Following is partial information for Delamunte Industries for the month of August:
Work In
Process
Balance, August 1
Direct materials used
Direct labor
Manufacturing overhead applied
(based on direct labor cost)
Job #
234
237
231
246
Jobs finished during August are summarized here:
Cost of Jobs
Completed
$65,950
23,800
$
63,000
28,000
139,000
119,800
158,000
149,000
Required:
At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was
$23,100.
1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August.
2. Determine the balance in Work in Process at the end of August.
3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31.
Complete this question by entering your answers in the tabs below.