Hassenger has a job-order costing system.The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor cost.The information below has been taken from the cost records of the company for the past year: Required:
a.Compute the predetermined overhead rate that was used during the year.
b.Compute the Cost of Goods Manufactured for the year.
c.Compute the unadjusted Cost of Goods Sold for the year.(Do not close any underapplied or overapplied manufacturing overhead to Cost of Goods Sold. )

Question

Hassenger has a job-order costing system.The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor cost.The information below has been taken from the cost records of the company for the past year:  Required:
a.Compute the predetermined overhead rate that was used during the year.
b.Compute the Cost of Goods Manufactured for the year.
c.Compute the unadjusted Cost of Goods Sold for the year.(Do not close any underapplied or overapplied manufacturing overhead to Cost of Goods Sold. )

Quizplus · Accepted Answer

The Answer of Hassenger has a job-order costing system.The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor cost.The information below has been taken from the cost records of the company for the past year:  Required:
a.Compute the predetermined overhead rate that was used during the year.
b.Compute the Cost of Goods Manufactured for the year.
c.Compute the unadjusted Cost of Goods Sold for the year.(Do not close any underapplied or overapplied manufacturing overhead to Cost of Goods Sold. )

Hassenger Has a Job-Order Costing System