FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Kapoor Catering Co. uses a
| Information | State University | On-the-Go Home | Precious Pre-school |
|---|---|---|---|
| Direct Materials Cost (food) | $54,200 | $34,800 | $81,300 |
| Direct Labor Cost | $43,600 | $40,000 | $55,900 |
| Labor Hours | 3,050 | 3,630 | 4,000 |
The company applies
Transcribed Image Text:1. Determine the costs that should be assigned to each of the jobs.
Direct
Materials
Direct Labor
Actual
Overhead
Total Job
Cost
X
Date
X
State
University
X
Manufacturing Overhead
54,200✔
43,600✓✔
41,923 X
139,723 X
Submit All Parts
X
Description
Cost of Goods Sold
Manufacturing Overhead
On-the-Go
Home
34,800✔
40,000✔
49,896 X
124,696 X
Precious Pre-
school
Debit
81,300✓✔
40,100✔
55,900✔
54,981 X
2. Do the adjustment for overallocated or underallocated manufacturing overhead.
192,181 X
TOTAL
Credit
170,300 ✓
139,500✔
146,800 X
456,600 X
40,100✔
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