Question

Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 22,700 Oct. 31 Finished goods X 31 Direct materials 93,400 31 Direct labor 173,800 31 Factory overhead X Finished Goods Oct. 1 Balance 15,000 31 Goods finished 346,000 If the balance of Work in Process on October 31 is $193,800, what was the amount of factory overhead applied in October

Answer 1

Answer: $249,900‬

Explanation:

Factory Overhead Applied = Total manufacturing cost - Direct material - Direct labour

Total Manufacturing Cost = Goods finished + Ending Work in Process -Beginning Work in Process

= 346,000 + 193,800 - 22,700

= $517,100‬

Factory Overhead Applied = 517,100‬ - 93,400 - 173,800

= $249,900‬