Pigot corporation uses job costing and has two production departments, m and a. budgeted manufacturing costs for the year are as follows:
dept. m dept. a
direct materials$700,000 $100,000
direct labor 200,000 800,000
factory overhead 600,000 400,000
the actual material and labor costs charged to job were as follows:
total
direct materials: $25,000
direct labor:
department a $ 8,000
department b $12,000
$20,000
apple valley applies manufacturing overhead costs to jobs on the basis of direct manufacturing labor cost using departmental rates determined at the beginning of the year. for department a, the manufacturing overhead allocation rate is: department b, the manufacturing overhead allocation rate is: overhead costs allocated to total:
Answers: 2
Business, 21.06.2019 17:30, jessikamacadlo8948
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Business, 21.06.2019 21:00, yasmineeee96371
Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold. required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.
Answers: 1
Pigot corporation uses job costing and has two production departments, m and a. budgeted manufacturi...
Mathematics, 26.06.2020 21:01