20.4

ear's transactions pertaini 2. If manula used in each year? b. Prepare summary entries at January 31 to record the current years Job No. 92. s a job order cost system E20.4 (LO 1,5) Manufacturing cost data for Orlando Company, which uses a i presented below. 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 Case B $ 83,000 140,000 (d) (e) 15,500 (f) 11,800 Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead on the basis of direct labor cost and the rate is the same. facturing overhead is applied E20.5 (LO 3,5) Ikerd Company applies manufacturing overhead to jobs on the basis of machine used. Overhead costs are estimated to total $300,000 for the year, and machine usage is estimated 125,000 hours For the year, $322,000 of overhead costs are incurred and 130,000 hours are used