# West Corporation’s Manager Assignment

In December 2012, West Corporation’s manager estimated next year’s total direct labor cost assuming 20 persons working an average of 2,000 hours each at an average wage rate of \$25 per hour. The manager also estimated the following manufacturing overhead costs for 2018.

 Indirect labor \$    50,000 Factory supervision 60,000 Rent on factory building 60,000 Factory utilities 80,000 Factory insurance 20,000 Depreciation – factory equipment 400,000 Repairs expense – factory equipment 180,000 Factory supplies used 20,000 Miscellaneous production costs 30,000 Total estimated overhead costs \$900,000

At the end of 2013, records show that the company incurred \$925,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 720, \$275,000; Job 721, \$200,000; Job 722, \$150,000; Job 723, \$300,000; Job 724, \$105,000. In addition, Job 725 is in process at the end of 2017 and had been charged \$50,000 of direct labor. Direct material costs for each of the jobs were as follows: Job 720, \$210,000; Job 721, 140,000; Job 722 110,000; Job 723, 260,000; Job 724 130,000; Job 725, 150,000. No jobs were in the process at the end of 2017. The company’s predetermined overhead rate is based on direct labor cost.

Required

1. Determine the predetermined overhead rate for 2018.
2. Determine the total overhead cost applied to each of the six jobs during 2018.
3. Determine the total cost of each of the six jobs at the end of 2018.
4. Determine the dollar amount that would be transferred from work in process inventory to finished goods inventory and ultimately to cost of goods sold in 2018.
5. Determine the dollar amount that would remain in work in process inventory at the end of 2018
6. Determine the over-or under-applied overhead at the end of 2018.
7. How would you recommend closing out the over- or under-applied overhead? Get Accounting homework help today
Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Other
Customer 462797, April 4th, 2022
Military
good job
Customer 456821, April 4th, 2022
Excellent job.
Customer 456821, April 21st, 2022
Military
good job
Customer 456821, March 28th, 2022
Communications
The best writer. Thank you!
Customer 462787, August 1st, 2022
Good content. Journals do not require citations/references.
Customer 459947, May 29th, 2022
Education
Good response.
Customer 454463, May 5th, 2022
English 101
Good job.
Customer 462899, April 26th, 2022
Military
Good job
Customer 456821, May 13th, 2022
Communications
Excellent. Thank you!
Customer 462787, August 23rd, 2022
Psychology
Great paper!
Customer 454247, April 8th, 2020
project management
thank you
Customer 462327, November 16th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend