Question: please answer fully II. Job order costing (19 points) overhead rate based would work 37,000 machine-hours and incur $222,000 in manufacturing overhead cost. The company
please answer fully II. Job order costing (19 points) overhead rate based would work 37,000 machine-hours and incur $222,000 in manufacturing overhead cost. The company uses job-order costing. It applies overhead to jobs using a predetermined on machine-hours. At the beginning of the year, Delphi estimated that it following transactions were recorded for the year: a. Raw materials were issued for use in production, $367,000 ($345,000 direct and b. Employee costs were incurred indirect). direct labor, $309,000; indirect labor, $44,000; and c. d. e. administrative salaries, $155,000. Factory depreciation, $175,000. Selling costs, $140,000. Manufacture overhead was applied to jobs. The actual machine hours for the year were 35,000 hours. a. Compute the total manufacturing overhead cost applied to jobs during the year. Ans: $ b. Assume that the beginning balance for work in process is $15,000 and the ending balance is S12,000, compute the amount of costs of goods manufactured for the year. Ans: $ overhead at the end of the year (Hint: show your work for actual manufacturing costs to receive partial credits). c. Prepare the journal entry needed to close out the over-applied or under-applied manufacturing
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