PETERCompute the factory overhead rate using the cutting department during the year If JOB 101 contained 100 units what would be the unit cost What would be the under or over applied factory overhead in sewing department at the end of the year What would be the under or over applied factory overhead in cutting department at the end of the year 4 Peter co makes shirts that it sells to retailers. The company uses a job order costing systemin which predetermined overhead rates are used to apply factory overhead cost to jobsThe predetermined rate in the sewing department is based on machine hours and in cuttingdepartment is based on direct labor cost.The following estimates are made at the beginning of the year:CuttingDirect Labor HoursMachine HoursDirect Material CostDirect Labor CostFactory Overhead CostSewing24,000140,0001,020.000260,0001,204.000120,00010,0001,300,000840,0001.470,000Job 101 was startod on Feb I and completod on Feb 25. The company's cost rocords show the followinginformation conceming the job.Sewing60220Cutting170Direct Labor HoursMachine HoursMaterial UisedDirect Labor Cost409406645801,60At the end of the year, the recoerds of the company shơw the actual cost and data for all the jobs workedduring the yearSewing20,000130,000Cutting124,00018,0001.360,000872,0001500.000Direct Labor HoursMachine loursDirect Material CostDiroct Labor CostFactory Overheal CostS60.000216.000L140000

The standard amount of factory overhead cost assigned to each unit of production is referred to as a…

ETER Compute the factory overhead rate using the cutting department during the year If JOB 101 contained 100 units what would be the unit cost What would be the under or over applied factory overhead in sewing department at the end of the year What would be the under or over applied factory overhead in cutting department at the end of the year

ETER Compute the factory overhead rate using the cutting department during the year If JOB 101 contained 100 units what would be the unit cost What would be the under or over applied factory overhead in sewing department at the end of the year What would be the under or over applied factory overhead in cutting department at the end of the year

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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Subject:- Account
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