Overhead is applied based on $27 per direct Labor hour On June 15, 2022, Dom Manufacturing had anemployee, Daniel, who worked 5 hours on Job B-3 and3.5 hours on general overhead activities. Daniel is paid$18 per hour. Overhead is applied based on $28 perdirect labor hour. Additionally, on June 15, Job B-3requisitioned and entered into production $275 of directmaterial. Daniel, while working on Job B-3, used $35 ofan indirect material. Indirect material is included in theoverhead application rate.Use this information to determine the total cost thatshould have been recorded in Work in Process for Job B-3 on June 15.

Explanation of Direct Labor Cost:Direct labor cost refers to the wages paid to employees directly…

Answered: On June 15, 2022, Dom Manufacturing had…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 3P

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On June 15, 2022, Dom Manufacturing had an employee, Daniel, who worked 5 hours on Job B-3 and 3.5 hours on general overhead activities. Daniel is paid $18 per hour. Overhead is applied based on $28 per direct labor hour. Additionally, on June 15, Job B-3 requisitioned and entered into production $275 of direct material. Daniel, while working on Job B-3, used $35 of an indirect material. Indirect material is included in the overhead application rate. Use this information to determine the total cost that should have been recorded in Work in Process for Job B-3 on June 15.
Use this information to determine the total cost that should
On May 21, 2019, Christine worked 6.5 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $13 per hour. Overhead is applied based on $23 per direct labor hour. Additionally, on May 21, Job A-1 requisitioned and entered into production $240 of direct material. On May 21, Christine, while working on Job A-1 used $27 of indirect material. Indirect material is included in the overhead application rate. Use this information to determine the total cost that should have been recorded in the Work in Process for Job A-1 on May 21. Round the answer to the closest whole dollar.
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At the beginning of the year, a company estimates total overhead costs of $750,000. The company applies overhead using machine hours and estimates it will use 1,500 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 23 machine hours that year?
Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $421,200 and its direct labor costs to be $810,000. 2M worked on three jobs for the year. Job 2M-1, which was sold during Year 2, had actual direct labor costs of $420,750. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $283,050. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $61,200. Actual manufacturing overhead for Year 2 was $430,000. Required: Prepare an entry to allocate over- or underapplied overhead to Work in Process, Finished Goods and Cost of Goods Sold. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Answer is not complete. No Transaction General Journal A 1 Cost of Goods Sold Finished Goods Inventory Work-in-Process Inventory Manufacturing Overhead Applied…
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At the beginning of the year, a company estimates total overhead costs of $750,000. The company applies overhead using machine hours and estimates it will use 1,500 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 23 machine hours that year? Overhead applied to Job 65A
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Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $425,620 and its direct labor costs to be $818,500. 2M worked on three jobs for the year. Job 2M-1, which was sold during Year 2, had actual direct labor costs of $748,000. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $503,200. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $108,800. Actual manufacturing overhead for Year 2 was $742,800. Required: Prepare an entry to allocate over- or underapplied overhead to Work in Process, Finished Goods and Cost of Goods Sold. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < A Record the allocation of over- or underapplied overhead. Note: Enter debits before credits. Transaction General…
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Our company began operations on August 1, 2023. During August, we only worked on three jobs: Job 100, Job 200, and Job 300. The costs charged to these jobs during August and other relevant information are given below. You will need this to answer the next five questions. a) Job 100 and Job 200 were finished in December, but Job 300 was not finished b) Job 100 consisted of 7,000 units and Job 200 consisted of 7,500 units. c) During August, the company sold 5,600 units of Job 100 at a selling price of $20 each. Also, during August, the company sold 6,500 units from Job 200 at a selling price of $13 each. d) During the month of August, the company purchased $15,000 worth of Direct Material. Description Job 100 Job 200 Job 300 Direct Material Direct Labor $5,000 $7,500 $12,000 $15,500 Overhead $18,000 $7,750 Do NOT put "$" signs or Commas in your answer. Question: Compute the Ending Work in Process Inventory for August 31, 2023. $1,600 $6,400 $9,600

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