8. Washtenaw Corporation uses a job-order costing system. The following data are for last year:Estimated direct labor-hours..Estimated manufacturing overhead costs.12,000$39,000Actual direct labor-hours11,000$37,000Actual manufacturing overhead costsWashtenaw applies overhead using a predetermined rate based on direct labor-hours. What amount ofoverhead was applied to jobs last year?$39,050$42,600$35,750$36,960

Name: 8. Washtenaw Corporation uses a job-order costing system. The followi
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Description: 8. Washtenaw Corporation uses a job-order costing system. The following data are for last year:Estimated direct labor-hours..Estimated manufacturing overhead costs.12,000$39,000Actual direct labor-hours11,000$37,000Actual manufacturing overhead cost

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8. Washtenaw Corporation uses a job-order costing system. The following data are for last year: Estimated direct labor-hours.. Estimated manufacturing overhead costs. Actual direct labor-hours. Actual manufacturing overhead costs. 12,000 $39,000 11,000 $37,000 Washtenaw applies overhead using a predetermined rate based on direct labor-hours. What amount of overhead was applied to jobs last year? $39,050 $42,600 $35,750 $36,960

8. Washtenaw Corporation uses a job-order costing system. The following data are for last year: Estimated direct labor-hours.. Estimated manufacturing overhead costs. Actual direct labor-hours. Actual manufacturing overhead costs. 12,000 $39,000 11,000 $37,000 Washtenaw applies overhead using a predetermined rate based on direct labor-hours. What amount of overhead was applied to jobs last year? $39,050 $42,600 $35,750 $36,960

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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Reynolds Manufacturers Inc. has estimated total factory overhead costs of $105,300 and expected direct labor hours of 11,700 for the current fiscal year. If job number 117 incurs 1,410 direct labor hours, Work in Process will be debited and Factory Overhead will be credit for Oa. $52,650 Ob. $1,410 Oc. $105,300 Od. $12,690
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Practice Example 1: White Company has two departments, Cutting and Finishing. The company uses a job-order cost system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor cost. At the beginning of the year, the company made the following estimates: Department Direct labor-hours Machine-hours Manufacturing overhead cost Direct labour cost Cutting 6,000 48,000 Rs360,000 Rs50,000 Finishing 30,000 5,000 Rs486,000 Rs270,000 Required: 1. Compute the predetermined overhead rate to be used in each department. 2. Assume that the overhead rates that you computed in (1) above are in effect. The job cost sheet for job 203, which was started and completed during the year, showed the following: Cutting 6 80 Rs500 Rs70 Department Finishing 20 4 Rs310 Rs150 Direct labor-hours Machine-hours Materials requisitioned Direct labor cost Compute the total overhead cost applied to Job…
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Using the attached, Was the overhead underallocated or overallocated? By how much?