Refer to M2-11 for Fairfield Company. Its actual manufacturing costs for the most recent period are summarized
Question:
Refer to M2-11 for Fairfield Company. Its actual manufacturing costs for the most recent period
are summarized here:
1. Post the preceding information to Fairfield Company’s Manufacturing Overhead T-account.
2. Compute over- or underapplied manufacturingoverhead.
Transcribed Image Text:
Description Total Cost tem Direct materials Indirect materials Hourly labor wages $90,000 15,000 Used on Jobs 101 and 102 750 hours $30 per hour 300 hours for Job 1 Used on multiple jobs 200 hours for Job 101- $6,000 9,000 7,500 02 250 hours for Job 103 Factory supervision Production engineer Factory janitorial work Selling, general, and administrative salaries Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) Other selling, general, and administrative costs (office rent, insurance, depreciation, etc.) 22,500 4,000 6,000 2,500 9,000 7,500 6,000
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Req 1 Req 2 37500 35000 2500 overapplied Manufacturing Ove...View the full answer
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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