22 of 23 View Policies Current Attempt in Progress /12 The following data were taken from the records of Oriole Enterprises, a Canadian manufacturer that uses a normal job-order costing system Wwk in Press, December 1 Job Number 70 NO Direct materials 51890 $2520 $1580 Direct labour 1260 2520 630 Applied overhead 630 1420 470 Total 53700 $6460 $2.680 During December, the company worked on jobs numbered 70 through 90 and incurred the following costs Job Pumber 20 75 BO PO Total Direct materials 5430 $950 $790 $1,380 $1,260 $3150 $1,430 $1,580 $2,340 $6.300 $5.840 114.100 Direct labour hour 50 110 210 160 420 950 Additional information 1 Total overhead costs are applied to jobs on t 2 of direct labour hours worked At the beginning of the year the estimated that total overhead costs for the year would be $157.560, and the total labour L The balance in the Departmental Overhead Contrul account on December 1 was 516030 Actual direct later hours for the previous 11 months January through November) were 11.810 3 There were no jobs in shed goods on December 1 4 Expenses for December were as follows not yet recorded in the books of account Direct materials purcha $7,00 Production der 1580 Supervisor 2310 Depreciation plant and equipment 2610 Factory suppl 150 640 Usines facin 1890 Administrative exp 900 537410 The company wees off all under or over applied overhead to Coat of Goods Sold at the end of the y Jet 70 80 85 and 90 Question 22 of 23 Direct labour hours 50 110 210 180 20 750 -/12 E Additional information 1 2 Total overhead costs are applied to jobs on the basis of direct labour hours worked. At the beginning of the year, the company estimated that total overhead costs for the year would be $157.560, and the total labour hours worked would be 13,130. The balance in the Departmental Overhead Control account on December 1 was $168,010 Actual direct labour hours for the previous 11 months (January through November) were 11,810. 3. There were no jobs in finished goods on December 1 4. Expenses for December were as follows (not yet recorded in the books of account): Direct materials purchased $7880 Salaries Production clerk 1.580 Supervisor 2310 Depreciation (plant and equipment) 2610 Factory supplies 1.580 Sales staff salaries 9,660 Utilities (factory) 1,890 Administrative expenses 9.900 $37,490 5. The company writes off all under- or over-applied overhead to Cost of Goods Sold at the end of the year 6. Jobs 70, 80, 85, and 90 were completed during December. Only Job 90 remained in finished goods on December 31. 7. The company charges its customers 250% of total manufacturing cost Cost of goods sold to December 1 was $37.490 Using the information given calculate the following amounts: 1 The predetermined overhead rate used to apply overhead to products S per labour hour 2 The cost of ending work in process inventory The cost of goods manufactured in December The unadjusted gross margin for December Textbook and Media Ust of Accounts