Dapper Corporation had only one job in process on May 1. The job had been charged with $1,010 of direct materials, $3,630 of direct labor, and $5,510 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $15.70 per direct labor-hour.
During May, the following activity was recorded:
| Raw materials (all direct materials): |
|
| Beginning balance |
$ 9,700 |
| Purchased during the month |
$25,000 |
| Used in production |
$31,400 |
| Labor: |
|
| Direct labor-hours worked during the month |
2,160 |
| Direct labor cost incurred |
$29,808 |
| Actual manufacturing overhead costs incurred |
$31,800 |
| Inventories: |
|
| Raw materials, May 30 |
? |
| Work in process, May 30 |
$20,100
|
Dapper Corporation had only one job in process on May 1. The job had been charged with $1,010 of direct materials, $3,630 of direct labor, and $5,510 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $15.70 per direct labor-hour.