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Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February 1. During the month of February, the company worked on these three jobs: Direct labor ($8/hour) Direct materials Overhead applied B10 $ 53,000 61,000 ? Required 1 Job Number C44 ? 80,000 44,500 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in Work-in-Process at the cost of $338,650 at the end of the month. Actual factory overhead costs during the month totaled $67,000. Required 2 Overhead rate G15 $ 19,500 Required: 1. What is the predetermined factory overhead rate? 2. Compute the amount of underapplied or overapplied overhead for February. ? 14, 625 Complete this question by entering your answers in the tabs below. What is the predetermined factory overhead rate? (Round your answer to 2 decimal places.) $ 6.00 per direct labor dollar

Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February 1. During the month of February, the company worked on these three jobs: Direct labor ($8/hour) Direct materials Overhead applied B10 $ 53,000 61,000 ? Required 1 Job Number C44 ? 80,000 44,500 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in Work-in-Process at the cost of $338,650 at the end of the month. Actual factory overhead costs during the month totaled $67,000. Required 2 Overhead rate G15 $ 19,500 Required: 1. What is the predetermined factory overhead rate? 2. Compute the amount of underapplied or overapplied overhead for February. ? 14, 625 Complete this question by entering your answers in the tabs below. What is the predetermined factory overhead rate? (Round your answer to 2 decimal places.) $ 6.00 per direct labor dollar

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter5: Product And Service Costing: Job-order System
Section: Chapter Questions
Problem 18E: Feldspar Company uses an ABC system to apply overhead. There are three activity rates, shown on page...
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Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February 1. During the month of February, the company worked on these three jobs: Direct labor ($8/hour) Direct materials Overhead applied B10 $ 53,000 61,000 Required 1 ? Job Number C44 Required 2 Overhead rate ? 80,000 44,500 G15 $ 19,500 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in Work-in-Process at the cost of $338,650 at the end of the month. Actual factory overhead costs during the month totaled $67,000. ? Required: 1. What is the predetermined factory overhead rate? 2. Compute the amount of underapplied or overapplied overhead for February. 14,625 Complete this question by entering your answers in the tabs below. What is the predetermined factory overhead rate? (Round your answer to 2 decimal places.) $ 6.00 per direct labor dollar
Transcribed Image Text:Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February 1. During the month of February, the company worked on these three jobs: Direct labor ($8/hour) Direct materials Overhead applied B10 $ 53,000 61,000 Required 1 ? Job Number C44 Required 2 Overhead rate ? 80,000 44,500 G15 $ 19,500 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in Work-in-Process at the cost of $338,650 at the end of the month. Actual factory overhead costs during the month totaled $67,000. ? Required: 1. What is the predetermined factory overhead rate? 2. Compute the amount of underapplied or overapplied overhead for February. 14,625 Complete this question by entering your answers in the tabs below. What is the predetermined factory overhead rate? (Round your answer to 2 decimal places.) $ 6.00 per direct labor dollar
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