Examlex

Solved

Use the Following Information for the Questions

question 19

Essay

Use the following information for the questions.
Adams Manufacturing has three jobs in process in October of the current year, B2-19, C3-19, and D4-4. All thr were begun during the first week of October. Job C3-19 was completed on October 10 with total labor costs of
$14,750 and total material costs of $8,855 (details of the individual direct material and direct labor costs charged to job C3-19 are given on the Job Order Cost Sheet provided). No other jobs were completed in October. The total balance in Job D4-4 is $8,250 ($4,275 in materials and $3,975 in labor) and in Job B2-19 is
$17,850 ($10,425 in materials and $7,425 in labor) before overhead is applied. Overhead is applied based on total direct labor dollars. Estimated total direct labor dollars for the year is $440,000 and total estimated manufacturing overhead is $352,000.
-Based on the information given:
1. Determine the overhead rate for Adams Manufacturing;
2. Prepare the journal entry to apply manufacturing overhead to manufacturing process for the month of October;
3. Determine the balance in the Work in Process account at the end of October.


Definitions:

Armed Black Men

Refers to African American males who have taken up arms, historically for various causes including self-defense or military service.

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives through devices, systems, and methods.

American Soldiers

Members of the U.S. Armed Forces who serve and protect the country through military service.

Nations

Political and social entities consisting of a population of people, often sharing a common language, culture, or history, recognized as residents of a specific territory governed by a singular government.

Related Questions