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XYZ Co. has a job-order cost system. For the month of April, the following debits (credits) appeared in the general ledger account. Based on direct
XYZ Co. has a job-order cost system. For the month of April, the following debits (credits) appeared in the general ledger account. Based on direct labor cost, XYZ applies overhead to production at a 125% predetermined rate of Job No. 100, the only job still in process at the end of January, has been charged 5000 with factory overhead of 1-Jan 31.Jan 77,000 40.000 66,000 42.000 115,000 100,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs 324.000 950,000 260.000 Required: The amount of underapplied or overapplied overhead is: Indicate the amount is overapplied (O) or underapplied (U) The amount of direct materials charged to Job No. 100 was? XYZ is the maker of high quality golf bags. The company currently has three different lines of bags, which it sells to sporting goods stores and golf shops throughout the world. XYZ sells a constant mix of 3 medium-sized bags for 2 small bag and 4 medium bags for 3 large-sized bag. Total fixed costs for the year are 2037550 expected to be Note: round all decimals to three places in the computation Small Medium Large Selling price per 100 150 250 bag Variable cost per 60 96 160 bag The weighted average contribution margin ratio for the large bag is: Note: round final answer to three decimal places The breakeven point in units for the medium- sized bags would be: Note: round final answer up to nearest whole unit
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