Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is all of the information that was given for this question. Following is partial information for Delamunte Industries for the month of August: Work

This is all of the information that was given for this question.

Following is partial information for Delamunte Industries for the month of August:

Work In Process
Balance, August 1 $ 135,000
Direct materials used 104,800
Direct labor 169,000
Manufacturing overhead applied 135,000

Jobs finished during August are summarized here:

Job # Cost of Jobs Completed
234 $ 61,950
237 25,800
231 62,000
246 15,000

Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $23,800.

1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. (Round your answer to 2 decimal places.)

2. Determine the balance in Work in Process at the end of August.

3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31. (Round your "Predetermined Overhead Rate" to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

6.5 Identify at least 10 methods used for external recruitment.

Answered: 1 week ago

Question

6.6 Explain two strategies used to recruit nonpermanent staff.

Answered: 1 week ago