A. The Green Company makes boats from wood. Job 489 is to build 40 rowboats.

Job 489 requires 1,000 pounds of wood costing $8 per pound. It requires 160 hours of direct labor costing $25 per hour. Also, use the following information about the company:

Total manufacturing overhead cost expected for all jobs during the whole year $400,000

Estimated direct labor hours for all jobs during the whole year 40,000

Calculate the following if the Green Company uses the traditional method of job order costing with one company-wide predetermined overhead rate using direct labor hours as the allocation base:

1. The predetermined overhead rate

2. The direct materials cost of job 489

3. The direct labor cost of job 489

4. The manufacturing overhead cost applied to job 489

5. The total cost of job 489

6. The cost per boat

Please make journal entries for the following transactions: of a manufacturing company:

B. The company purchased materials (both direct and indirect) on account (on credit) for $100,000

C. The company used $84,000 of direct materials.

D. The company used $7,000 of indirect materials.

E. The company incurred $50,000 of a liability (wages payable) for direct labor.

F. The company incurred $10,000 of a liability (wages payable) for indirect labor.

G. The company incurred $80,000 of manufacturing overhead, $15,000 of which was for depreciation on the factory machines and the rest was paid in cash.

H. The company allocated (applied) manufacturing overhead to various jobs using direct labor hours as the allocation base. The actual number of direct labor hours was 2,500 and the predetermined overhead rate was $34 per direct labor hour.

I. The cost of goods manufactured (finished) was $200,000.

J. Goods were sold on the account (on credit) for $400,000. The cost of the goods sold was $190,000.

(2 journal entries required for this one)

Assuming that a companys total fixed cost is $7,000 and the variable cost per unit is $8, please calculate the following amounts if the company produces 4,000 units:

K. The total variable cost

L. The total cost

M. The average cost per unit