The following information is available for ADT Company, which produces special-order security products and uses a...
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The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of period $ 50,000 9,400 54,000 Cost incurred for the period Raw materials purchases. Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs End of Period $ 47,000 20,700 33,500 $ 173,000 150,000 11,000 34,500 113,000 The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of period $ 50,000 9,400 54,000 Cost incurred for the period Raw materials purchases. Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs End of Period $ 47,000 20,700 33,500 $ 173,000 150,000 11,000 34,500 113,000
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