PLEASE HELP ME WITH THERE 3 QUESTIONS. THANK YOU Question #3, #4 and #5...
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PLEASE HELP ME WITH THERE 3 QUESTIONS. THANK YOU
Question #3, #4 and #5
Jane's Machine Shop (JMS) uses a pre-determined overhead system applied on the basis of direct material costs. JMS estimated its manufacturing overhead for FY2023 to be $ A and its direct materials costs to be \$___ B . JMS worked on eight jobs in FY2023. Three of those jobs had actual direct materials costs of: $25,000Job2302;$50,000-Job2305;and$85,000-Job2308. Actual FY2023 manufacturing overhead totaled \$ C and total direct materials cost amounted to $ D. Questions 1 to 5. Answer these questions assuming no adjustments to the MOH account for over or under applied MOH have been made. Determine the amount of overhead assigned to Job 2302. Question 4 10 Job 2302 had an opening balance of $20,000 and direct labor costs of $18,000 added during FY2023. This job was sold for $105,000. What is the gross margin on the sale of this job? Question 5 10 What was the over or underapplied manufacturing overhead in FY2023? A positive number indicates a debit balance and a negative number indicates a credit balance
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