4. Job order cost sheets show the following costs assigned to each job: Direct materials Direct labor Job 13 $7,560 3,760 Job 14 $1,525 3,824 Job 15 $3,290 3,796 The company assigns overhead at $1.25 for each direct labor dollar spent. What is the total cost for each of the jobs? Direct materials Direct labor Overhead Job 13 Job 14 Job 15 Total The actual overhead for a company is $74,539. Overhead was based on 6,000 direct labor hours and was $2,539 underapplied for the year. A. What is the overhead application rate per direct labor hour? Actual overhead Underapplied overhead Applied overhead Divided by direct labor hours Predetermined overhead rate per direct labor hour B. What is the journal entry to dispose of the underapplied overhead? Cost of Goods Sold Manufacturing Overhead
4. Job order cost sheets show the following costs assigned to each job: Direct materials Direct labor Job 13 $7,560 3,760 Job 14 $1,525 3,824 Job 15 $3,290 3,796 The company assigns overhead at $1.25 for each direct labor dollar spent. What is the total cost for each of the jobs? Direct materials Direct labor Overhead Job 13 Job 14 Job 15 Total The actual overhead for a company is $74,539. Overhead was based on 6,000 direct labor hours and was $2,539 underapplied for the year. A. What is the overhead application rate per direct labor hour? Actual overhead Underapplied overhead Applied overhead Divided by direct labor hours Predetermined overhead rate per direct labor hour B. What is the journal entry to dispose of the underapplied overhead? Cost of Goods Sold Manufacturing Overhead
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:4. Job order cost sheets show the following costs assigned to each job:
Direct materials
Direct labor
Job 13
$7,560
3,760
Job 14
$1,525
3,824
Job 15
$3,290
3,796
The company assigns overhead at $1.25 for each direct labor dollar spent. What is the total cost
for each of the jobs?
Direct materials
Direct labor
Overhead
Job 13
Job 14
Job 15
Total
The actual overhead for a company is $74,539. Overhead was based on 6,000 direct labor hours
and was $2,539 underapplied for the year.
A. What is the overhead application rate per direct labor hour?
Actual overhead
Underapplied overhead
Applied overhead
Divided by direct labor hours
Predetermined overhead rate per direct labor hour
B. What is the journal entry to dispose of the underapplied overhead?
Cost of Goods Sold
Manufacturing Overhead
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