Omega Electronics' records for April contained the following information: Category Amount 10,000 hours Actual direct labor cost $50,000 Actual direct labor-hours Direct material purchased $20,000 Direct material used $17,000 Cost of goods sold $110,000 Under-applied overhead $5,000 Ending inventories: Raw materials $9,000 Work-in-process $12,000 $60,000 Finished goods The company uses a predetermined overhead rate of $7.00 per direct labor hour to apply manufacturing overhead to jobs. What is the actual overhead cost incurred during the month?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 1CMA: Baldwin Printing Company uses a job order cost system and applies overhead based on machine hours. A...
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Omega Electronics' records for April contained the following information:
Category
Amount
10,000 hours
Actual direct labor cost
$50,000
Actual direct labor-hours
Direct material purchased $20,000
Direct material used
$17,000
Cost of goods sold
$110,000
Under-applied overhead
$5,000
Ending inventories:
Raw materials
$9,000
Work-in-process
$12,000
$60,000
Finished goods
The company uses a predetermined overhead rate of $7.00 per direct labor hour to
apply manufacturing overhead to jobs. What is the actual overhead cost incurred
during the month?
Transcribed Image Text:Omega Electronics' records for April contained the following information: Category Amount 10,000 hours Actual direct labor cost $50,000 Actual direct labor-hours Direct material purchased $20,000 Direct material used $17,000 Cost of goods sold $110,000 Under-applied overhead $5,000 Ending inventories: Raw materials $9,000 Work-in-process $12,000 $60,000 Finished goods The company uses a predetermined overhead rate of $7.00 per direct labor hour to apply manufacturing overhead to jobs. What is the actual overhead cost incurred during the month?
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