16-10 - 1610 1626 (1) (2) (a) $50,500 (amount transferred...

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Unformatted text preview: 1610 1626 (1) (2) (a) $50,500 (amount transferred from GoodsinProcess) (b) $750 (balance in Factory Overhead) Factory Overhead Bal 11/1 $ 0 + 7 ,000 (actual factory overhead costs from November) -- 7 ,500 (applied factory overhead costs from November) + 500 (indirect materials) + 1 ,250 (indirect labor) + 1,000 (other) 7 -- 1,500 (applied factory overhead costs from December) 7 Bal 12/31 $ 750 (3) The factory overhead is underapplied by $750 (because the applied is less than the actual). At the end of the year , this amount will be subtracted from the Factory Overhead account and added to the Cost of Goods Sold Account. Job Order Cost Sheet Beginning December Costs Costs Added During December Total Costs Direct Materials $ 5,000 $10,500 $15,500 Direct Labor 3,000 7 ,000a 20,000 Factory Overhead 7 ,500 1,500b 25,000 7 Total Job Cost $15,500 $35,000 $50,500 Units 5,000 Cost Per Unit $ 10. 10 a700 DLH x $10 per hour b700 DLH x $25 per hour ...
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This homework help was uploaded on 04/08/2008 for the course ACC 102 taught by Professor Drucker during the Fall '07 term at Coastal Carolina University.

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