80.2K

Verified Solution

Link Copied!

5 The following are account balances as of November 30, 2019 and job information for December 2019: 3 Jobs 3 Balance, Nov. 30 December Costs Added Direct Direct materials Overhead labour $700,000 $210,000 $62,000 ? $500,000 $6,000 $26,000 ? $181,000 $182,000 ? Direct labour hours used in December 6,000 2,500 18,000 1 1105 1106 1201 2 4 Actual manufacturing overhead costs incurred during December were: $161,000 5 These costs will be paid for in January, 2020. 6 Job 1105 was started in November then completed, billed and delivered to the customer in December. Job 1106 was 7 started in November and completed in December. Job 1201 was started in December but was still incomplete as of December 31, 2019 5 The following are account balances as of November 30, 2019 and job information for December 2019: 3 Jobs 3 Balance, Nov. 30 December Costs Added Direct Direct materials Overhead labour $700,000 $210,000 $62,000 ? $500,000 $6,000 $26,000 ? $181,000 $182,000 ? Direct labour hours used in December 6,000 2,500 18,000 1 1105 1106 1201 2 4 Actual manufacturing overhead costs incurred during December were: $161,000 5 These costs will be paid for in January, 2020. 6 Job 1105 was started in November then completed, billed and delivered to the customer in December. Job 1106 was 7 started in November and completed in December. Job 1201 was started in December but was still incomplete as of December 31, 2019

Answer & Explanation Solved by verified expert

See Answer