7 Part 3 of 11 0.33 points eBook Print References Required information [The following information applies to the questions displayed below.] Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 40,000 $ 18,000 $ 35,000 The company applies overhead cost to jobs using direct labor-hours. For this year, the company's predetermined overhead rate of $16.25 per direct labor-hour was based on a cost formula that estimated $650,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded this year. a. Raw materials were purchased on account, $510,000. b. Raw materials used in production, $480,000. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $600,000; Indirect labor, $150,000; selling and administrative salaries, $240,000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $367,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities), $500,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year. g. Jobs costing $1,680,000 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $2,800,000. The jobs cost $1,690,000 to manufacture according to their job cost sheets. 5. What is the total manufacturing cost added to Work in Process for this year? Total manufacturing cost k

Required information The following infovmution applies to the questions alspiayed below] Bunnel Corporation is a manutacturer that uses job-onder costing. On Janubry 1 the company's imventory balances were as follows: The compary applies overhead cont to jobs using direct labor-hours. For this year, the conpany/s piedetermined overhesd rate of $6.25 per direct tabor thour was based on a cont formula that evimated 5650.000 of total manufacturing overhesd for an estimated activisy levei of 40,000 ocect labot hours. The following transactions were recorded this yeer: a. Raw materials were purchased on account, $510000, b. Raw materiak used in production $480,000. All of of the raw materials were used as direct materias c. The following costs were accrued for employee services: direct laber, $500,000. Indirect labor, $150,000; seiling and administrative salaries, $240,000. d incurred various seling-and adminiatrative expenses (e q, ndvertising, sa ies travel costs, end finished goods warehousingl. $367000 c. incurred various manufacturing overhyad costs (e.g. depreciation, insurance, and utbies), $500,000 L Msoufacluring overhead cost was applied to production The compary actualy worked 41.000 direct laborthours an all jobs during the year. 9. Jobs costing $1,580,000 to manufacture according to their job cost sheets were compleied during the ves. h. Jobs were sold on account to castomers during the year for a total of $2.800.000. The jobs cost $1690,000 to manufacture according to their job cost sheets. 5. What is the totai manufscturing cost added to Work in Process for this year