Dacosta Corporation had only one job in process on May 1. The job had been charged...

 

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Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,800 of direct materials, $6,966 of direct labor, and $9,936 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.40 per direct labor-hour. During May, the following activity was recorded: Raw materials (all direct materials): Beginning balance Purchased during the month Used in production Labor: Direct labor-hours worked during the month Direct labor cost incurred Actual manufacturing overhead costs incurred Inventories: Raw materials, May 30 Work in process, May 30 $ 8,500 $38,000 $39,300 1,900 $24,510 $33,300 $16,937 Work in process Inventory on May 30 contains $3,741 of direct labor cost. Raw materials consist solely of Items that are classified as direct materials. The cost of goods manufactured for May was: Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,800 of direct materials, $6,966 of direct labor, and $9,936 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.40 per direct labor-hour. During May, the following activity was recorded: Raw materials (all direct materials): Beginning balance Purchased during the month Used in production Labor: Direct labor-hours worked during the month Direct labor cost incurred Actual manufacturing overhead costs incurred Inventories: Raw materials, May 30 Work in process, May 30 $ 8,500 $38,000 $39,300 1,900 $24,510 $33,300 $16,937 Work in process Inventory on May 30 contains $3,741 of direct labor cost. Raw materials consist solely of Items that are classified as direct materials. The cost of goods manufactured for May was:

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Applied overhead 18401900 34960 Actual overhead 33300 Overap... View the full answer