kelly company applies manufacturing overhead to products at a 382115
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 | |||
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| 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 | ||||
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| Requirement 1: |
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Post the preceding information to Kelly Companys Manufacturing Overhead T account. (Record the transactions in the given order. Omit the “$” sign in your response.) Don't use plagiarized sources. Get Your Custom Essay on
kelly company applies manufacturing overhead to products at a 382115
For $10/Page 0nly
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| Manufacturing Overhead |
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| Requirement 2: |
| Compute over or underapplied manufacturing overhead. (Input the amount as positive value. Omit the “$” sign in your response.) |
| $ |
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