1 Part 1 of 15 0.66 points Black Print References Required information [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 $75,500 519,600 $59,400 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560,000 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, $606,000. b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $510,000; indirect labor, $150,000; selling and administrative salaries, $257,000. d. Incurred various selling and administrative expenses (e.g. advertising, sales travel costs, and finished goods warehousing). $382,000. e. Incurred various manufacturing overhead costs (eg, depreciation, insurance, and utilities). $410,000. 1. 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 $1,558,300 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568.300 to manufacture according to their job cost sheets. Required Check my work Part 1 of 15 0.66 points Required information journal entry required" in the first account field.) View transaction list Journal entry worksheet eBook Print References Record the raw materials used in production. Note: Enter debits before credits, Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal 2 Part 2 of 15 0.66 points lock References Required information [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 materiale Work in process Finished goods $75,500 $19,600 $59,400 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560,000 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, $606,000. b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $510,000; Indirect labor, $150,000; selling and administrative salaries, $257,000. d. Incurred various selling and administrative expenses (e.g, advertising, sales travel costs, and finished goods warehousing), $382,000. e. Incurred various manufacturing overhead costs (e.g. depreciation, insurance, and utilities), $410,000. 1. 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 $1,558,300 to manufacture according to their job cost sheets were completed during the year h. Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568,300 to manufacture according to their job cost sheets. Help Save & Exit Submit Check my work 2 Part 2 of 15 0.66 points Book Pint References a. Raw materials were purchased on account, $606,000. b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $510,000; indirect labor, $150,000; selling and administrative salaries, $257,000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing). $382,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities). $410,000. 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 $1,558,300 to manufacture according to their job cost sheets were completed during the year h. Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568,300 to manufacture according to their job cost sheets. 2. What is the ending balance in Raw Materials? Raw Materials Debit Credit Beginning balance Ending balance 3 Part 3 of 15 0.66 points P Required information [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 $ 75,500 $ 19,600 $59,400 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560,000 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. $606,000. b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $510,000; indirect labor, $150,000; selling and administrative salaries, $257,000 d. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing). $382,000. e. Incurred various manufacturing overhead costs (eg. depreciation, insurance, and utilities), $410,000 1 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 $1,558,300 to manufacture according to their job cost sheets were completed during the year h. Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568.300 to manufacture according to their job cost sheets. 1. What is the journal entry to record the labor costs incurred during the year? If no entry is required for a transaction/event, select Check my work Part 3 of 15 0.65 points 3. what is the journey to fucord the labor costs incurred during the year? (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transactions Journal entry worksheet Book < P References Mc Grow Record the accrued labor costs. Note: Erter debits before credits Transaction 1 General Journal Debit Credit Racord entry Clear entry View general journal 4 Part 4 of 15 0.66 Pren Required information 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 goode $75,500 $19,600 $59,400 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560,000 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, $606,000. b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $510,000; indirect labor, $150,000; selling and administrative salaries, $257,000 d. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing), $382,000 e. Incurred various manufacturing overhead costs (e.g. depreciation, insurance, and utilities), $410,000 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 $1,558,300 to manufacture according to their job cost sheets were completed during the year Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568.300 10 manufacture according to their job cost sheets. h. 4. What is the total amount of manufacturing overhead applied to production during the year? Meeting werd aced Check my work 5 LO Part 5 of 15 0.66 points Book PM Required information [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: Baw materials work in process Finished goods $75,500 19,400 $59.400 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560,000 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, $606,000 b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $510,000; indirect labor, $150,000: selling and administrative salaries, $257,000. d. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing), $382,000. e. Incurred various manufacturing overhead costs (eg, depreciation, insurance, and utilities), $410.000 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 $1,558.300 to manufacture according to their job cost sheets were completed during the year. Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568,300 to manufacture according to their job cost sheets. 5. What is the total manufacturing cost added to Work in Process during the year? a manung conti 9 . Part 6 of 15 0.66 point eBook P References Required information [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 $75,500 $19.600 $59,400 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560,000 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, $606,000. b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $510,000; indirect labor, $150,000, selling and administrative salaries, $257,000, d. Incurred various selling and administrative expenses (e.g, advertising, sales travel costs, and finished goods warehousing). $382,000. e. Incurred various manufacturing overhead costs (eg, depreciation, insurance, and utilities), $410,000. 1. 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 $1,558,300 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568,300 to manufacture according to their job cost sheets 6. What is the journal entry to record the transfer of completed jobs that is referred to in item g above? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) of-15 Next> Part 6 of 15 0.66 points 6. What is the journal entry to record the transfer of completed jobs that is referred to in item g above? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transactions Journal entry worksheet Block Fr Record the manufactured goods completed during this year. Note: Enter debits before credits Transaction 1 General Journal Debit Credit View general journal Record entry Clear entry 7 Part 7 of 15 0.66 points ellook P Referencies (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 $75,500 $ 19,600 $59,400 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 $14.00 per direct labor-hour was based on a cost formula that estimated $560,000 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, $606,000. b. Raw materials used in production, $561,200. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $510,000; indirect labor, $150,000; selling and administrative salaries, $257,000. d. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing), $382,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities), $410,000. 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 $1,558,300 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568,300 to manufacture according to their job cost sheets. 7. What is the ending balance in Work in Process? Check my work Part 7 of 15 www. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $382,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities), $410,000. 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 $1,558,300 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $3,075,000. The jobs cost $1,568,300 to manufacture according to their job cost sheets. 0.66 points 7. What is the ending balance in Work in Process? ellook Pri Work in Process References Debit Credit Beginning balance Ending balance