Manufacturing using job costing in may material


1) Manufacturing using job costing. In may material requisitions were $50834 and raw material purchases were $35634. The end of month balance on raw material inventory was $5277.What was the Beginning raw material inventory balance?

2) Allocated base on machine hours. Data for the recent year follows overhead rate per hour $12.6

Estimated machine hours $20996

Actual machine hours $20541

The amount of manufacturing overhead allocated for the year based on machine hours would have been?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: Manufacturing using job costing in may material
Reference No:- TGS01148851

Expected delivery within 24 Hours