Question
1.Sonnheim Manufacturing uses job costing. In May, material requisitions were $58556 and raw material purchases were $32210. The end of month balance in raw materials
1.Sonnheim Manufacturing uses job costing. In May, material requisitions were $58556 and raw material purchases were $32210. The end of month balance in raw materials inventory was $5754. What was the beginning raw materials inventory balance? (INPUT YOUR ANSWER WITHOUT COMMAS OR DOLLAR SIGNS)
2.Crockett Company had a beginning work in process inventory balance of $33061. During the year, $77,000 of direct materials were placed into production. Direct labor was $60034, and indirect labor was $19,500. Manufacturing overhead is allocated at 130% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225209 were completed during the year. What is the ending work in process inventory balance?
3.
Smith Paints allocates overhead based on machine hours. Selected data for the most recent year follow.
Overhead Rate per hour | $12.68 |
Estimated machine hours | 20118 |
Actual machine hours | 20669 |
The amount of manufacturing overhead allocated for the year based on machine hours would have been:
(INPUT YOUR ANSWER WITH NO COMMAS OR Dollar SIGNS. ROUND YOUR ANSWER TO THE NEAREST WHOLE NUMBER)
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