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A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Job number 3 5 Direct labor cost on job cost sheet $ 606,200 565,200 300,200 718,200 17,800 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the over-or underapplied overhead at the end of the year. Total actual overhead cost Total applied overhead cost 4 5 Job number 1 Overapplied overhead Underapplied overhead Job status at year-end Completed and sold Completed and sold Completed and sold Completed but not sold In process A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Direct labor cost on job cost sheet $ 606,200 565,200 300,200 718,200 17,800 < Required 1 Required 3 > Job status at year-end Completed and sold Completed and sold Completed and sold Completed but not sold In process Complete this question by entering your answers in the tabs below.

A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Job number 3 5 Direct labor cost on job cost sheet $ 606,200 565,200 300,200 718,200 17,800 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the over-or underapplied overhead at the end of the year. Total actual overhead cost Total applied overhead cost 4 5 Job number 1 Overapplied overhead Underapplied overhead Job status at year-end Completed and sold Completed and sold Completed and sold Completed but not sold In process A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Direct labor cost on job cost sheet $ 606,200 565,200 300,200 718,200 17,800 < Required 1 Required 3 > Job status at year-end Completed and sold Completed and sold Completed and sold Completed but not sold In process Complete this question by entering your answers in the tabs below.

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter17: Job Order Costing (job)
Section: Chapter Questions
Problem 1R: Nutt Products manufactures screws and bolts made to customer specifications. During August, Nutt...
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A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Job number 5 Direct labor cost on job cost sheet $ 606,200 565,200 300,200 718,200 17,800 Total actual overhead cost Total applied overhead cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the over-or underapplied overhead at the end of the year. 4 5 Overapplied overhead Underapplied overhead Direct labor cost Job number on job cost sheet $ 606,200 1 565,200 300,200 718,200 17,800 Job status at year-end Completed and sold A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Completed and sold Completed and sold Completed but not sold In process View transaction list Complete this question by entering your answers in the tabs below. Note: Enter debits before credits. Date < Required 1 Required 1 Required 2 Required 3 Record the entry to close over-or underapplied overhead to Cost of Goods Sold at the end of the year. Journal entry worksheet < 1 Job status at year-end Completed and sold Completed and sold Completed and sold Completed but not sold In process December 31 Required 3 > Record the entry to close over- or underapplied overhead to Cost of Goods Sold. General Journal Debit Credit >
Transcribed Image Text:A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Job number 5 Direct labor cost on job cost sheet $ 606,200 565,200 300,200 718,200 17,800 Total actual overhead cost Total applied overhead cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the over-or underapplied overhead at the end of the year. 4 5 Overapplied overhead Underapplied overhead Direct labor cost Job number on job cost sheet $ 606,200 1 565,200 300,200 718,200 17,800 Job status at year-end Completed and sold A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Completed and sold Completed and sold Completed but not sold In process View transaction list Complete this question by entering your answers in the tabs below. Note: Enter debits before credits. Date < Required 1 Required 1 Required 2 Required 3 Record the entry to close over-or underapplied overhead to Cost of Goods Sold at the end of the year. Journal entry worksheet < 1 Job status at year-end Completed and sold Completed and sold Completed and sold Completed but not sold In process December 31 Required 3 > Record the entry to close over- or underapplied overhead to Cost of Goods Sold. General Journal Debit Credit >
A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Job number 1 4 5 Direct labor cost on job cost sheet $ 606,200 565,200 300,200 718,200 17,800 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Job Number Compute the overhead applied to each job. Direct Labor $ 606,200 565,200 1 2 3 4 5 Total Job status at year-end Completed and sold Completed and sold Completed and sold Completed but not sold In process $ 300,200 718,200 17,800 2,207,600 Overhead applied < Required 1 Required 2 >
Transcribed Image Text:A manufacturer began the year with no jobs in process. During the year, the company worked on the five jobs reported below. The company applies overhead using a predetermined overhead rate of 60% of direct labor cost. For the year the company incurred actual overhead costs of $1,329,000. Job number 1 4 5 Direct labor cost on job cost sheet $ 606,200 565,200 300,200 718,200 17,800 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Job Number Compute the overhead applied to each job. Direct Labor $ 606,200 565,200 1 2 3 4 5 Total Job status at year-end Completed and sold Completed and sold Completed and sold Completed but not sold In process $ 300,200 718,200 17,800 2,207,600 Overhead applied < Required 1 Required 2 >
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