Balances on March 31
Direct materials used (in March)
Direct labor used (in March)
Overhead applied (March)
Costs during April
Direct materials used
Direct labor used
Overhead applied
Status on April 30
Job 306
Job 307
Job 308
$ 35,400
26,400
16,400
$ 41,400
24,400
15,400
151,000
91,400
?
Finished
(sold)
236,000
166,000
?
Finished
(unsold)
$ 116,000
121,000
?
In process
Additional Information
a. Raw Materials Inventory has a March 31 balance of $86,400.
b. Raw materials purchases in April are $516,000, and total
factory payroll cost in April is $379,000.
c. Actual overhead costs incurred in April are indirect materials,
$54,000; indirect labor, $27,000; factory rent, $36,000; factory
utilities, $23,000; and factory equipment depreciation,
$55,000.
d. Predetermined overhead rate is 50% of direct labor cost.
e. Job 306 is sold for $651,000 cash in April.
Problem 2-2A (Algo) Part 1
Required:
Determine the amount of overhead applied to each job in April.
306
307
308
April Total
Direct labor
$ 91,400
$ 166,000
$ 121,000
$ 378,400
Predetermined overhead rate
Overhead applied
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