Business, 14.09.2021 21:00 fool2639

Curtis Inc. uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $67,995 for the year; direct labor was estimated to total $151,100. (1/1) (12/31)
Raw Materials Inventory $ 11,900 $ 13,500
Work in Process Inventory $ 22,200 $ 18,200
Finished Goods Inventory $ 35,300 $ 39,800
The following transactions have occurred during the year.
Raw materials purchases $ 118,000
Direct materials used $ 109,500
Direct labor $ 147,200
Indirect materials used $ 6,900
Indirect labor $ 15,100
Factory equipment
depreciation $ 24,200
Factory rent $ 19,200
Factory utilities $ 9,400
Other factory costs $ 8,100
(a) Calculate the predetermined overhead rate.(b) Calculate cost of goods manufactured.(c) Calculate the over- or underapplied overhead. (Input all amounts as positive values.)(d) Calculate adjusted cost of goods sold.

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Curtis Inc. uses a job order costing system. Manufacturing overhead is applied on the basis of direc...