Following is partial information for Delamunte Industries for the month of Augus
ID: 2423041 • Letter: F
Question
Following is partial information for Delamunte Industries for the month of August:
At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $24,000.
Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August.
Determine the balance in Work in Process at the end of August.
Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31.
Work In Process Balance, August 1 $ 41,000 Direct materials used 75,000 Direct labor 120,000 Manufacturing overhead applied 90,000Explanation / Answer
1) 75% of direct labor cost
2)Direct Material$19,000
Direct Labor24,000
Applied MOH18,000
Total manufacturing cost$61,000