osting Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor ours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 95,000 and estimated factory overhead s $617,500. The following information is for September of the current year. Job A was completed during September, and Job B was tarted but not finished. September 1, Inventories Materials Inventory $ 7,500 Work-in-Process Inventory (All Job A) 31,200 Finished Goods Inventory 67,000 Material purchases 104,000 Direct materials requisitioned Job A 65,000 Job B 33,500 Direct labor hours Job A 4,200 Job B 3,500 Labor costs incurred Direct labor ($8.50/hour) $65,450 Indirect labor 13,500 Supervisory salaries 6,000 Rental costs Factory 7,000 Administrative offices 1,800 Total equipment depreciation costs Factory 7,500 Administrative offices 1,600

K company production was working on Job 1 and Job 2 during the month. Of the $785 in direct materials, $375 in materials was requested for Job 1. Direct labor cost, including payroll taxes, are $22 per hour, and employees worked 17 hours on Job 1 and 28 hours on Job 2. Overhead is applied at the rate of $18 per direct labor hours. Prepare job order cost sheets for each job. Job 1   Hours Total Cost Direct materials       $fill in the blank 1   Direct labor   fill in the blank 2   fill in the blank 3   Manufacturing overhead   fill in the blank 4   fill in the blank 5   Total cost       $fill in the blank 6     Job 2   Hours Total Cost Direct materials       $fill in the blank 7   Direct labor   fill in the blank 8   fill in the blank 9   Manufacturing overhead   fill in the blank 10   fill in the blank 11   Total cost       $fill in the blank 12

Applying factory overhead Instructions Chart of Accounts Factory Overhead Journal Instructions Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor hours are estimated to be 80,0000. Required: a. For Bergan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. b. During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. Determine the amount of factory overhead applied to Jobs 200 and 305 in May. c. Prepare the journal entry on May 31 to apply factory overhead to both jobs in May according to the predetermined overhead rate, Refer to the chart accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal…

Applying Factory Overhead Instructions Chart of Accounts Factory Overhead Journal Instructions Lockmiller Company estimates that total factory overhead costs will be $867,000 for the year, Direct labor hours are estimated to be 102.000 Required: a For Lockmiller Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. Round your answer to the nearest cent b. During May, Lockmiler Company accumulated 1,900 hours of direct labor costs on Job 275 and 2,600 hours on Job 310 Determine the amount of factory overhead applied to Joba 275 and 310 in May c. Prepare the journal entry on May 30 to apply factory overhead to both jobs in May according to the predetermined overhead rate. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit…