pulliav
Oct 22, 2011, 08:09 AM
A job order cost sheet for Aikman Company is shown below.
Job No. 92 For 2,000 units
Date Direct materials Direct labor Manufacturing Overhead
Beg. Bal. Jan. 1 5,000 6,000 4,500
8 6,000
12 8,000 6,400
25 2,000
27
4,000 3,200
13,000 18,000 14,100
Cost of completed job
Direct materials $13,000
Direct labor 18,000
Manufacturing overhead 14,100
Total cost $45,100
Unit cost ($45,100 รท 2,000) $22.55
On the basis of the foregoing data answer the following questions.
What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job?
$
If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year?
Last Year %
This Year %
Job No. 92 For 2,000 units
Date Direct materials Direct labor Manufacturing Overhead
Beg. Bal. Jan. 1 5,000 6,000 4,500
8 6,000
12 8,000 6,400
25 2,000
27
4,000 3,200
13,000 18,000 14,100
Cost of completed job
Direct materials $13,000
Direct labor 18,000
Manufacturing overhead 14,100
Total cost $45,100
Unit cost ($45,100 รท 2,000) $22.55
On the basis of the foregoing data answer the following questions.
What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job?
$
If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year?
Last Year %
This Year %