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Use the following information to answer questions. (Algo) Skip to question [The following information applies to the questions displayed below.] The following information is available
Use the following information to answer questions. (Algo)
Skip to question [The following information applies to the questions displayed below.]
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.
Inventories Beginning of period End of Period Raw materials $ 48,000 $ 34,000 Work in process 9,400 20,800 Finished goods 65,000 33,500
Cost incurred for the period Raw materials purchases $ 190,000 Factory payroll 150,000 Factory overhead (actual) Indirect materials used 12,000 Indirect labor used 34,500 Other overhead costs 93,500
Exercise 19-15 (Algo) Recording actual and applied overhead LO P3
- Incurred other actual overhead costs (all paid in Cash).
- Applied overhead to work in process.
Prepare journal entries for the above transactions for the period.
Use the following information to answer questions. (Algo)
Skip to question[The following information applies to the questions displayed below.]
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.
Inventories | Beginning of period | End of Period |
---|---|---|
Raw materials | $ 48,000 | $ 34,000 |
Work in process | 9,400 | 20,800 |
Finished goods | 65,000 | 33,500 |
Cost incurred for the period | |
Raw materials purchases | $ 190,000 |
---|---|
Factory payroll | 150,000 |
Factory overhead (actual) | |
Indirect materials used | 12,000 |
Indirect labor used | 34,500 |
Other overhead costs | 93,500 |
Exercise 19-15 (Algo) Recording actual and applied overhead LO P3
- Incurred other actual overhead costs (all paid in Cash).
- Applied overhead to work in process.
Prepare journal entries for the above transactions for the period.
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