YANKEES, INC., a construction company, uses a job-order cost system.Its transactions for the month of September were as follows:

9/2Purchased materials for cash at a cost of $50.

9/5Materials with a cost of $30 were issued to jobs as follows:

#2$15

#3$15

9/20Overhead incurred during the month totaled $25.

9/25Payroll costs for September were $35.

9/27Direct labor of $30 was charged to jobs as follows:

#2$20

#3$10

9/28Overhead was applied using an overhead rate of $1 of overhead for every $3 of the cost of direct materials used.

9/29Job #2 was completed

9/30Job #2 was sold.

Additional data:

The August 31inventory balanceswere as follows:

Materials - $12

Work in process - $25 (materials $10; labor $10; overhead $5)

Finished Goods $21 (materials $8; labor $9; overhead $4).

The August 31Subsidiary (Job) recordswere as follows:

Job #1$21 (materials $8: labor $9; overhead $4);

Job #2$25 (materials $10; labor $10; overhead $5).

Required:

a.Overhead applied (allocated) to work in process during September was

$Answer

b.Under- orover-appliedoverhead (indicate which) at September 30 was

$Answer

Answer

under-applied

over-applied

c.Total Manufacturing Cost for September was

$Answer

d.Cost of Goods Manufactured for September was

$Answer

e.Cost of Goods Sold for September was

$Answer

f.Raw Material inventory at September 30 was

$Answer

g.Work in process inventory at September 30 was

$Answer

h. Finished goods inventory at September was

$Answer

i.The overhead rate used in August was $1 of overhead per $____ of _______.

$Answer

Answer