Question

Question 6 --/1 View Policies Current Attempt in Progress Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, eg. 5,275.) Case A Case B Direct materials used $ $87,700 Direct labor 52,000 147,400 Manufacturing overhead applied 41,600 53 Total manufacturing costs 146,950 Work in process 1/1/20 (b) 25,100 Total cost of work in process 203,700 Work in process 12/31/20 15,500 Cost of goods manufactured 196,800

Answer 1

	Case A	Case B
Direct Materials used	$             53,350	$             87,700
direct labor	$             52,000	$         1,47,400
Manufacturing Overhead Applied	$             41,600	$         1,17,920
Total Manufacturing cost	$         1,46,950	$         3,53,020
Work In progress 01-01-20	$             56,750	$             25,100
Total Cost Of Work in progress	$         2,03,700	$         3,78,120
Work In progress 12-31-20	$               6,900	$             15,500
Cost of goods manufactured	$         1,96,800	$         3,62,620
Formulas:
Total Manufacturing cost + direct labor + direct overhead+ overhead applied
Total Cost of work in progress = Total Manufacturing cost+ work in progress 01-01-20
Cost of goods manufactured= total cost of work in progress - work in progress 12-31-20