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Category > Management Posted 21 Feb 2018 My Price 4.00

Mystic Inc.

21.     LO.4 (Cost accumulation; assigning costs to jobs) Mystic Inc. uses a job order cost- ing system and applies overhead to jobs at a predetermined rate of $4.25 per direct labor dollar. During April 2010, the company spent $29,600 on direct material and

$3,900 on direct labor for Job #344. Budgeted factory overhead for the company for the year was $1,275,000.

a.     How did Mystic Inc. compute the predetermined overhead rate for 2010?

b.    Journalize the application of overhead to all jobs, assuming that April’s total direct labor cost was $22,700.

c.     How much overhead was assigned to Job #344 during April?

d.    Job #344 had a balance of $18,350 on April 1. What was the April 30 balance?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Feb 2018 10:02 PM My Price 4.00

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