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Using the information below, finish the tables. 1. Purchased additional raw materials of $104,400 on account. 2. Incurred factory labor costs of $81,200. 4. Assigned
Using the information below, finish the tables.
1. Purchased additional raw materials of $104,400 on account. 2. Incurred factory labor costs of $81,200. 4. Assigned direct materials and direct labor to jobs as follows. e.g. 25%.) Predetermined overhead rate 120 % eTextbook and Media Open job cost sheets for Jobs 50, 51, and 52. Enter the January 1 balances on the job cost sheet for Job 50. Job No. 50 Date Direct Materials Direct Labor Manufacturing Overhead Beg. Jan. $ $ $ 18,560 Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No. 51 Date Direct Materials Direct Labor Manufacturing Overhead Jan. Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost \begin{tabular}{rr} \hline & 45,240 \\ \hline & 29,000 \\ \hline & 34,800 \\ \hline & 109,040 \\ \hline \end{tabular} (c) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January. (e) Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the month. (f) Record the sale of any job(s) during the month. What is the amount of over- or underapplied overhead? Manufacturing Overhead \$Step by Step Solution
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