Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. johnson incorporated is a job-order manufacturing

Johnson Incorporated is a job-order manufacturing company that uses a predetermined overhead rate based on...

50.1K

Verified Solution

Question

Accounting

Johnson Incorporated is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 85,000 and estimated factory overhead is $595,000. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished.

September 1, inventoriesMaterials inventory$7,600Work-in-process inventory (All Job A)31,400Finished goods inventory67,500Material purchases105,500Direct materials requisitionedJob A66,000Job B34,000Direct labor hoursJob A4,300Job B3,600Labor costs incurredDirect labor ($9.00/hour)71,100Indirect labor13,600Supervisory salaries6,100Rental costsFactory7,100Administrative offices1,900Total equipment depreciation costsFactory7,650Administrative offices1,750Indirect materials used12,100

Required:

1. What is the total cost of Job A?

2. What is the total factory overhead applied during September?

3. What is the overapplied or underapplied overhead for September?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Role Play Question. Bob is a mechanical engineer and drafting supervisor for a company that designs and...

Operations Management
Q

A. The formation of organic compounds by the reaction (II) sulfide and carbonic acid is described...

Chemistry
Q

The grouping of gestures, facial expressions, and postures into nonverbal statementsis known as____.ClusteringKinesicsTelekinetic

Biology
Q

Figure shows a solid metal sphere of radius a surrounded by a concentric thin metal...

Physics
Q

In general if a single y value corresponds to multiple x values then the inverse...

Geometry
Q

Which one of the following describes the solution set of |x + 7| <3?The interval...

Basic Math
Q

Below is a sample quantitative data set 360 9 360 9 407 9 404 1...

Statistics
Q

My Peace House of Dcor ;...

Accounting
Q

The following are selected 2020 transactions of Cullumber Corporation. Sept. Purchased inventory from Encino Company...

Accounting
Q

prepare a cash budget for the month of march based on the following information: ...

Accounting
Q

Record the issuance of the note by Ontario Resources-11/01/24 Record the adjusting entry for the...

Accounting
Q

I. Mr Entrepreneur's entire wealth of 50m consists of shares in the company he founded....

Finance