Reference no: EM132588974
Hershey Company uses a job order costing system and applies manufacturing overheads on the basis of direct labor cost. Total manufacturing overhead was estimated to be $142,595 for the year; direct labor was estimated to total $150,100.
(1/1) (12/31)
Raw Materials Inventory $14,200 $9,400
Work in Process Inventory $20,000 $22,700
Finished Goods Inventory $42,500 $31,300
The following transactions have occurred during the year.
Raw materials purchases$111,000
Direct materials used$104,500
Direct labor$126,800
Indirect materials used$11,300
Indirect labor$16,300
Factory equipment depreciation$27,100
Factory rent$21,700
Factory utilities$9,100
Other factory costs$6,900
Question (a) Calculate the predetermined overhead rate.
Question (b) Calculate cost of goods manufactured.
Question (c) Calculate the over- or underapplied overhead. (Input the amount as positive value.)
Question (d) Calculate adjusted cost of goods sold
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