The following cost data relate to the manufacturing activities of the Kalinka Company last year: Manufacturing overhead costs: Property taxes.... Utilities, factory.. Indirect labor.. Depreciation, factory. Insurance, factory.. Total. Other costs incurred: Purchases of direct materials. Direct labor cost.. Inventories: Direct materials, January 1. Direct materials, December 31. Work in process, January 1. Work in process, December 31. $ 1,500 2,500 5,000 12,000 3.000 $24.000 $16,000 $20,000 $4,000 $3,500 $3,000 $3,750 The company uses a predetermined overhead rate to apply manufacturing overhead cost to production. The rate last year was $5.00 per machine-hour; a total of 5,000 machine-hours were recorded for the year.

The following cost data relate to the manufacturing activities of the Kalinka Company last year: Manufacturing overhead costs: Property taxes.... Utilities, factory.. Indirect labor.. Depreciation, factory. Insurance, factory.. Total. Other costs incurred: Purchases of direct materials. Direct labor cost.. Inventories: Direct materials, January 1. Direct materials, December 31. Work in process, January 1. Work in process, December 31. $ 1,500 2,500 5,000 12,000 3.000 $24.000 $16,000 $20,000 $4,000 $3,500 $3,000 $3,750 The company uses a predetermined overhead rate to apply manufacturing overhead cost to production. The rate last year was $5.00 per machine-hour; a total of 5,000 machine-hours were recorded for the year.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...

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