creation_date": "Jun 29, 2024 01:39 AM",
    "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 Construct Limited last year: Manufacturing overhead | SolutionInn",
    "meta_keywords": "cost,data,relate,manufacturing,activities,construct,limited,year,overhead,costs,property,taxes",
    "question_title_h1": "The following cost data relate to the manufacturing activities of Construct Limited last year: Manufacturing overhead costs: Property taxes $6,750 Utilities, factory 8,500 Indirect labor",
    "question_title": "The following cost data relate to the manufacturing activities of Construct Limited",
    "question_title_for_js_snippet": "The following cost data relate to the manufacturing activities of Construct Limited last year  Manufacturing overhead costs  Property taxes $6,750 Utilities, factory 8,500 Indirect labor 10,125 Depreciation, factory 26,250 Insurance, factory 8,375 Total $60,000 Other costs incurred  Purchases of direct materials $45,000 Direct labor cost $48,150 Inventories  Direct materials, January 1 $5,600 Direct materials, December 31 $7,750 Work in process, January 1 $6,700 Work in process, December 31 $8,200 The company uses a predetermined overhead rate to apply manufacturing overhead cost to production  The rate last year was $9 00 per machine hour  a total of 7,000 machine hours were recorded for the year  Required  Calculate the amount of applied overhead  (1 marks) Calculate the amount and specify underapplied or overapplied overhead cost for the year  (2 marks) Prepare a schedule of Cost of Goods Manufactured for the year  Show all items  (12 marks)",
    "question_description": "<p>The following cost data relate to the manufacturing activities of Construct Limited last year: <\/p> <figure><table><tbody> <tr> <td><p>Manufacturing overhead costs:<\/p><\/td> <td><p><\/p><\/td> <\/tr> <tr> <td><p>Property taxes<\/p><\/td> <td><p>$6,750<\/p><\/td> <\/tr> <tr> <td><p>Utilities, factory<\/p><\/td> <td><p>8,500<\/p><\/td> <\/tr> <tr> <td><p>Indirect labor<\/p><\/td> <td><p>10,125<\/p><\/td> <\/tr> <tr> <td><p>Depreciation, factory<\/p><\/td> <td><p>26,250<\/p><\/td> <\/tr> <tr> <td><p>Insurance, factory<\/p><\/td> <td><p>8,375<\/p><\/td> <\/tr> <tr> <td><p>Total<\/p><\/td> <td><p>$60,000<\/p><\/td> <\/tr> <tr> <td><p>Other costs incurred:<\/p><\/td> <td><p><\/p><\/td> <\/tr> <tr> <td><p>Purchases of direct materials<\/p><\/td> <td><p>$45,000<\/p><\/td> <\/tr> <tr> <td><p>Direct labor cost<\/p><\/td> <td><p>$48,150<\/p><\/td> <\/tr> <tr> <td><p>Inventories:<\/p><\/td> <td><p><\/p><\/td> <\/tr> <tr> <td><p>Direct materials, January 1<\/p><\/td> <td><p>$5,600<\/p><\/td> <\/tr> <tr> <td><p>Direct materials, December 31<\/p><\/td> <td><p>$7,750<\/p><\/td> <\/tr> <tr> <td><p>Work in process, January 1<\/p><\/td> <td><p>$6,700<\/p><\/td> <\/tr> <tr> <td><p>Work in process, December 31<\/p><\/td> <td><p>$8,200<\/p><\/td> <\/tr> <\/tbody><\/table><\/figure><p><\/p> <p>The company uses a predetermined overhead rate to apply manufacturing overhead cost to production. The rate last year was $9.00 per machine-hour; a total of 7,000 machine-hours were recorded for the year.<\/p> <p>  <strong>Required:<\/strong><\/p> <ol> <li>Calculate the amount of applied overhead. (1 marks)<\/li> <li>Calculate the amount and specify underapplied or overapplied overhead cost for the year. (2 marks)<\/li> <li>Prepare a schedule of Cost of Goods Manufactured for the year. Show all items. (12 marks)<\/li> <\/ol>",
    "transcribed_text": "",
    "related_book": {
        "title": "Cost Management Measuring Monitoring And Motivating Performance",
        "isbn": "1118168879, 9781118168875",
        "edition": "2nd Canadian Edition",
        "authors": "Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook",
        "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/635f99b5717e0_1157.jpg",
        "uri": "\/textbooks\/cost-management-measuring-monitoring-and-motivating-performance-2nd-canadian-edition-1157",
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        "edition": "1st Edition"
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    "question_posted": "2024-06-29 01:39:37",
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