Business, 16.07.2019 01:20 shawnnoteman1234

Parker corporation uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. last year manufacturing overhead and direct labor-hours were estimated at $113,820 and 27,100 hours, respectively, for the year. in june, job #461 was completed. materials costs on the job totaled $5,700 and labor costs totaled $3,149 at $6.70 per hour. at the end of the year, it was determined that the company worked 31,600 direct labor-hours for the year and incurred $122,670 in actual manufacturing overhead costs. required: a. job #461 contained 100 units. determine the unit product cost that would appear on the job cost sheet. b. determine the underapplied or overapplied overhead for the year.

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Parker corporation uses a job-order costing system and applies manufacturing overhead to jobs using...