Brendal Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year Results of operations: Raw materials (all direct) requisitioned for use in production Direct labor cost Actual direct labor-hours Manufacturing Overhead Indirect labor cost OOOO $693,0 00 $1,803,000 $1,498,500 $1,215,000 $2,023,500 42,000 $525,00 0 $690,00 0 49,000 $138,00 0 direct labor- hours $506,00 Other manufacturing overhead costs incurred 0 How much is the total manufacturing cost added to Work in Process during the year? direct labor- hours
Brendal Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year Results of operations: Raw materials (all direct) requisitioned for use in production Direct labor cost Actual direct labor-hours Manufacturing Overhead Indirect labor cost OOOO $693,0 00 $1,803,000 $1,498,500 $1,215,000 $2,023,500 42,000 $525,00 0 $690,00 0 49,000 $138,00 0 direct labor- hours $506,00 Other manufacturing overhead costs incurred 0 How much is the total manufacturing cost added to Work in Process during the year? direct labor- hours
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 3SEB: JOURNAL ENTRIES FOR MATERIAL, LABOR, AND OVERHEAD Rich Manufacturing Corporation had the following...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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