On March 1, a dressmaker starts work on three different custom-designed wedding dresses. The company uses...

 

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On March 1, a dressmaker starts work on three different custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 42% of direct materials costs. During the month, the jobs used direct materials as shown below. Compute the amount of overhead applied to each of the three jobs. Job 1 Job 2 Direct materials used $ 6,500 $ 8,500 Job 3 $ 3,000 Job 11 Job 2 Job 3 Overhead Applied Hotwax completed the production of goods costing $290,000 and transferred them to finished goods. Prepare the journal entry to record the transfer of units from the Shaping department to Finished Goods Inventory. View transaction list Journal entry worksheet < A Record the transfer of units from the Shaping department to Finished Goods Inventory. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal On March 1, a dressmaker starts work on three different custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 42% of direct materials costs. During the month, the jobs used direct materials as shown below. Compute the amount of overhead applied to each of the three jobs. Job 1 Job 2 Direct materials used $ 6,500 $ 8,500 Job 3 $ 3,000 Job 11 Job 2 Job 3 Overhead Applied Hotwax completed the production of goods costing $290,000 and transferred them to finished goods. Prepare the journal entry to record the transfer of units from the Shaping department to Finished Goods Inventory. View transaction list Journal entry worksheet < A Record the transfer of units from the Shaping department to Finished Goods Inventory. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal

Answer rating: 100% (QA)

To compute the amount of overhead applied to each job we need to calculate 42 of the direc... View the full answer