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THIS QUESTION BOOKLET Samsonite Corp. uses a budueted following data is available for the year...

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THIS QUESTION BOOKLET Samsonite Corp. uses a budueted following data is available for the year ended December 31, 2017 Budgeted factory overhead Actual factory overhead Budgeted direct-labour hours $337,500 $358,000 25,000 26,650 Actual direct-labour hours Required: a. De b. termine the budgeted factory-overhead rate based on direct-labour hours What is the applied overhead based on direct-labour hours? BONUS: Assuming the variance is immaterial, give the journal entry to write off the variance QUESTION 2 (3 MARKS JOB STARTDATE FNSHED SOLD DATE TOTAL COST DATE AUG 1/18 SEPT 15/18 SEPT 28/18 JUL 17/18 09 0) 15/18 15/ 18 5.600 SEPT 15/18 |SEPT 28/18 Using the table above, compute the following amounts: a. Balance in Work in Process inventory at September 30, 2018 b. Balance in Finished Goods inventory at September 30, 2018 c. Cost of Goods Sold for the month of September 30, 2018

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