Sound of Thunder Company Has a Job Costing System

question 30

Essay

Sound of Thunder Company has a job costing system. The following items appeared in the Work-in-Process account during April 2016:
Sound of Thunder applies overhead to production on the basis of direct labor hours. Job XX, the only job in process on April 30, has been charged $10,600 materials cost and has 100 labor hours of direct labor time assigned to it.
Required:
a. Determine the predetermined factory overhead rate for Sound of Thunder Company.
b. Determine the amounts of materials, direct labor, and factory overhead included in the April 30, 2016, work in process.
c. Determine the amount of materials placed into production during April 2016.

---

Definitions:

Specific Population

A distinct group of individuals, often identified by shared characteristics or conditions, used for the purpose of statistical analysis or research.

Canalized Characteristic

A trait that is genetically determined and less influenced by environmental factors, showing little variation among individuals.

Environmental Variations

Differences in environmental conditions that can affect organisms and lead to differing characteristics among them.

Family Study

A study that compares members of the same family to determine how similar they are on a given trait.