Please show the work for both of the questions. I really need help. ...

70.2K

Verified Solution

Question

Accounting

Please show the work for both of the questions. I really need help.

image

1) During the month of May, direct labor cost totaled $10,000 and direct labor cost was 40% of prime cost. If total manufacturing costs during May were $86,000, the manufacturing overhead was A) $76,000 B) $25,000 C) $61,000 D) $15,000 To earn credit you must show your work below for the problem. 2) Leelanau Corporation uses a job-order costing system. The following data are for last year: Work in process beginning balance Work in process ending balance Cost of goods manufactured Direct materials Direct Labor S10,500 $19,000 $323,000 $115,000 $78,000 Leelanau applies overhead using a predetermined rate. What amount of overhead was applied to work in process last year? A) $138,500 B) 121,500 C) $130,000 D) $203,500 To earn credit you must show vour work below for the

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students