Chang Company provided the following data for this year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 16,200 142,000 9,200 82,000 169,900 11,200 $ 430,500 $ 412,000 $ 72,000 $ 21,200 $ 31,200 $ 41,200 $ 71,200 The company uses a predetermined overhead rate of $21 per machine-hour to apply overhead cost to jobs. A total of 20,9 machine-hours were used during the year. Required: 1. Compute the underapplied or overapplied overhead cost. 2. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the underapplied or overapplied overhead cost. overhead cost < Prev 3 of 4 Next >
Chang Company provided the following data for this year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 16,200 142,000 9,200 82,000 169,900 11,200 $ 430,500 $ 412,000 $ 72,000 $ 21,200 $ 31,200 $ 41,200 $ 71,200 The company uses a predetermined overhead rate of $21 per machine-hour to apply overhead cost to jobs. A total of 20,9 machine-hours were used during the year. Required: 1. Compute the underapplied or overapplied overhead cost. 2. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the underapplied or overapplied overhead cost. overhead cost < Prev 3 of 4 Next >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A7 please help.........
![Chang Company provided the following data for this year:
Manufacturing overhead costs incurred:
Indirect materials
Indirect labor
Property taxes, factory
Utilities, factory
Depreciation, factory
Insurance, factory
Total actual manufacturing overhead costs incurred
Other costs incurred:
Purchases of raw materials (both direct and indirect)
Direct labor cost
Inventories:
Raw materials, beginning
Raw materials, ending
Work in process, beginning
Work in process, ending
$ 16,200
142,000
9,200
82,000
169,900
11,200
$ 430,500
$ 412,000
$ 72,000
$ 21,200
$ 31,200
$ 41,200
$ 71,200
The company uses a predetermined overhead rate of $21 per machine-hour to apply overhead cost to jobs. A total of 20,9
machine-hours were used during the year.
Required:
1. Compute the underapplied or overapplied overhead cost.
2. Prepare a schedule of cost of goods manufactured.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Compute the underapplied or overapplied overhead cost.
overhead cost
< Prev
3 of 4
Next >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F79bb0b79-8334-4446-a8e9-aab7529d5c28%2Fd7007f8c-9118-4162-a1f1-0dbac9b10104%2Fqhxmz7g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Chang Company provided the following data for this year:
Manufacturing overhead costs incurred:
Indirect materials
Indirect labor
Property taxes, factory
Utilities, factory
Depreciation, factory
Insurance, factory
Total actual manufacturing overhead costs incurred
Other costs incurred:
Purchases of raw materials (both direct and indirect)
Direct labor cost
Inventories:
Raw materials, beginning
Raw materials, ending
Work in process, beginning
Work in process, ending
$ 16,200
142,000
9,200
82,000
169,900
11,200
$ 430,500
$ 412,000
$ 72,000
$ 21,200
$ 31,200
$ 41,200
$ 71,200
The company uses a predetermined overhead rate of $21 per machine-hour to apply overhead cost to jobs. A total of 20,9
machine-hours were used during the year.
Required:
1. Compute the underapplied or overapplied overhead cost.
2. Prepare a schedule of cost of goods manufactured.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Compute the underapplied or overapplied overhead cost.
overhead cost
< Prev
3 of 4
Next >
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