Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 166 points Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of

image text in transcribed

2 166 points 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 your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values.) eBook Hint Case 1 Case 2 Case 3 Print References Direct material used 13,000 5,167 12,600 Direct labor 11,000 8,333 6,400 Manufacturing overhead applied. 16,500) 12,500 Total current manufacturing costs 40,500 26,000 31,800 Beginning work in process inventory 8,100 30,900 7,300 Ending work in process inventory 4,600 8,900 Cost of goods manufactured 44,000 48,000 3,001 Beginning finished goods inventory 3,700 10,500 Ending finished goods inventory 7,500 24,500 5,200 Cost of goods sold 40,200 34,000 38,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Governmental and Not for Profit Accounting

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

7th edition

9780132776073, 132776014, 978-0132776011

More Books

Students also viewed these Accounting questions