Question 10 of 12 < > View Policies - / 12.5 III ⠀ Current Attempt in Progress During 2025, Wildhorse Company incurred the following direct labor costs: January $26,000 and February $39,000. Wildhorse uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $25,350 and $46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550. Calculate overhead applied. January February $ Determine if overhead is over- or underapplied for each of the two months and the respective amounts. January $ February $ Save for Later <> <> Attempts: 0 of 1 used Submit Answer Current Attempt in Progress The manufacturing operations of Cullumber, Inc. had the following inventory balances for the month of January: January 1 January 31 Raw Materials $10,080 $10,920 Work in Process 17,640 19,320 Finished Goods 11,760 10,080 Cullumber transferred $226,800 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for January. Cost of goods sold $
Question 10 of 12 < > View Policies - / 12.5 III ⠀ Current Attempt in Progress During 2025, Wildhorse Company incurred the following direct labor costs: January $26,000 and February $39,000. Wildhorse uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $25,350 and $46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550. Calculate overhead applied. January February $ Determine if overhead is over- or underapplied for each of the two months and the respective amounts. January $ February $ Save for Later <> <> Attempts: 0 of 1 used Submit Answer Current Attempt in Progress The manufacturing operations of Cullumber, Inc. had the following inventory balances for the month of January: January 1 January 31 Raw Materials $10,080 $10,920 Work in Process 17,640 19,320 Finished Goods 11,760 10,080 Cullumber transferred $226,800 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for January. Cost of goods sold $
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 3PB: Event Forms expects $120,000 in overhead during the next year. It doesn't know whether it should...
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Transcribed Image Text:Question 10 of 12
< >
View Policies
- / 12.5
III
⠀
Current Attempt in Progress
During 2025, Wildhorse Company incurred the following direct labor costs: January $26,000 and February $39,000. Wildhorse uses a
predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $25,350 and
$46,410. Actual overhead for the 2 months, respectively, totaled $32,500 and $43,550.
Calculate overhead applied.
January
February
$
Determine if overhead is over- or underapplied for each of the two months and the respective amounts.
January $
February
$
Save for Later
<>
<>
Attempts: 0 of 1 used
Submit Answer
Transcribed Image Text:Current Attempt in Progress
The manufacturing operations of Cullumber, Inc. had the following inventory balances for the month of January:
January 1
January 31
Raw Materials
$10,080
$10,920
Work in Process
17,640
19,320
Finished Goods
11,760
10,080
Cullumber transferred $226,800 of completed goods out of Work in Process Inventory during January.
Compute the cost of goods sold for January.
Cost of goods sold
$
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