Alberta Corporation Uses a Job-Order Costing System

question 252

Essay

Alberta Corporation uses a job-order costing system.The following data relate to the just completed month's operations.
(1)Direct materials requisitioned for use in production,$170,000
(2)Indirect materials requisitioned for use in production,$11,000
(3)Direct labor wages incurred,$105,000
(4)Indirect labor wages incurred,$103,000
(5)Depreciation recorded on factory equipment,$38,000
(6)Additional manufacturing overhead costs incurred,$63,000
(7)Manufacturing overhead costs applied to jobs,$200,000
(8)Cost of jobs completed and transferred from Work in Process to Finished Goods,$450,000
Required:
a.Where appropriate,post the above transactions to the Work in Process and Manufacturing Overhead T-accounts below.
b.Determine the underapplied or overapplied overhead for the month.

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Definitions:

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False Information

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Restraint of Trade

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