Reference no: EM132940490
Question - 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 85,000 and estimated factory overhead is $595,000. 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 $7,600
Work-in-process inventory (All Job A) 31,400
Finished goods inventory 67,500
Material purchases 105,500
Direct materials requisitioned Job A 66,000 Job B 34,000
Direct labor hours Job A 4,300 Job B 3,600
Labor costs incurred Direct labor ($9.00/hour) 71,100
Indirect labor 13,600
Supervisory salaries 6,100
Rental costs Factory 7,100
Administrative offices 1,900
Total equipment depreciation costs Factory 7,650
Administrative offices 1,750
Indirect materials used 12,100
Required -
1. What is the total cost of Job A?
2. What is the total factory overhead applied during September?
3. What is the overapplied or underapplied overhead for September?
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