Rainmaker Enterprises The Following Information For October Job Beginning Of Month Status Total Allocated Costs End Of 1 (46.78 KiB) Viewed 55 times
Rainmaker Enterprises The Following Information For October Job Beginning Of Month Status Total Allocated Costs End Of 2 (52.69 KiB) Viewed 55 times
Rainmaker Enterprises the following information for October: Job Beginning of Month Status Total Allocated Costs End of Month Status Job A In Process $153,000 Completed and Sold Completed and Not Sold Job B In Process $241.000 Job C Not Started $190,000 Completed and Sold Job D In Process In Process $78,000 Overhead is applied at a rate of 125% of direct labor costs. Actual Manufacturing Overhead was $120,000 for the month of October: $145,000 of overhead was applied to the four jobs (the total allocated costs above include the applied overhead). Any under or overapplied overhead is adjusted directly to Cost of Goods Sold. Using the above information, answer the following questions: A) Direct labor costs assigned to Job C were $60,000. What were direct materials costs for Job C? [ Select)
Job D In Process In Process $78,000 Overhead is applied at a rate of 125% of direct labor costs. Actual Manufacturing Overhead was $120,000 for the month of October: $145,000 of overhead was applied to the four jobs (the total allocated costs above include the applied overhead). Any under or overapplied overhead is adjusted directly to Cost of Goods Sold. Using the above information, answer the following questions: A) Direct labor costs assigned to Job C were $60,000. What were direct materials costs for Job C? Select] B) Rainmaker Enterprises marks up product costs by 50% to determine sales prices of completed jobs. For the month of October, Rainmaker Enterprises reports Gross Profit of: [Select] C) If Rainmaker Corporation allocates over or underapplied overhead directly to Cost of Goods Sold, what is the total cost of Goods Manufactured for the period? (Select] D) The Work in Process account for Job D had a balance of $10,000 on October 1. Direct materials used for Job D in October were $23,000. What were direct labor costs assigned to Job Din October? [Select]
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