Solar World Incorporated is a job-order manufacturer. The company uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 133,000 and estimated factory overhead is $784,700. The following information is for September. Job X was completed during September, while Job Y was started but not finished. September 1, inventories: Materials $ 24,000 Work-in-process (All Job X) Finished goods Materials purchases Direct materials requisitioned: 53,400 105,600 $ 157,000 $ 74,000 Job X Job Y 68,000 Direct labor hours: Job X 7,000 Job Y 5,500 Labor costs incurred: Direct labor ($6.00 per hour) $ 75,000 Indirect labor 24,200 Factory supervisory salaries 11,100 Rental costs: Factory Administrative offices $ 9,300 3,200 Total equipment depreciation costs: Factory $ 10,400 Administrative offices 2,800 Indirect materials used $ 17,800 The total ending work-in-process for September is:

Solar World Incorporated is a job-order manufacturer. The company uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 133,000 and estimated factory overhead is $784,700. The following information is for September. Job X was completed during September, while Job Y was started but not finished. September 1, inventories: Materials $ 24,000 Work-in-process (All Job X) Finished goods Materials purchases Direct materials requisitioned: 53,400 105,600 $ 157,000 $ 74,000 Job X Job Y 68,000 Direct labor hours: Job X 7,000 Job Y 5,500 Labor costs incurred: Direct labor ($6.00 per hour) $ 75,000 Indirect labor 24,200 Factory supervisory salaries 11,100 Rental costs: Factory Administrative offices $ 9,300 3,200 Total equipment depreciation costs: Factory $ 10,400 Administrative offices 2,800 Indirect materials used $ 17,800 The total ending work-in-process for September is:

Name: The total ending work-in-process for September is:$157,300.$68,000.$1
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Description: The total ending work-in-process for September is:$157,300.$68,000.$101,000.$53,400.$133,450. Solar World Incorporated is a job-order manufacturer. The company uses a predeterminedoverhead rate based on direct labor hours to apply overhead to indivi

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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