Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw...

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Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 45,500 24,750 8,500 Factory Wages Payable Debit 126,500 Credit 86,250 40,750 Work in Process Inventory Debit 24,750 86,250 Credit Finished Goods Inventory Debit Credit 170,820 170,820 153,790 103,184 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) Compute the amount that overhead is overapplied or underapplied. Underapplied overhead Factory Overhead Debit Credit 8,500 40,750 61,870 103,184 Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 45,500 24,750 8,500 Factory Wages Payable Debit 126,500 Credit 86,250 40,750 Work in Process Inventory Debit 24,750 86,250 Credit Finished Goods Inventory Debit Credit 170,820 170,820 153,790 103,184 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) Compute the amount that overhead is overapplied or underapplied. Underapplied overhead Factory Overhead Debit Credit 8,500 40,750 61,870 103,184

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a Direct materials used Raw Materials Inventory beginning Purchases Raw Materials Inventory ending D... View the full answer