Answer:
Determine missing amount : | ||||
Caln | Case 1($) | Case 2($) | Case 3($) | |
direct material used | A | 12,000 | 8,167 | 9,600 |
Direct labour | B | 12,000 | 8,333 | 7,440 |
Manufacturing overhead applied(150% of Cirect labour) | C | 18,000 | 12,500 | 11,160 |
total current manufacturing costs | D=A+B+C | 42,000 | 29,000 | 28,200 |
beginning finished work in process inventory | E | 8,100 | 22,900 | 7,200 |
ending work in process inventory(less) | F | 5,900 | 8,900 | 25,399 |
cost of goods manufactured | G=D+E-F | 44,200 | 43,000 | 10,001 |
beginning finished goods inventory | H | 4,900 | 10,400 | 38,599 |
ending finished goods inventory | I | 8,900 | 16,400 | 6,600 |
Cost of goods sold | J=G+H-I | 40,200 | 37,000 | 42,000 |
Case 3 -Direct labour =28200-9600/2.5= $7,440 |
2. 166 points E2-6 Finding Unknown Values in the Cost of Goods Manufactured Report ILO 2-3,...
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6] Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint For the manufacturing costs in Case 3, first solve for conversion costs and then determine how...
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report (LO 2-3, 2-6) Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how...
E2-6 (Algo) Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6) Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how...
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) (Do not round...
E2-6 Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6 Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost listed. (Hint: For the (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar 17,000 32,400 4,100 13,001 4.100 5,100
E2-19 Calculating Missing Amounts and Cost of Goods Manufactured and Sold [LO 2-3, 2-4, 2-5, 2-6] For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 $6,400 55,000 700 1,600 $ 22,000$91,000 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost...
PA2-8 Recording Manufacturing Costs, Preparing a Cost of Goods
Manufactured Report, and Calculating Income from Operations [LO
2-3, 2-4, 2-5, 2-6]
Dobson Manufacturing Company uses a job order cost system with
manufacturing overhead applied to products on the basis of direct
labor dollars. At the beginning of the most recent period, the
company estimated its total direct labor cost to be $65,000 and its
total manufacturing overhead cost to be $91,000.
Several incomplete general ledger accounts show the transactions
that...
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) (Do not round...
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost Required: Treating each case independently, selected from the manufacturing data given below, tnd the missing amounts. You should do them in the order listed (Hint For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead) (Do not round...
Exercise 3-3 Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO3-3] Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials included in manufacturing overhead Direct labor Manufacturing overhead applied to work in process Under applied overhead $30,000 $ 4,800 $59,500 $88, 400 $ 4.050 Inventories Raw materials Vork in process Finished goods Beginning $ 10.200 $ 54,200 $ 33,800 Ending $ 19.700 $ 66.800 $43.600 Required: 1. Prepare...