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The following information was estimated for a company at the start of January: Estimated Total Manufacturing Overhead Costs $480,000 Estimated Direct Labor Hours 120,000 DLH
The following information was estimated for a company at the start of January: Estimated Total Manufacturing Overhead Costs $480,000 Estimated Direct Labor Hours 120,000 DLH Estimated Machine Hours 80,000 MH The following information was recorded for a company during the month of January: Beginning (January 1) Ending (January 31) Work in Process $36,000 $58,000 Finished Goods $16,000 $19,000 Direct Material Costs Direct Labor Costs Actual Manufacturing Overhead Costs Actual Machine Hours Actual Direct Labor Hours $75,000 $35,000 $50,000 11,000 MH 8,000 DLH A). Assume direct labor hours are the company's cost driver. What is the company's predetermined overhead rate? B) During the month of January, what was the company's applied manufacturing overhead? C) For the month, what was the company's Cost of Goods Manufactured? D) For the month, what was the unadjusted Cost of Goods Sold? E) For the month, was manufacturing overhead over applied or under applied? F) The company's income statement for the month of January would record what amount for its Cost of Goods Sold
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