End of preview
Upload your study docs or become a member.
Unformatted text preview:A new company started production. Job 10 was completed, and Job 20 remains in production. Here is the information from job cost sheets from their first and onlyjobs
so far: job 10 Hours Total Cost job 20 Hours Total Cost
Direct materials S 765 Direct materials 5 1:15
Direct labor 7'5 1.5?5 Direct labor 113 2.3?3
Manufacturing overhead 60 Manufacturing overhead 90
Total cost $2.400 Total cost $2,603 NOTE: Enter numbers rounded to two decimals (e.g., 107.88 or 80.00). What is the balance in work in process"? What is the balance in the finished goods $ 2400
inventory? lf manufacturing overhead is applied on 3
the basis of direct labor hours, what is the
predetermined overhead rate?