The following information is available at the end of the period for the completed job.
Beginning balance 18,000
Direct materials 30,600
Direct labor 24,500
Manufacturing overhead applied 41,700
Adjustment for overapplied overhead 1,600
Total numbers of units produced 25,000
Total number of units sold 28,500
What is the unit cost for this job?
Using the information above prepare the journal entry to record the adjustment for overapplied overhead.
Using the information above calculate the overhead rate you will use on your next job. The overhead rate is based on direct labor.