Reference no: EM132500722
Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 97,000 and estimated factory overhead is $727,500. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished.
September 1, inventories
Materials inventory $ 8,800
Work-in-process inventory (All Job A) 33,800
Finished goods inventory 73,500
Material purchases 123,500
Direct materials requisitioned
Job A 78,000
Job B 40,000
Direct labor hours
Job A 5,500
Job B 2,000
Labor costs incurred
Direct labor ($9.50/hour) 71,250
Indirect labor 14,800
Supervisory salaries 7,300
Rental costs
Factory 8,300
Administrative offices 3,100
Total equipment depreciation costs
Factory 9,450
Administrative offices 3,550
Indirect materials used 13,300
Question 1. What is the total cost of Job A?
Question 2. What is the total factory overhead applied during September?
Question 3. What is the overapplied or underapplied overhead for September?
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