Required information [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs Beginning of period Cost incurred for the period Required 1 3 4 and 5 Required 2 End of Period $ 35,000 $ 39,000 9,900 20,900 56,000 33,500 1. In the Raw Materials Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work In Process Inventory T-account, Insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, Insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead). 5. In the Factory Overhead T-account, Insert amounts for Indirect materials used, Indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Cost of direct labor used $ 183,000 200,000 Complete this question by entering your answers in the tabs below. 6,000 46,000 106,500 Compute the cost of direct labor used for the period. The cost of direct labor for the period
Required information [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs Beginning of period Cost incurred for the period Required 1 3 4 and 5 Required 2 End of Period $ 35,000 $ 39,000 9,900 20,900 56,000 33,500 1. In the Raw Materials Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work In Process Inventory T-account, Insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, Insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead). 5. In the Factory Overhead T-account, Insert amounts for Indirect materials used, Indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Cost of direct labor used $ 183,000 200,000 Complete this question by entering your answers in the tabs below. 6,000 46,000 106,500 Compute the cost of direct labor used for the period. The cost of direct labor for the period
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Required Information
[The following information applies to the questions displayed below.]
The following Information is available for ADT Company, which produces special-order security products and uses a job
order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost.
Inventories
Raw materials
Work in process
Finished goods
Beginning of
period
Cost incurred for the period
Raw materials purchases
Factory payroll
Factory overhead (actual)
Indirect materials used
Indirect labor used
Other overhead costs
End of Period
$ 35,000 $ 39,000
9,980
56,000
Required 134 Required 2
and 5
20,900
33,500
Cost of direct labor used
$ 183,000
200,000
1. In the Raw Materials Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect
materials used. Solve for direct materials used in the period.
2. Compute the cost of direct labor used for the period.
3. In the Work in Process Inventory T-account, Insert amounts for beginning and ending balances along with direct materials used
(from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period.
4. In the Finished Goods Inventory T-account, Insert amounts for beginning and ending balances along with cost of goods
manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead).
5. In the Factory Overhead T-account, Insert amounts for Indirect materials used, Indirect labor used, other overhead costs, and
applied overhead. Solve for underapplied or overapplied overhead.
6,000
46,000
186,500
Complete this question by entering your answers in the tabs below.
Compute the cost of direct labor used for the period.
The cost of direct labor for the period
< Required 13 4 and 5
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa2b1ea2-d3d7-4735-8e0c-4c5f690a8909%2Fa18e3305-af44-4326-90f9-a65726577798%2Fz22m3ru_processed.png&w=3840&q=75)
Transcribed Image Text:Required Information
[The following information applies to the questions displayed below.]
The following Information is available for ADT Company, which produces special-order security products and uses a job
order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost.
Inventories
Raw materials
Work in process
Finished goods
Beginning of
period
Cost incurred for the period
Raw materials purchases
Factory payroll
Factory overhead (actual)
Indirect materials used
Indirect labor used
Other overhead costs
End of Period
$ 35,000 $ 39,000
9,980
56,000
Required 134 Required 2
and 5
20,900
33,500
Cost of direct labor used
$ 183,000
200,000
1. In the Raw Materials Inventory T-account, Insert amounts for beginning and ending balances along with purchases and indirect
materials used. Solve for direct materials used in the period.
2. Compute the cost of direct labor used for the period.
3. In the Work in Process Inventory T-account, Insert amounts for beginning and ending balances along with direct materials used
(from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period.
4. In the Finished Goods Inventory T-account, Insert amounts for beginning and ending balances along with cost of goods
manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under-or overapplied overhead).
5. In the Factory Overhead T-account, Insert amounts for Indirect materials used, Indirect labor used, other overhead costs, and
applied overhead. Solve for underapplied or overapplied overhead.
6,000
46,000
186,500
Complete this question by entering your answers in the tabs below.
Compute the cost of direct labor used for the period.
The cost of direct labor for the period
< Required 13 4 and 5
Required 2 >
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