3. Sue Enterprises uses a normal job order costing system and a predetermined overhead rate based on machine hours. At t

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3 Sue Enterprises Uses A Normal Job Order Costing System And A Predetermined Overhead Rate Based On Machine Hours At T 1 (39.66 KiB) Viewed 47 times

3. Sue Enterprises uses a normal job order costing system and a predetermined overhead rate based on machine hours. At the beginning of 2022, Sue estimated the overhead for the year would be $720,000 and that production would use 90,000 machine hours. The following information relates to the month of August, when two jobs were worked on: Job 125 Job 126 Work in process, August 1 $10,000 $14,000 Direct materials cost $15,000 $20,000 Direct labor costs $24,000 $31,000 Direct labor hours 2,000 3,000 Machine hours 1,500 2,200 Sue Enterprises applied overhead based on a predetermined overhead rate. Job 125 and 126 were both completed, and Job 126 was sold at the end of the period. Record the information in the T-accounts.