Business, 01.04.2020 21:45 PollyB1896
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory DR CR Beginning balance $4,700 Direct materials 47,300 Direct labor 29,800 ? Finished goods Applied overhead 16,000 Ending balance $9,300
The cost of units transferred to finished goods is:
a. $93,100.
b. $97,800.
c. $88,500.
d. $96,000.
e. $107,100.
Answers: 2
Business, 22.06.2019 04:50
Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.
Answers: 1
Business, 22.06.2019 06:00
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Answers: 3
Business, 22.06.2019 15:00
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Answers: 2
Business, 23.06.2019 09:00
Matthew decides to buy expensive designer jeans. less expensive jeans are available, but the added cost of the designer brand is worth it to matthew most likely because
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The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs complet...
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