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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
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:
Complete the 2 journal entries for :
Someone please show me the correct numbers & calculations based on the info provided above. Thanks :)
InventoriesRawmaterialsWorkinprocessFinishedgoodsBeginningofperiod$45,0009,40066,000EndofPeriod$39,00019,10033,700 \begin{tabular}{lr} \multicolumn{2}{c}{ Cost incurred for the period } \\ Raw materials purchases & $194,000 \\ Factory payroll & 200,000 \\ Factory overhead (actual) & \\ Indirect materials used & 16,000 \\ Indirect labor used & 46,000 \\ Other overhead costs & 101,500 \end{tabular} InventoriesRawmaterialsWorkinprocessFinishedgoodsBeginningofperiod$45,0009,40066,000EndofPeriod$39,00019,10033,700 \begin{tabular}{lr} \multicolumn{2}{c}{ Cost incurred for the period } \\ Raw materials purchases & $194,000 \\ Factory payroll & 200,000 \\ Factory overhead (actual) & \\ Indirect materials used & 16,000 \\ Indirect labor used & 46,000 \\ Other overhead costs & 101,500 \end{tabular}Step by Step Solution
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