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?

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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