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 Rav materials, ending Work in process, beginning Work in process, ending Required: 1. Compute the underapplied or overapplied overhead cost. 2. Prepare a schedule of cost of goods manufactured. $ 15,400 134,000 8,400 74,000 191,200 10,400 $ 433,400 Answer is not complete. Complete this question by entering your answers in the tabs below. $ 404,000 $ 64,000 The company uses a predetermined overhead rate of $22 per machine-hour to apply overhead cost to jobs. A total of 20,100 machine- hours were used during the year. $ 20,400 $ 30,400 $ 40,400 $ 70,400

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
Required:
1. Compute the underapplied or overapplied overhead cost.
2. Prepare a schedule of cost of goods manufactured.
$ 15,400
134,000
8,400
74,000
191,200
10,400
$ 433,400
Answer is not complete.
Complete this question by entering your answers in the tabs below.
$ 404,000
$ 64,000
The company uses a predetermined overhead rate of $22 per machine-hour to apply overhead cost to jobs. A total of 20,100 machine-
hours were used during the year.
$ 20,400
$ 30,400
$ 40,400
$ 70,400
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 Required: 1. Compute the underapplied or overapplied overhead cost. 2. Prepare a schedule of cost of goods manufactured. $ 15,400 134,000 8,400 74,000 191,200 10,400 $ 433,400 Answer is not complete. Complete this question by entering your answers in the tabs below. $ 404,000 $ 64,000 The company uses a predetermined overhead rate of $22 per machine-hour to apply overhead cost to jobs. A total of 20,100 machine- hours were used during the year. $ 20,400 $ 30,400 $ 40,400 $ 70,400
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