- 7 Exercise 3 7 Algo Applying Overhead Cost Of Goods Manufactured Lo3 3 Lo3 4 The Following Cost Data Relate To The 1 (31.62 KiB) Viewed 45 times
- 7 Exercise 3 7 Algo Applying Overhead Cost Of Goods Manufactured Lo3 3 Lo3 4 The Following Cost Data Relate To The 2 (40.74 KiB) Viewed 45 times
- 7 Exercise 3 7 Algo Applying Overhead Cost Of Goods Manufactured Lo3 3 Lo3 4 The Following Cost Data Relate To The 3 (36.09 KiB) Viewed 45 times
- 7 Exercise 3 7 Algo Applying Overhead Cost Of Goods Manufactured Lo3 3 Lo3 4 The Following Cost Data Relate To The 4 (49.97 KiB) Viewed 45 times
- 7 Exercise 3 7 Algo Applying Overhead Cost Of Goods Manufactured Lo3 3 Lo3 4 The Following Cost Data Relate To The 5 (49.97 KiB) Viewed 45 times
- 7 Exercise 3 7 Algo Applying Overhead Cost Of Goods Manufactured Lo3 3 Lo3 4 The Following Cost Data Relate To The 6 (42.09 KiB) Viewed 45 times
- 7 Exercise 3 7 Algo Applying Overhead Cost Of Goods Manufactured Lo3 3 Lo3 4 The Following Cost Data Relate To The 7 (44.64 KiB) Viewed 45 times
Other costs incurreds Purchases of mas materials (both direct and indirect) 420,000 Direct labor cost $30,000 Inventories: Raw nuterials, beginning Raw materials, anding work in process, beginning $22,000 132,000 $ 42,000 $72.000 Priet Work in process, ending The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 21,700 machine hours were used during the year References Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year 2. Prepare a schedule of cost of goods manufactured for the year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. werhead cost (Magnet Required 2 > ** HM 4
Him aferen Required T Required 2 Propare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Direct materials Total sus materials avallatio Raw matelas used in production Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cast of goods manufactured Required 1 S ✪ D
Exercise 3-7 (Algo) Applying Overhead; Cost of Goods Manufactured [LO3-3, LO3-4] The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred: Indirect material Indirect labor Property factory sellinies, factory Depreciation factory Insurance, factory 147.000 35,000 Total actual manufacturing overhead costs incurred $426,000 other costs incurred Purchases of raw materials (both direct and indirect) Direct labor cust $420,000 130.000 Investordes: Raw materials, beginning Raw materials, ending $ 22,000 12,000 Pit work in process, beginning Work in process, ending $ 42,000 $72,000 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 21.700 machine hours were used during the year. Required: 1 Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year Complete this question by entering your answers in the tabs below. Brook Hint
Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Required Required 2 > J
Poet References Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Direct materials Total raw materials available Raw materials used in production Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured < Required 1 $