Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. 21,00 EXERCISE 3-3 Computing Job Costs 03-3) Mickley Company s predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materiels $230 $108 Direct labor Required: What is the total manufacturing cost assigned to Job A-500? If Job A-500 consists of 40 units, what is the average cost assigned to each unit included in the job? 1. 2. EXERCISE 3-4 Prepare Journal Entries [LO3-4] Larned Corporation recorded the following transactions for the just completed month. $80,000 in raw materials were purchased on account. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials. a. b.
Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. 21,00 EXERCISE 3-3 Computing Job Costs 03-3) Mickley Company s predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materiels $230 $108 Direct labor Required: What is the total manufacturing cost assigned to Job A-500? If Job A-500 consists of 40 units, what is the average cost assigned to each unit included in the job? 1. 2. EXERCISE 3-4 Prepare Journal Entries [LO3-4] Larned Corporation recorded the following transactions for the just completed month. $80,000 in raw materials were purchased on account. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials. a. b.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Exercise 3-3
![Required:
Determine the amount of manufacturing overhead that would have been applied to all jobs during
the period.
21,00
EXERCISE 3-3 Computing Job Costs 03-3)
Mickley Company s predetermined overhead rate is $14.00 per direct labor-hour and its direct
labor wage rate is $12.00 per hour. The following information pertains to Job A-500:
Direct materiels
$230
$108
Direct labor
Required:
What is the total manufacturing cost assigned to Job A-500?
If Job A-500 consists of 40 units, what is the average cost assigned to each unit included in
the job?
1.
2.
EXERCISE 3-4 Prepare Journal Entries [LO3-4]
Larned Corporation recorded the following transactions for the just completed month.
$80,000 in raw materials were purchased on account.
$71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000
was for direct materials and the remainder was for indirect materials.
a.
b.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85e39e9b-3b6a-4fb6-8406-b63a567ff03b%2F1e829a59-2c7d-4da8-98a0-e3991109cc77%2Fz12105.jpeg&w=3840&q=75)
Transcribed Image Text:Required:
Determine the amount of manufacturing overhead that would have been applied to all jobs during
the period.
21,00
EXERCISE 3-3 Computing Job Costs 03-3)
Mickley Company s predetermined overhead rate is $14.00 per direct labor-hour and its direct
labor wage rate is $12.00 per hour. The following information pertains to Job A-500:
Direct materiels
$230
$108
Direct labor
Required:
What is the total manufacturing cost assigned to Job A-500?
If Job A-500 consists of 40 units, what is the average cost assigned to each unit included in
the job?
1.
2.
EXERCISE 3-4 Prepare Journal Entries [LO3-4]
Larned Corporation recorded the following transactions for the just completed month.
$80,000 in raw materials were purchased on account.
$71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000
was for direct materials and the remainder was for indirect materials.
a.
b.
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