Question

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, e.g. 5,275.) Case A Case B Direct materials used $84,200 Direct labor 50,000 145,200 Manufacturing overhead applied 30,000 Total manufacturing costs 150,350 Work in process 1/1/20 (b) 18,600 Total cost of work in process 211,800 Work in process 12/31/20 16,800 Cost of goods manufactured 199,200

Answer 1

Fill missing amount

	Case A	Case B
Direct material used	a) 150350-80000 = 70350	84200
Direct labor	50000	145200
manufacturing overhead applied	30000	d) 145200*60% = 87120
Total manufacturing cost	150350	e) 84200+145200+87120 = 316520
Work in process 1/1/20	b) 211800-150350 = 61450	18600
Total cost of work in process	211800	f) 316520+18600 = 335120
Work in process 12/31/20	c) 211800-199200 = 12600	16800
Cost of goods manufactured	199200	g) 335120-16800 = 318320