Beginning WIP balance is 20,000 (composed of twos job: Job 1 with total cost of 12,000 and Job 2). For 2020, three jobs were being monitored by the company namely: Job 1 , Job 2 and Job 3. DM issued to production totaled 50,000 (includes DM issued of 20,000 for Job 1 and 20,000 to Job 2.). Factory payroll, net of deductions of 5,000, totaled 60,000. Factory payroll includes DL cot allocated to Job 1 of 10,000. OH rate is 80% of Direct labor cost. OH applied to Job 2 amounted to 11,200 . Assuming that Job 2 were still in process at the end of the year. What is the COGM?
Beginning WIP balance is 20,000 (composed of twos job: Job 1 with total cost of 12,000 and Job 2). For 2020, three jobs were being monitored by the company namely: Job 1 , Job 2 and Job 3. DM issued to production totaled 50,000 (includes DM issued of 20,000 for Job 1 and 20,000 to Job 2.). Factory payroll, net of deductions of 5,000, totaled 60,000. Factory payroll includes DL cot allocated to Job 1 of 10,000. OH rate is 80% of Direct labor cost. OH applied to Job 2 amounted to 11,200 . Assuming that Job 2 were still in process at the end of the year. What is the COGM?
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 3PA: Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it...
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Beginning WIP balance is 20,000 (composed of twos job: Job 1 with total cost of 12,000 and Job 2). For 2020, three jobs were being monitored by the company namely: Job 1 , Job 2 and Job 3. DM issued to production totaled 50,000 (includes DM issued of 20,000 for Job 1 and 20,000 to Job 2.). Factory payroll, net of deductions of 5,000, totaled 60,000. Factory payroll includes DL cot allocated to Job 1 of 10,000. OH rate is 80% of Direct labor cost. OH applied to Job 2 amounted to 11,200 . Assuming that Job 2 were still in process at the end of the year. What is the COGM?
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