exercise 20-06 a-b

Exercise 20-06 a-b A job cost sheet of Cullumber Company is given below. Job Cost Sheet JOB NO. 469 Quantity ITEM White Lion Cages Date Requested FOR Todd Company Date Completed Direct Direct Date Materials Labor 2.500 7/2 7/31 Manufacturing Overhead 7/10 700 12 900 15 400 500 375 22 300 24 1,675 1,575 27 31 500 625 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost Exercise 20-05 ac wildhorse Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $295,985 for the year, and machine usage is estimated at 125,000 hours. For the year. $317.945 of overhead costs are incurred and 130.700 hours are used. Compute the manufacturing overhead rate for the wear. (Round answer to 2 decimal places, eg. 125.) Manufacturing everhand rate per machine hour SHOW UNT OF ACCOUNTS What is the amount of under er overgeted owerhead at December 31 Manufacturing Overhead HOW LIST OF ACCOUNT Prepare the adjusting entry to assign the under or overacelled overhead for the year to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not inderit manually) Account Titles and explanation Debit Credit