at the begining of the month kitcken craft corporation had two jobs in process t

Question

at the begining of the month kitcken craft corporation had two jobs in process that had the following costs assigned from prevouse months

Job No         Direct labor           applied overhead

X10                $ 1280                     ?

X12                840                           ?

during the month jobs X10 and X12 were completed but not billed to customers the completion cost for X10 required$ 1400 in direct labor and X12 $ 4000 in direct labor used

during the month a new job z 14 was started but not finished it was only new job total cost of work that is not dirictly traced to particular jobs including copying, printing and travel cost to meet with clients, overhead is applied at rate 50 percent of direct labor costs for this and prevouse periods actual overhead for the month was $ 3900

required

cost of job X10 and X12 at the begining of month and when completed

what is the cost of job Z at the end of the month and how much was the manufacturingoverhead variance for the month

Explanation / Answer

Hi,

Please find the answer as follows;

Part A:

Part B:

Z14 = 2840 (Direct Labor) + 1420 (Applied Overhead) = 4260

Variance = Overhead Applied - Actual Overhead = (700 + 2000 + 1420) - 3900 = 220 (Overapplied)

Thanks,

Beginning of the Month

Direct Labor Applied Overhead Total
X-10 1280 640 1920
Y-12 840 420 1260










When Completed

Beginning Total Additional Direct Labor Additional Applied Overhead Total X-10 1920 1400 700 4020 Y-12 1260 4000 2000 7260

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