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ETER Compute the factory overhead rate using the cutting department during the year If JOB 101 contained 100 units what would be the unit cost What would be the under or over applied factory overhead in sewing department at the end of the year What would be the under or over applied factory overhead in cutting department at the end of the year

ETER Compute the factory overhead rate using the cutting department during the year If JOB 101 contained 100 units what would be the unit cost What would be the under or over applied factory overhead in sewing department at the end of the year What would be the under or over applied factory overhead in cutting department at the end of the year

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 5SEB: PREDETERMINED FACTORY OVERHEAD RATE Marston Enterprises calculates a predetermined factory overhead...
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PETER Compute the factory overhead rate using the cutting department during the year If JOB 101 contained 100 units what would be the unit cost What would be the under or over applied factory overhead in sewing department at the end of the year What would be the under or over applied factory overhead in cutting department at the end of the year
4 Peter co makes shirts that it sells to retailers. The company uses a job order costing system in which predetermined overhead rates are used to apply factory overhead cost to jobs The predetermined rate in the sewing department is based on machine hours and in cutting department is based on direct labor cost. The following estimates are made at the beginning of the year: Cutting Direct Labor Hours Machine Hours Direct Material Cost Direct Labor Cost Factory Overhead Cost Sewing 24,000 140,000 1,020.000 260,000 1,204.000 120,000 10,000 1,300,000 840,000 1.470,000 Job 101 was startod on Feb I and completod on Feb 25. The company's cost rocords show the following information conceming the job. Sewing 60 220 Cutting 170 Direct Labor Hours Machine Hours Material Uised Direct Labor Cost 40 940 664 580 1,60 At the end of the year, the recoerds of the company shơw the actual cost and data for all the jobs worked during the year Sewing 20,000 130,000 Cutting 124,000 18,000 1.360,000 872,000 1500.000 Direct Labor Hours Machine lours Direct Material Cost Diroct Labor Cost Factory Overheal Cost S60.000 216.000 L140000
Transcribed Image Text:4 Peter co makes shirts that it sells to retailers. The company uses a job order costing system in which predetermined overhead rates are used to apply factory overhead cost to jobs The predetermined rate in the sewing department is based on machine hours and in cutting department is based on direct labor cost. The following estimates are made at the beginning of the year: Cutting Direct Labor Hours Machine Hours Direct Material Cost Direct Labor Cost Factory Overhead Cost Sewing 24,000 140,000 1,020.000 260,000 1,204.000 120,000 10,000 1,300,000 840,000 1.470,000 Job 101 was startod on Feb I and completod on Feb 25. The company's cost rocords show the following information conceming the job. Sewing 60 220 Cutting 170 Direct Labor Hours Machine Hours Material Uised Direct Labor Cost 40 940 664 580 1,60 At the end of the year, the recoerds of the company shơw the actual cost and data for all the jobs worked during the year Sewing 20,000 130,000 Cutting 124,000 18,000 1.360,000 872,000 1500.000 Direct Labor Hours Machine lours Direct Material Cost Diroct Labor Cost Factory Overheal Cost S60.000 216.000 L140000
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