Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 09 Aug 2017 My Price 6.00

Fairfield company

Fairfield company applies manufacturing overhead to products at a predetermined rate of $50 per direct labor hour. Its manufacturing costs for the most recent period are summarized here:

 

 

 

Item Description     Total Cost
Direct materials Used on Jobs 101 and 102     $ 60,000
Indirect materials Used on multiple jobs       30,000
Hourly labor wages 750 hours @ $30 per hour        
  200 hours for Job 101 = $ 6,000    
  300 hours for Job 102 =   9,000    
  250 hours for Job 103 =   7,500   22,500
   
   
Factory supervision   4,000
Production engineer   8,000
Factory janitorial work   2,500
Selling, general, and administrative salaries   9,000
Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.)   7,500
Other selling, general, and administrative costs (office rent, insurance, depreciation, etc.)   6,000

 

 

 

1. Post the preceding information to Fairfield Company’s Manufacturing Overhead T-account.

 

 

 

 

 

 

2. Compute over- or underapplied manufacturing overhead.

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Aug 2017 04:08 PM My Price 6.00

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