Business, 28.02.2021 16:40 kiaramccurty

Johnson Inc. is a job-order manufacturing company that 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 95,000 and estimated factory overhead is $617,500. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished. September 1 inventories

Material inventory $7500
Work in process inventory (All Job A) $31,200
Finished goods inventory $67,000
Material purchases $104,000
Direct materials requisitioned Job A $65000 Job B $33500
Direct labor hours Job A $4200 Job B $3500
Labor Costs incurred Direct labor($8.50/hour) $65450
Indirect labor $13500
Supervisory salaries $6000
Rental cost Factory $7000
Administrative offices $1800
Total equipment depreciation costs Factory 7500
Administrative office 1600
Indirect material uses 12000

Required:
a. What is the total cost of Job A
b. What is the total factory overhead applied during September?
c. What is the overapplied or underapplied for September?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:50, thanitoast84

Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses

Answers: 3

continue

Business, 22.06.2019 10:20, LadyHolmes67

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

Answers: 1

continue

Business, 22.06.2019 11:20, angeline2004

Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.

Answers: 3

continue

Business, 22.06.2019 11:30, Merida06

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill. student a incorrect which is correct answer?

Answers: 2

continue

You know the right answer?

Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on d...