27-28 27. How much is over or under-applied factory overhead?28. How much is the ending work in process inventory? If 60,000 of this work in process is direct labor,how much is the cost of direct materials and factory overhead? PROBLEM 5: The selected ledger accounts of Luca Corp. for the year ended are as follows:Work in Process160,000 3,760,000720,0001,200,000FOH Applied1,920,000MaterialsBeg. 120,000960,000BegDMFinished GoodsBeg 320,000DL??End 200,000End??End 480,000Factory OverheadWages PayableCOGS72,0001,840,000?1,480,0001,440,000?32,000

27. Actual factory overhead= 18,40,000 factory overhead applied= 19,20,000 Factory overhead…

27. How much is over or under-applied factory overhead? 28. How much is the ending work in process inventory? If 60,000 of this work in process is direct labor, how much is the cost of direct materials and factory overhead?

27. How much is over or under-applied factory overhead? 28. How much is the ending work in process inventory? If 60,000 of this work in process is direct labor, how much is the cost of direct materials and factory overhead?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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