Alberta Corporation uses a job-order costing system.The following data relate to the just completed month's operations.
(1)Direct materials requisitioned for use in production, $170,000
(2)Indirect materials requisitioned for use in production, $11,000
(3)Direct labor wages incurred, $105,000
(4)Indirect labor wages incurred, $103,000
(5)Depreciation recorded on factory equipment, $38,000
(6)Additional manufacturing overhead costs incurred, $63,000
(7)Manufacturing overhead costs applied to jobs, $200,000
(8)Cost of jobs completed and transferred from Work in Process to Finished Goods, $450,000
Required:
a.Where appropriate, post the above transactions to the Work in Process and Manufacturing Overhead T-accounts below. b.Determine the underapplied or overapplied overhead for the month.

Question

Alberta Corporation uses a job-order costing system.The following data relate to the just completed month's operations.
(1)Direct materials requisitioned for use in production, $170,000
(2)Indirect materials requisitioned for use in production, $11,000
(3)Direct labor wages incurred, $105,000
(4)Indirect labor wages incurred, $103,000
(5)Depreciation recorded on factory equipment, $38,000
(6)Additional manufacturing overhead costs incurred, $63,000
(7)Manufacturing overhead costs applied to jobs, $200,000
(8)Cost of jobs completed and transferred from Work in Process to Finished Goods, $450,000
Required:
a.Where appropriate, post the above transactions to the Work in Process and Manufacturing Overhead T-accounts below.   b.Determine the underapplied or overapplied overhead for the month.

Quizplus · Accepted Answer

The Answer of Alberta Corporation uses a job-order costing system.The following data relate to the just completed month's operations.
(1)Direct materials requisitioned for use in production, $170,000
(2)Indirect materials requisitioned for use in production, $11,000
(3)Direct labor wages incurred, $105,000
(4)Indirect labor wages incurred, $103,000
(5)Depreciation recorded on factory equipment, $38,000
(6)Additional manufacturing overhead costs incurred, $63,000
(7)Manufacturing overhead costs applied to jobs, $200,000
(8)Cost of jobs completed and transferred from Work in Process to Finished Goods, $450,000
Required:
a.Where appropriate, post the above transactions to the Work in Process and Manufacturing Overhead T-accounts below.   b.Determine the underapplied or overapplied overhead for the month.

Alberta Corporation Uses a Job-Order Costing System