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credits appeared in the rknproxess description balance february i entire...

Question: credits appeared in the rknproxess description balance february i entire...

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credits, appeared in the น.rk..n-Proxess Description Balance February I Entire moth Direct Materials Entire mth Direct Labor Entire mot Manufacturing overhead Credits Debits $20,000 80,000 60,00O 45,00 Entire month Murphy applies overhead to production at a budgeted rate of 75%, based on direct labor cost. Job 1000. , has been harged with direct labor of $30,0o0 the only job still in process at the end of February Murphys Manufacturing Overhead 2017 account showed a credit balance of si0,000 at the end of Februar Reguired: Calculate the amount of direct materials charged to Job 1000 b, what is the amount of DL costs for Job 1000? 2 e. What is the amount of OHD allocated to Job 1 d. Compute the actual overhead for Murphy furniture Company for February 2017 Manufacturing Overhead account each month. Murphy Assume that Murphy closes its does not prorate the manufacturing overhead variance, but writes it off to cost of goods sold. Prepare the entry to close the overhead account at the end of February. 2017 e.

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