Omega Technology's Work in Process Inventory on June 1 Has

question 34

Essay

Omega Technology's work in process inventory on June 1 has a balance of $27,200 representing Job No. 36. During June, $68,900 of direct materials were requisitioned for Job No. 36 and $5,500 of direct labor cost was incurred on Job No. 36. Manufacturing overhead is allocated at a rate of $16.00 per direct labor hour. Actual manufacturing overhead costs incurred in June amounted to $15,000. There were 825 actual direct labor hours worked in June. No new jobs were started during June. Job No. 36 is completed on June 28.
a. Determine the total cost assigned to Job No. 36.
b. Is manufacturing overhead overallocated or underallocated for the month of June? By how much?

---

Definitions:

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, emphasizing the importance of the individual psyche and the personal quest for wholeness.

Alfred Adler

An Austrian medical doctor, psychotherapist, and founder of the school of individual psychology who introduced concepts such as the inferiority complex and stressed the importance of feelings of inferiority.

Collective Unconscious

A concept proposed by Carl Jung referring to the part of the unconscious mind which is derived from ancestral memory and experience and is common to all humankind.

Personal Unconscious

defined by Carl Jung, is a layer of the unconscious mind distinct from the collective unconscious, containing forgotten information and personal experiences.