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, 50% iew History Bookmarks People Window Help Shopping Cart x AA87Striped Jex 21 Basket Forevex Facebook. Lox AccessUH QLS 19 Flashcar x Help Sa Required information 1. Determine the total ot each production cost incurred tor April (direct labor, direct materials, and applied overhead), and t assigned to each job (ncluding the balances from March 3t), Job 306 Job 307 April To From March Direct Materials Direct Labor Applied overhead 26,000 22,000 1,000 59,000 42,000 18,000 9,000 69,000 $ 68,000 40,000 20,000 $ 128,000 Beginning goods in process For Agri Direct Materials Direct Labor Applied overhead 35,000 01,000 115,000 450,000 151,000 104,000 356,000 Total costs added in Apri Total costs (Apri 30) 236,000 51,000 219,000 806,000 Status on April 30 Finished (sold) Finished (unsold) In process Prex 2 3 4 Next> pdtclass 4 presentation.pdt 9 class 3 presentation pdt cass 2 presentationed, 8 5 6 8 9Explanation / Answer
Job 306
Job 307
Job 308
April Total
From March
$26,000
$42,000
$68,000
Direct material
$22,000
$18,000
$40,000
Direct labor
$11,000
$9,000
$20,000
Applied overhead
$59,000
$69,000
$128,000
Beginning goods in process
For April
Direct material
$135,000
$200,000
$115,000
$450,000
Direct labor
$101,000
$151,000
$104,000
$356,000
Applied overhead
$50,500
$75,500
$52,000
$178,000
Total cost added in April
$286,500
$426,500
$271,000
$984,000
Total cost (April 30)
$345,500
$495,500
$271,000
$1,112,000
Status in April 30
Finished(sold)
Finished(unsold)
In process
April 30 cost includes in
Cost of Goods sold
Finished goods inventory
Work in process inventory
Explanation:
Applied overhead rate = Total applied overhead cost/ total labor cost
= $ 11,000/$ 22,000 = 0.5 per $ of labor cost
Applied overhead cost in April = Total labor cost x 0.5
For Job 306:
Applied overhead cost for = $ 101,000 x 0.5 = $ 50,500
Total cost added in April = $ 135,000 + $ 101,000 + $ 50,500 = $ 286,500
Total cost in April 30 = Beginning goods in process + Total cost added in April
= $ 59,000 + $ 286,500 = $ 345,500
For Job 307:
Applied overhead cost for Job 307 = $ 151,000 x 0.5 = $ 75,500
Total cost added in April = $ 200,000 + $ 151,000 + $ 75,500 = $ 426,500
Total cost in April 30 = Beginning goods in process + Total cost added in April
= $ 69,000 + $ 426,500 = $ 495,500
For Job 308:
Applied overhead cost for Job 308 = $ 104,000 x 0.5 = $ 52,500
Total cost added in April = $ 115,000 + $ 104,000 + $ 52,000 = $ 271,000
Total cost in April 30 = Total cost added in April
= $ 271,000
Job 306
Job 307
Job 308
April Total
From March
$26,000
$42,000
$68,000
Direct material
$22,000
$18,000
$40,000
Direct labor
$11,000
$9,000
$20,000
Applied overhead
$59,000
$69,000
$128,000
Beginning goods in process
For April
Direct material
$135,000
$200,000
$115,000
$450,000
Direct labor
$101,000
$151,000
$104,000
$356,000
Applied overhead
$50,500
$75,500
$52,000
$178,000
Total cost added in April
$286,500
$426,500
$271,000
$984,000
Total cost (April 30)
$345,500
$495,500
$271,000
$1,112,000
Status in April 30
Finished(sold)
Finished(unsold)
In process
April 30 cost includes in
Cost of Goods sold
Finished goods inventory
Work in process inventory
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