1. A job cost sheet of Fugate Company is given below

SUMMER 2017 2017 ACC 212 DL02 FINAL EXAM 1. A job cost sheet of Fugate Company is given below. Job Cost Sheet JOB NO. 172 FOR Direct Materials 5/10 1,330 1,120 24 27 .. James Company Date 12 15 22 31 1,500 Date Completed 5/31 Quantity 1,000 1,870 :.. Cost of completed job: Direct materials Direct labor Manufacturing Overhead Total cost Unit cost Direct Labor Manufacturing overhead 550 480 825 720 670 1,005 :_.:......:..,_ ..:....-_..:.......:. ...:.;.::...: ...:: . . . .::..,..._ ..;;_, ......... REQUIREMENTS: (a) Answer the following questions. (1) What is the predetermined manufacturing overhead rate? (2) What are the total cost and the unit cost of the completed job? (b) Prepare the entry to record the completion of the job. (Problem is worth 50 points) 2. TheNitrogen Fixation Department of Tomco Company began the month of December with beginning work in process of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs. Units transferred out are 12,000 units. Ending work in process contains 10,000 units that are 100% complete as to materials and 40% complete as to conversion costs. REQUIREMENTS: Compute the equivalent units of production for materials and conversion costs for the month of December. Using the Quantities / Equivalent Units reporting matrix in Chap 7. (Problem is worth 100 points) Page 1 of 2 SUMMER 2017 2017 ACC 212 DL02 FINAL EXAM 3. Compute activity-based costing rates from the following budgeted datafor Upton Golf Co.: Activity Cost Pool Designing Machining Packing Budgeted Cost $2,550,000 525,000 620,000 Budgeted Cost Driver 75,000 designer hours 21,000 machine hours 31,000 labor hours (Problem is worth 50 points) Page 2 of 2