Kirkaid Company recorded the following transactions for the just completed month

Question

Kirkaid Company recorded the following transactions for the just completed month: a. $124,000 in raw materials were requisitioned for use in production. Of this amount, $92,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $148,000 were incurred. Of this amount, $125,000 was for direct labor and the remainder was for indirect labor c. Additional actual manufacturing overhead costs of $217,000 were incurred d. A total of $277,000 in manufacturing overhead was applied to jobs Required Determine the underapplied or overapplied overhead for the month. ng

Explanation / Answer

Actual manufacturing overhead Indirect materials 32000 Indirect labor 23000 addittional actual MOH 217,000 total actual MOH 272000 applied overhead 277,000 over applied manufacturing overhead 5,000 over applied = 277,000-272,000 5,000

Related Questions

Navigate

• Browse (All)
• Browse K
• Subjects

---

---

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