Costing & Accounting:: Tyler Tooling Company uses a job order costing system with overhead applied

Feb 3rd, 2012
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California Institute of Technology
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Tyler Tooling Company uses a job order costing system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $241,410 and total machine hours at 61,900. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job: Job 101 Job 102 Job 103 Total Direct materials cost $11,700 $7,500 $5,000 $24,200 Direct labor cost $17,300 $5,100 $4,300 $26,700 Machine hours 1,300 hours 2,200 hours 1,000 hours 4,500 hours ________________________________________ Job 101 was completed and sold for $51,800. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead costs recorded during the first month of operations totaled $18,150. Compute the total manufacturing overhead applied to the Work in Process Inventory account during the first mo

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Tyler Tooling Company uses a job order costing system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $241,410 and total machine hours at 61,900. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job:Job 101Job 102Job 103TotalDirect materials cost$11,700$7,500$5,000$24,200Direct labor cost$17,300$5,100$4,300$26,700Machine hours1,300 hours2,200

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