Problem 3-30 7. Manufacturing overhead was overapplied by $10,000, computed as follows: 8. The ending balance in Work in Process is $30,000. Direct materials make up $9,200 of this balance, and manufacturing overhead makes up $12,800. The computations are: Actual manufacturing overhead cost for the year (debits) $230,000 Applied manufacturing overhead cost (from Work in Process?this would have been the credits to the Manufacturing Overhead account) 240,000 Overapplied overhead $(10,000) Balance, Work in Process, 12/31 $30,000 Less: Direct labor cost (given) (8,000) Manufacturing overhead cost ($8,000 × 160%) (12,800) Direct materials cost (remainder) $ 9,200
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