This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Student Name:
Class:
1,500,000 «- Correct!
2,500,000 «- Correct!
60% «- Correct!
b. Overhead costs charged to jobs:
Direct Applied
Labor Overhead
604,000$ 362,400$ «- Correct!
563,000 337,800 «- Correct!
298,000 178,800 «- Correct!
716,000 429,600 «- Correct!
314,000 188,400 «- Correct!
17,000 10,200 «- Correct!
2,512,000$ 1,507,200$ «- Correct!
1,520,000$ «- Correct!
1,507,200 «- Correct!
12,800$ «- Correct!
Account Debit Credit
12,800
12,800 «- Correct!
202
Problem 19-04A
McGraw-Hill/Irwin
Instructor
To assign underapplied overhead.
Overhead
YERBURY COMPANY
General Journal
YERBURY COMPANY
a. Predetermined overhead rate:
Estimated overhead costs
Estimated direct labor cost
Overhead application rate
Jobs
201
Factory Overhead
203
204
205
206
Total
c. Overapplied or underapplied overhead:
Actual overhead cost
Less applied overhead cost
Underapplied overhead
Dec. 31 Cost of Goods Sole
50
2,000
25$
319,200$
240,000
140,000
88,000
68,000
480,000
60,000
68,800
36,000
1,500,000$
1,520,000$
604,000$
563,000$
298,000$
716,000$
314,000$
17,000$
12,800$
12,800$
Factory utilities
YERBURY COMPANY
Given Data 19-04A:
Estimate of next year's direct labor:
Number of persons
Average number of hours each
Average wage rate
Estimate of next year's manufacturing overhead costs:
Indirect labor
Factory supervision
Rent on factory building
Job 202
Factory insurance expired
Depreciation - factory equipment
Repairs expense - factory equipment
Factory supplies used
Miscellaneous production costs
Total estimated overhead costs
Actual overhead costs incurred
Direct labor costs on jobs completed and sold:
Job 201
Check figure:
(1c) Underapplied
(2) Cr. Factory Overhead
Job 203
Job 204
Job 205
Job 206, in process, direct labor
Trusted by Thousands of
Students
Here are what students say about us.
Resources
Company
Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.