20.4

DOS $13,000 18,000 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($44,800 + 2,000) 13,800 $44,800 $22.40 ary 1 if this was the only unfinish Instructions a. On the basis of the foregoing data, answer the following questions. 1. What was the balance in Work in Process Inventory on January 1 if this was the job? 2. If manufacturing overhead is applied on the basis of direct labor cost, what overhead rates used in each year? b. Prepare summary entries at January 31 to record the current year's transactions pertaining Job No. 92. E20.4 (L0 1,5) Manufacturing cost data for Orlando Company, which uses a job order cost system, presented below. Case B $ 83,000 140,000 (d) Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Work in process 1/1/20 Total cost of work in process Work in process 12/31/20 Cost of goods manufactured Case A $ (a) 50,000 42,500 145,650 (b) 201,500 (c) 192,300 (e) 15,500 (f) 11.800 Instructions Indicate the missing amount for each letter. Assume that in all case on the basis of direct labor cost and the rate is the same. 1. Assume that in all cases manufacturing uring overhead is appli E20.5 (LO 3,5) Ikerd Company applies manufacturing overhead to job used. Overhead costs are estimated to total $300,000 for the year, and 125,000 hours. For the year, $322,000 of overhead costs are incurred and 1300 ted to total securing overhead to jobs on the basis of massimacer? year, and machine usage 1 machine how sdge is estimat 1130.000 hours are used