Reference no: EM133127719
Question - The following information is related to Job 200 that was in ending work in process at the end of last year, 2020
Direct labor $3,000
Predetermined overhead rate of 160% of direct labor cost.
Direct materials $4,000
Allocated manufacturing overhead $4,800
The following information is related to current costs, year 2021, incurred for Job 201
Direct materials used $26,000
Direct labor costs were $21,000.
Actual manufacturing overhead was $32,000.
The only job still in ending work in process was job 202
The following costs are related to job 2020
Direct Materials $3000
Direct labor $1500
Factory overhead?
Required -
a. Calculate the amount in beginning work in process?
b. Calculate the amount that should be in ending work in process?
c. Calculate the cost of goods manufactured?
d. Calculate factory overhead variance?
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