Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

W nts 2 Skipped Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply

image text in transcribed

W nts 2 Skipped Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 89,000 and estimated factory overhead is $445,000. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished. eBook Print erences September 1, inventories Materials inventory Work-in-process inventory (All Job A) Finished goods inventory Material purchases Direct materials requisitioned Job A Job B Direct labor hours Job A Job B Labor costs incurred Direct labor ($7.00/hour) Indirect labor Supervisory salaries Rental costs $ 8,000 32,200 69,500 111,500 70,000 36,000 4,700 4,000 60,900 14,000 6,500 Factory 7,500 Administrative offices 2,300 Total equipment depreciation costs Factory 8,250 Administrative offices 2,350 Indirect materials used 12,500 Required: 1. What is the total cost of Job A? 2. What is the total factory overhead applied during September? 3. What is the overapplied or underapplied overhead for September? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the total cost of Job A? (Do not round intermediate calculations.) < Prev 2 of 5 Next >

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_2

Step: 3

blur-text-image_3

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

Accounting Information Systems The Crossroads of Accounting & IT

Authors: Donna Kay, Ali Ovlia

2nd Edition

132991322, 978-0132991322

More Books

Students also viewed these Accounting questions

Question

Using Gauss-Jordan elimination, invert this matrix ONLY 0 0 0 0 1

Answered: 1 week ago