Voltorb Electrical & Lighting Corporation's cost of goods manufactured last month was $735,000. The beginningfinished goods inventory was $55,550 and the ending finished goods inventory was $44,400. Overhead wasoverapplied by $6,000. Any underapplied or overapplied manufacturing overhead is closed out to Cost of GoodsSold.The Adjusted Cost of Goods Sold amount to The Work in Process inventory account of Ninetales Publishing Inc shows a total manufacturing cost of $20,000 atthe end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $6,000 and$5,000 for materials, and charges of $2,000 and $4,000 for direct labor. From this information, it appears that thecompany is using a predetermined overhead rate, as a percentage of direct labor costs, of%.

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Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 9P: Channel Products Inc. uses the job order cost system of accounting. The following is a list of the...

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Voltorb Electrical & Lighting Corporation's cost of goods manufactured last month was $735,000. The beginning
finished goods inventory was $55,550 and the ending finished goods inventory was $44,400. Overhead was
overapplied by $6,000. Any underapplied or overapplied manufacturing overhead is closed out to Cost of Goods
Sold.
The Adjusted Cost of Goods Sold amount to

The Work in Process inventory account of Ninetales Publishing Inc shows a total manufacturing cost of $20,000 at
the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $6,000 and
$5,000 for materials, and charges of $2,000 and $4,000 for direct labor. From this information, it appears that the
company is using a predetermined overhead rate, as a percentage of direct labor costs, of
%.

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The Work in Process inventory account of Ninetales Publishing Inc shows a total manufacturing cost of ₱20,000 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of ₱6,000 and ₱5,000 for materials, and charges of ₱2,000 and ₱4,000 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of _______%.

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