Question: answer for this? The following cost data relate to the manufacturing activities of Black Company during the just-completed year: $ Manufacturing overhead costs: Property taxes,

answer for this?

answer for this? The following cost data relate to the manufacturing activities

of Black Company during the just-completed year: $ Manufacturing overhead costs: Property

The following cost data relate to the manufacturing activities of Black Company during the just-completed year: $ Manufacturing overhead costs: Property taxes, factory Utilities, factory Indirect labour Depreciation, factory Insurance, factory 4,700 7,550 13,400 28,250 9,400 8 01:10:17 Total actual manufacturing overhead costs $ 63,300 eBook $ $ 40,500 51,900 Other costs incurred: Purchases of raw materials. Direct labour cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ $ $ $ 11,400 8,700 8,550 10,900 The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $6 per machine- hour, a total of 11,000 machine-hours were recorded for the year. All raw materials ultimately become direct materials-none are classified as indirect materials. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year. BLACK COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials used in production Direct labour Total manufacturing cost Cost of goods manufactured

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f