Curtis Inc. uses a job order costing system. Manufacturing overhead is applied on the basis of direct
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Question:
Curtis Inc. uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $75,000 for the year; direct labor was estimated to total $150,000.
Other factory costs $6,500
a. Calculate the predetermined overhead rate.
b. Calculate cost of goods manufactured.
c. Calculate the over- or underapplied overhead. d. Calculate adjusted cost of goods sold.
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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