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1 Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory Work-In-Process Inventory 2 BB
1 Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. Materials Inventory Work-In-Process Inventory 2 BB (11/1) points 44,000 134,000 BB (11/1) 74,000 103,000 Labor 99,000 Finished Goods Inventory BB (11/1) 94,000 194,000 134,000 Cost of Goods Sold Manufacturing Overhead Control Applied Manufacturing Overhead 92,000 eBook Additional information for November follows: Print Labor wage rate was $30 per hour. References Manufacturing overhead is applied at $24 per direct labor-hour. During the month, sales revenue was $340,000, and selling and administrative costs were $62,000. This company has no indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold. 2 2 points Dixboro Company manufactures one product and accounts for costs using a job cost system. You have obtained the following information from the corporation's books and records for the fiscal year ended May 31, year 1: Total manufacturing cost during the year was $19,500,000 based on actual direct material, actual direct labor, and applied manufacturing overhead. Manufacturing overhead was applied to work in process at 150 percent (1.5 times) direct labor dollars. Applied manufacturing overhead for the year was 30 percent of the total manufacturing cost during the year. eBook Required: Compute actual direct material used, actual direct labor, and applied manufacturing overhead. (Hint. The total of these costs is $19,500,000.) (Round intermediate calculations to 2 decimal places.) Print Direct material used References Direct labor Manufacturing overhead applied
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