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a) The Jackpots Dreams Cards Company is a card manufacturer. All direct materials and conversion costs are applied to all of Probal Trading Cards products

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a) The Jackpots Dreams Cards Company is a card manufacturer. All direct materials and conversion costs are applied to all of Probal Trading Cards products at an even rate throughout the manufacturing process. For August, the beginning work in process inventory for the Finishing Department was 9.500 units that averaged 65 percent complete Ending work in process inventory was 18.500 units averaging 45 percent complete. Production data shows 188.400 units were started during the period. Beginning work in process inventory costs totaled $11.282 including $7,206 for conversion costs. For the month of August. additional costs totaling $75.264 for direct materials and $111,084 for conversion costs were added in the production department during the period. 1) Prepare in good form a process report 2) Prepare the journal entry to move costs to finished goods 3) Prepare any journal entry, required for costs remaining in WIP. D) Electric Car CO (ECC). Currently manufactures two different types of fully electronic cars in 2021 Type BY is a large SUV whereas Type 8w will be the fastest car in the world with 10 rocket thrusters. ECC has decided to use ABC costing instead of traditional costing The 2021 budget to manufacture these new types include manufacturing overhead of $126,920,760 which has been allocated on each products inspection hours. The expected prime costs of two new types we as follows: Type B Type W Prime Costs $4325 ECC's controller believes the traditional costing system may be providing misleading cost information They have developed an analysis of the 2021 budgeted manufacturing-overhead costs shown in the following chart Cost Driver Budged Activity Budgeted Cost Assembly Assembly hours 10.000 $63,450.000 Inspection Inspection hours 10,000 $27.920,000 Painting Galions of paint 5.000 $22.850.000 Quality control Number of tests 8.000 $12.690.760 Total manufacturing-overhead cost $126.920,760 Actual data regarding the 2021 manufacturing of the Type By and the Type SW is shown in the following table with a total MOH of $216,920,760: Type Typew Budgeted Sales (units) Assembly hours Inspection hours Paint Gallo Tests 2.222 757 767 33 512 555 2.955 2955 1477 2364 Required 1) Using the traditional method Determine the company's predetermined overhead rates) applied Determine how much overhead was applied to Type BY IL Provide the MOH true up jumal entry required for this method at the end of the 2) Using the ABC method i Determine the company's predetermined overhead rate(s) applied Determine how much overhead was aplied to Type BY Provide the MOH true up jumal entry required for this method at the end of the year

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