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Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS
At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information:
|?||Job 44||Job 45|
|Balance, June 1||$6,580||?||$6,750|
During June, two more jobs (46 and 47) were started. The following direct materials and direct labor costs were added to the four jobs during the month of June:
At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. On June 1, the balance in Finished Goods was zero.
1. ?Calculate the overhead rate based on direct labor cost. Enter teh percentage answer as a whole number.
Since the predetermined overhead rate is not given, it must be calculated from
BWIP amounts using
either Job 44 or Job 45. Using
Predetermined overhead rate = 780 /
1200 X 100 =...
Paper#9209185 | Written in 27-Jul-2016Price : $22