Question

* You received no credit for this question in the previous attempt. Help Required information The Foundational 15 (L03-1, LO3-2, LO3-3, LO3-4) The following information applies to the questions displayed below.) Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 40,000 $ 18,000 $ 35,000 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $16.25 per direct labor-hour was based on a cost formula that estimated $650.000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $510,000. b. Raw materials used in production, $480,000. All of of the raw materials were used as direct materials. C. The following costs were accrued for employee services: direct labor, $600,000; indirect labor, $150,000; selling and administrative salaries, $240,000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing). $367,000. e. Incurred various manufacturing overhead costs (e.g. depreciation, Insurance, and utilities). $500,000 f. Manufacturing overhead cost was applied to production. The company actually worked 41.000 direct labor hours on all jobs during the year. g. Jobs costing $1,680,000 to manufacture according to their job cost sheets were completed during the year. < Prev 5 6 7 15 of 15 !!! Next >

Answer 1

Total Manufacturing cost added to WIP:
Direct material				480000
Direct labor cost				600000
Manufacturing oh (41000 DLH @ 16.25)				666250
Total Manufacturing cost added to WIP:				1746250
Answer is $ 1746,250