$15,300 overapplied.
$51,600 underapplied.
$51,600 overapplied.
$-0-
UNIT 2 QUIZ
Question 14. Question : Randall Company manufactures
products to customer
specifications. A job costing system is used to accumulate
production costs. Factory overhead cost was applied at
125% of
direct labor cost. Selected data concerning the past year's
operation of the company are presented below.
Direct Materials January 1 = $77,000
Direct Materials December 31 = 40,000
WIP January 1 = 66,000
WIP December 31 = 42,000
Finished Goods January 1 = 115,000
Finished Goods December 31 = 100,000
Other Information: