- The Following Cost Data Relate To The Manufacturing Activities Of Chang Company During The Just Completed Year Manufact 1 (43.51 KiB) Viewed 12 times
- The Following Cost Data Relate To The Manufacturing Activities Of Chang Company During The Just Completed Year Manufact 2 (46.06 KiB) Viewed 12 times
The following cost data relate to the manufacturing activities of Chang
Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials: Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory. Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost. Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 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 The
company uses a predetermined overhead rate. $25 per machine-hour to apply overhead cost to jobs. A total of 20,700 machine-hours were used during the year. Overapplied. Underapplied Required 1 $ 16,000 140,000 9,000 80,000 251,500 11,000. $ 507,500 Required 2 > $ 410,000 $ 70,000 $ 21,000 $ 31,000 $ 41,000 $ 71,000
Prepare a schedule of cost of goods manufactured for the year. Direct materials: Chang
Company Schedule of Cost of Goods Manufactured 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 Required 2 >