Enochiz Enterprises produces a highly customized product in its Tacoma factory. The company distinguishes itself

with its quick completion time of all custom orders. When a customer order is received, materials are requisitioned

from the warehouse and the production started within 7 hours of the order time. Direct labor employees are paid at

a rate of $40 per hour and manufacturing overhead is applied to jobs based on direct labor hours. The budgeted

total overhead for the period was $30,000 based on 600 budgeted direct labor hours.

During the month of July 2023, the following activity occurred:

Beginning work in process: Zero

Jobs Started during the period

Job 1200

$9,00

$7,680

Job 1201 Job 1202

$12,000

Direct Materials

$5,000

Job 1203

$8,000

$ 2,400

Direct Labor

$11,520

$3,840

All jobs were completed by the end of the month except job 1203 which is still in work-in-process.

Total actual Manufacturing Overhead for the entire month of July amounted to $34,000.

REQUIRED:

Prompt 1Compute the total cost of the ending work in process (Job 1203)

Answer for prompt 1 Compute the total cost of the ending work in process (Job 1203)

Prompt 2Compute the total cost of job 1200

Answer for prompt 2 Compute the total cost of job 1200

Prompt 3Compute the overhead applied to job 1201

Answer for prompt 3 Compute the overhead applied to job 1201

Prompt 4Compute the total cost of job 1201

Answer for prompt 4 Compute the total cost of job 1201

Prompt 5Compute the overhead applied to job 1200

Answer for prompt 5 Compute the overhead applied to job 1200

Prompt 6Compute the predetermined overhead rate

Answer for prompt 6 Compute the predetermined overhead rate

Prompt 7 Compute the overapplied or under applied overhead for the period

Answer for prompt 7 Compute the overapplied or under applied overhead for the period

Next Question Next