Question company applies overhead costs to products at a

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Reference no: EM13350220

Question :

Company applies overhead costs to products at a rate of 50 % of direct labor costs. The subsequent data relate to the manufacturing activities of Jenkins Company during April:

April 1 April 30

Direct materials inventory 60,250 61,750

Work-in-process inventory 44,000 43,500

Finished goods inventory 24,150 23,000

Factory costs incurred through the month were:

Direct materials purchased $155,000

Direct labor costs incurred $270,000

Factory utilities $ 35,000

Factory rent $ 52,000

Factory supervisor $ 43,000

Depreciation on factory equipment $ 25,000

a. Refer to Jenkins Company. Determine the cost of direct materials used during April.

b. Refer to Jenkins Company. Using actual costing, evaluate the cost of the units completed during April and transferred to the finished goods storeroom.

c. Refer to Jenkins Company. Using normal costing, determine the cost of units completed during April and transferred to the finished goods storeroom.

Reference no: EM13350220

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