Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Applications/Cases Question 1 of 3 Blossom Sports has determined the following unit costs for each of its products: Direct materials Direct labor Manufacturing overhead Total

image text in transcribed
image text in transcribed
image text in transcribed
Applications/Cases Question 1 of 3 Blossom Sports has determined the following unit costs for each of its products: Direct materials Direct labor Manufacturing overhead Total unit cost Sales price per unit Pants $6.00 4.00 5.00 $15.00 $20.00 Jerseys $14.00 3.60 4.00 $21.60 $25.80 Jackets $52.00 20.00 32.00 $104.00 $164.00 On May 31, Blossom Sports Work in Process Inventory consisted of the following items: Job Units 100 PA-1247-Pants JE-1397-Jerseys JA 426-Jackets Accumulated Cost $1.050 3,600 3,850 $8,500 200 50 During June, a total of $ 237,900 in direct materials and $128,380 in direct labor costs were incurred Units finish | Applications/Cases Question 1 of 3 0.29/1 During June, a total of $237,900 in direct materials and $128,380 in direct labor costs were incurred. Units finished and sold during June were as follows: Product Units Finished Pants Jerseys Jackets 13,500 3,200 2.500 Units Sold 14,000 3,100 2,500 (a) Your answer is correct. Given that Blossom Sports uses direct labor dollars as its application base, what is the company's predetermined overhead rate? (Round answer to decimal places, eg. 15%.) 125 % Predetermined overhead rate X Your answer is incorrect. Calculate the cost of Goods Manufactured for June. (Round answer to 0 decimal places, eg. 5,275,) Cost of Goods Manufactured $ 535255 e Textbook and Media e Textbook 1 e Textbook 2 e Textbook 3 Attempts: 2 Save for Later

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions