Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the year.
Complete the following:
Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the year.
(Note: Regardless of your answer to #1, assume that the predetermined overhead rate is $10 per direct labor-hour. Use this amount in answering items 2–6.)
Compute the total cost of Job 6023 when it is finished.
How much factory overhead cost was applied to Job 6025 during September?
What total amount of overhead was applied to jobs during September?
Compute actual factory overhead incurred during September.
At the end of the year, Atchison Company had the following account balances:
Atchison Company: Account Balances
Item
Value
Overapplied Overhead
$3,300
Cost of Goods Sold
$3,234,000
Work-in-Process Inventory
$125,400
Finished Goods Inventory
$270,600