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How much is the factory overhead cost for the year

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Reference no: EM132946158

Question - Garcia Co uses Job Order Costing. The following Cost Apply to the company operations.

Direct Materials - 250,000

Direct Labor - 300,000

Indirect Labor - 6,000

Rent Factory Building - 60,000

Indirect Materials Used - 8,000

Other Factory Overhead - 40,000

Direct Labor Hours Worked - 16,000

Assuming beginning and ending inventory of WIP and FG are 0.

Required - Answer the following questions:

1. How much is the Factory Overhead Cost for the year?

2. Overhead is applied at rate of $7 per Direct Labor Hours. How much is the applied factory overhead.

3. How much is the Cost of Good Sold adjusted by the Factory Overhead.

Reference no: EM132946158

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