Albany Company uses a job-order costing system and applies manufacturing overhead (MOH) based on direct labor cost (DLC). At the beginning of July, the following information was estimated: Estimated MOH $ 340,000 Estimated DLC $ 425,000 Partial activity posted during the month of July is shown in the T-accounts below: Raw Materials (All Direct) Work in Process Beg Bal $ 72,500 Beg Bal $ 73,000 Purchases 142,000 DM Used End Bal $ 69,450 Actual DLC 418,000 МОН End Bal $ 75,000 Manufacturing Overhead Finished Goods Actual Applied Beg Bal $ 3,000 COGM 2$ 316,250 End Bal $ 4,500 15 Cost of Goods Manufactured (COGM) for the month of July was: $ 892,400 $ 897,450 А. В. С. $ 877,300 D. $ 895,450 E. None of the above
Albany Company uses a job-order costing system and applies manufacturing overhead (MOH) based on direct labor cost (DLC). At the beginning of July, the following information was estimated: Estimated MOH $ 340,000 Estimated DLC $ 425,000 Partial activity posted during the month of July is shown in the T-accounts below: Raw Materials (All Direct) Work in Process Beg Bal $ 72,500 Beg Bal $ 73,000 Purchases 142,000 DM Used End Bal $ 69,450 Actual DLC 418,000 МОН End Bal $ 75,000 Manufacturing Overhead Finished Goods Actual Applied Beg Bal $ 3,000 COGM 2$ 316,250 End Bal $ 4,500 15 Cost of Goods Manufactured (COGM) for the month of July was: $ 892,400 $ 897,450 А. В. С. $ 877,300 D. $ 895,450 E. None of the above
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 9P: Channel Products Inc. uses the job order cost system of accounting. The following is a list of the...
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