Kirkaid Company recorded the following transactions for the just completed month

Question

Kirkaid Company recorded the following transactions for the just completed month a. $104,000 in raw materials were requisitioned for use in production. Of this amount, $82,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $128,000 were incurred. Of this amount, $115,000 was for direct labor and the remainder was for indirect labor c. Additional actual manufacturing overhead costs of $207,000 were incurred. d. A total of $248,000 in manufacturing overhead was applied to jobs. Required Determine the underapplied or overapplied overhead for the month. Ai ma MacBook Ai OO FA F2 F3 2

Explanation / Answer

Actual manufacturing overhead costs: Indirect materials 22000 =104000-82000 Indirect labor 13000 =128000-115000 Additional manufacturing overhead 207000 Actual manufacturing overhead costs 242000 Overapplied manufacturing overhead = 248000-242000 = $6000

Related Questions

Navigate

• Browse (All)
• Browse K
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.