you use a normal job order cost system, in which manufacturing overhead is assigned to products using a single monthly-predetermined moh rate based on direct labor cost. for the month of March, the budgeted moh rate is 300% of direct labor cost.
Budgeted direct labor cost was $30,000. Beginning inventory was:
Beginning work in process $40,000 (related solely to job #11)
Beginning finished goods $104,000 (related solely to job #10)
During the month, job #10 was sold. job # 11 was finished, but not sold. no new jobs were put into production. costs incurred in finishing the job were; $80,000 for direct materials and $44,000 for direct labor. actual moh incurred in finishing job #11 was $110,000.
a) find out budgeted moh for the month.
b) find out the cost assigned to job #11 in march and the total cost of job #11
c) find out the ending balance in the work in process and finished goods inventory accounts
d) find out the cost of goods manufactured and the cost of goods sold for marc