Solution-What was the cost of jobs completed in April

What was the cost of jobs completed in April

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Reference no: EM133052208

Question - ABC inc. produces small, custom earth-moving equipment for landscaping companies. Manufacturing overheads is allocated to work in process using an estimated overhead rate. During April, transactions for ABC included the following:

Direct materials issued to production. $180,000

Indirect materials issued to production. 30,000

Other manufacturing overheads incurred. 250,000

Overhead allocated 225,000

Direct labour costs 75,000

Beginning and ending work in a process were both zero

What was the cost of jobs completed in April?

Was manufacturing overheads under applied or over applied? By how much.

Write out the journal entries for these transactions, including the adjustment.

Reference no: EM133052208

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What was the cost of jobs completed in April

Reference no: EM133052208

Reference no: EM133052208

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