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What was the actual factory overhead for carston inc

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Reference no: EM131797055

Carston Inc.

Work in process inventory for Carston Inc. at the beginning of the year was a single Job

Job # Materials Labor Overhead Total
T114 31500 16250 28750 76500

The company's budgeted costs for the year are as follows:

Budgeted overhead  
Variable  
Indirect materials 68000
Indirect labor 56000
Employee benefits 28000
Fixed  
Supervision 13000
Depreciation 15000
Total 180000
Budgeted direct labor dollars 90000
Rate per direct labor dollar 200.00%

The company's actual costs incurred during the year are as follows:

Job # Materials Incurred by Jobs Total
    Labor Other  
T114 2000 10000 $ - 12000
T119 24000 18000 - 42000
T133 8000 34000 - 42000
T136 1000 16000 - 17000
  35000 78000   113000
Overhead        
Indirect materials 60000 - - 60000
and supplies        
Indirect labor - 50000 - 50000
Employee benefits - - 33000 33000
Depreciation - - 15000 15000
Supervision - 12000 - 12000
Total 60000 62000 48000 170000

What was the actual factory overhead for Carston Inc. for they year?

What was overapplied or underapplied overhead for the year? JobT114 was the only job completed and is the cost of goods sold for this job?

What was the amount of work-in-process

Reference no: EM131797055

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