Kelly Company applies manufacturing overhead to products at a predetermined rate of $50 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here:
| Item |
Description |
|
|
Total Cost |
| Direct materials |
Used on Jobs 101 and 102 |
|
|
$ |
83,000 |
| Indirect materials |
Used on multiple jobs |
|
|
|
14,500 |
| Hourly labor wages |
840 hours @ $25 per hour |
|
|
|
|
|
220 hours for Job 101 = |
$ |
5,500 |
|
|
|
320 hours for Job 102 = |
|
8,000 |
|
|
|
300 hours for Job 103 = |
|
7,500 |
|
21,000 |
|
|
|
|
|
|
| Factory supervision |
|
3,350 |
| Production engineer |
|
5,100 |
| Factory janitorial work |
|
1,900 |
| General and administrative salaries |
|
9,700 |
| Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) |
|
6,500 |
| Other general and administrative costs (office rent, insurance, depreciation, etc.) |
|
4,500 |
|
| Requirement 1: |
|
Post the preceding information to Kelly Companys Manufacturing Overhead T account. (Record the transactions in the given order. Omit the “$” sign in your response.)
|
| Requirement 2: |
| Compute over or underapplied manufacturing overhead. (Input the amount as positive value. Omit the “$” sign in your response.) |
check my workeBook Links (3)references
