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Barbara's Holiday Styles has been busy in the month of November! It seems Barbara's marketing...

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Accounting

Barbara's Holiday Styles has been busy in the month of November! It seems Barbara's marketing efforts have paid off, as she has answered many calls to help decorate homes for the upcoming holidays. The company carries an inventory of decorative items in its store and then installs them in creative and fun ways. The MOH costs are fairly low, since the company has just a small space to hold the inventory. The applied MOH rate is $10 per direct labor hour.
As of November 30, the company carries the following balances in its inventory accounts.
During December the following events occurred:
1. Purchased direct materials costing $14,400 on account.
2. Used $19,000 of direct materials for jobs
3. Paid direct labor wages for 124 hours of labor ($25/hr)
4. Applied MOH cost to jobs.
5. Actually incurred $1,800 in MOH costs.
6. Completed all jobs by the end of the month.
7. Billed clients $41,600 for jobs completed.
8. Closed under- or overapplied MOH using the direct write-off method.
.

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