Garcia, Inc., uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: Budgeted manufacturing overhead Actual manufacturing overhead Budgeted direct-labor cost (based on practical capacity) Actual direct-labor cost Budgeted machine hours. (based on practical capacity) Actual machine hours Machining Assembly Department Department $4,000,000 $3,024,000 4,260,000 3,030,000 Direct material Direct labor Machine hours 1,500,000 1,450,000 400,000 425,000 5,600,000 5,780,000 100,000 110,000 The data that follow pertain to job no. 775, the only job in production at year-end. Machining Assembly Department $24,500 Department $ 6,700 $58,500 150 $27,900 350 Selling and administrative expense amounted to $2,500,000. 6. How much overhead would have been charged to the company's Work-in-Process account during the year? Overhead charged to Work-in-Process account
Garcia, Inc., uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: Budgeted manufacturing overhead Actual manufacturing overhead Budgeted direct-labor cost (based on practical capacity) Actual direct-labor cost Budgeted machine hours. (based on practical capacity) Actual machine hours Machining Assembly Department Department $4,000,000 $3,024,000 4,260,000 3,030,000 Direct material Direct labor Machine hours 1,500,000 1,450,000 400,000 425,000 5,600,000 5,780,000 100,000 110,000 The data that follow pertain to job no. 775, the only job in production at year-end. Machining Assembly Department $24,500 Department $ 6,700 $58,500 150 $27,900 350 Selling and administrative expense amounted to $2,500,000. 6. How much overhead would have been charged to the company's Work-in-Process account during the year? Overhead charged to Work-in-Process account
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Required information
[The following information applies to the questions displayed below.]
Garcia, Inc., uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly
Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly
Department performs a number of manual-assembly activities. The company applies manufacturing overhead using
machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information
relates to the year just ended:
Budgeted manufacturing overhead
Actual manufacturing overhead
Budgeted direct-labor cost
(based on practical capacity)
Actual direct-labor cost
Budgeted machine hours
(based on practical capacity)
Actual machine hours
Direct material
Direct labor
Machine hours
Machining Assembly
Department Department
$4,000,000 $3,024,000
4,260,000 3,030,000
1,500,000
1,450,000
400,000
425,000
Overhead charged to Work-in-Process account
5,600,000
5,780,000
The data that follow pertain to job no. 775, the only job in production at year-end.
Machining
Department
$24,500
Assembly
Department
$ 6,700
$58,500
150
$27,900
350
100,000
110,000
Selling and administrative expense amounted to $2,500,000.
6. How much overhead would have been charged to the company's Work-in-Process account during the year?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdead88a2-0ef7-48c9-8d78-426ba1780967%2F00c5d71d-dd23-45cc-b160-a2dcef61c386%2Fknimfw_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Garcia, Inc., uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly
Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly
Department performs a number of manual-assembly activities. The company applies manufacturing overhead using
machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information
relates to the year just ended:
Budgeted manufacturing overhead
Actual manufacturing overhead
Budgeted direct-labor cost
(based on practical capacity)
Actual direct-labor cost
Budgeted machine hours
(based on practical capacity)
Actual machine hours
Direct material
Direct labor
Machine hours
Machining Assembly
Department Department
$4,000,000 $3,024,000
4,260,000 3,030,000
1,500,000
1,450,000
400,000
425,000
Overhead charged to Work-in-Process account
5,600,000
5,780,000
The data that follow pertain to job no. 775, the only job in production at year-end.
Machining
Department
$24,500
Assembly
Department
$ 6,700
$58,500
150
$27,900
350
100,000
110,000
Selling and administrative expense amounted to $2,500,000.
6. How much overhead would have been charged to the company's Work-in-Process account during the year?
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