how that (a) the Assembly Department used $24,300 of direct raw materials and $45,300 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $111,680 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e 45 or parentheses e.g. (45).) Balance Assigning Overhead Raw Materials Inventory $ LA Manufacturing Costs Factory Labor +A Manufacturing Overhead $ $

how that (a) the Assembly Department used $24,300 of direct raw materials and $45,300 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $111,680 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e 45 or parentheses e.g. (45).) Balance Assigning Overhead Raw Materials Inventory $ LA Manufacturing Costs Factory Labor +A Manufacturing Overhead $ $

Name: Manufacturing CostsFactory LaborManufacturing Overhead$$AssemblyWork
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Description: Manufacturing CostsFactory LaborManufacturing Overhead$$AssemblyWork in ProcessFinishing Cullumber Company purchases $50,600 of direct raw materials and it incurs $64,800 of direct factory labor costs. Supporting recordsshow that (a) the Assembly De

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter5: Product And Service Costing: Job-order System

Section: Chapter Questions

Problem 12DQ: Why are the accounting requirements for job-order costing more demanding than those for process...

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