Please Help Fast. [The following information applies to the questions displayed

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Please Help Fast.

[The following information applies to the questions displayed below. Mfg. established its pr In December 2014, Custom Mfg. established its predetermined overhead rate for jobs produced during year 2015 by using the following cost predictions: overhead costs, $230,000, and direct labor costs, $100,000. At year-end 2015, the company's records show that actual overhead costs for the year are $1,242,400. Actual direct labor cost had been assigned to jobs as follows osts, $230,000, and diecs roduced during year Jobs completed and sold Jobs in finished goods inventory obs in work in process inventory $400,000 82,000 54,000 Total actual direct labor cost $536,000

Explanation / Answer

Ans 1 Choose Numerator Choose deno Overhead Rate $230,000 100000 $2.30 Ans 2 Factory Overhead Actual 1242400 Applied 1232800 (536000*2.3) under applied 9600 Ans 3 Dr Cr Cost of good Sold 7164 Finished Goods 1469 Work in process 967 Manufacturing Overhead 9600 (overhead divided on the basis of 400000:82000:54000)

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