As of December 31, 2013, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of 2013, there was $2,000 of materials on hand. During the year, the company purchased $325,000 of materials: however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during 2013? $312.000 $324,500 $325,500 $313,000 Alami Accounting performs two types of services, Audit and Tax. Alami's estimated overhoed costs is $200,000. Currently, Alami is using traditional costing in assigning is overhead cost, which adopts DIRECT LABOR COST as its cost driver basis. More information on the two services is: Audit Tax Direct labor cost $50,415 $36,180 CPU minutes 40,358 10,469 Legal hours used 236 931 How much is the overhead applied to AUDIT SERVICES using TRADITIONAL COSTING? Write the answer in the box below: IMPORTANT WRITE YOUR ANSWER TO THE CLOSEST 2.DECIMAL POINTS. As of December 31, 2013, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of 2013, there was $2,000 of materials on hand. During the year, the company purchased $325,000 of materials: however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during 2013? $312,000 $324,500 $325,500 $313,000 Barr Mfg. provided the following information from its accounting records for 2013: Expected production 32,962 labor hours Actual production 29,625 labor hours Budgeted overhead $911,812 Actual overhead $877,808 How much is the overhead application rate if Barr bases the rate on direct labor hours? IMPORTANTII PROVIDE YOUR ANSWERS WITH UP TO 2 DECIMAL POINTS AND PUT "S" IN YOUR ANSWER. As of December 31, 2013, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of 2013, there was $2,000 of materials on hand. During the year, the company purchased $325,000 of materials: however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during 2013? $312,000 $324,500 $325,500 $313,000 Alami Accounting performs two types of services, Audit and Tax. Alami's estimated overhoed costs is $200,000. Currently, Alami is using traditional costing in assigning is overhead cost, which adopts DIRECT LABOR COST as its cost driver basis. More information on the two services is: Audit Tax Direct labor cost $50,415 $36,180 CPU minutes 40,358 10,469 Legal hours used 236 931 How much is the overhead applied to AUDIT SERVICES using TRADITIONAL COSTING? Write the answer in the box below: IMPORTANT WRITE YOUR ANSWER TO THE CLOSEST 2.DECIMAL POINTS. Lott Company specializes in manufacturing a unique model of a bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10.000 helmets per month (100% of its full capacity). Lou's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $ 9,000 Insurance on factory building 1.500 Raw materials (plastics, polystyrene, etc.) 75,000 Utility costs for factory 900 Supplies for general office 300 Wages for assembly line workers 53,000 Depreciation on office equipment 800 Miscellaneous materials (glue, thread, etc.) 1.100 Factory manager's salary 5.700 Property taxes on factory building 400 Advertising for helmets 14.000 Sales commissions Depreciation on factory building 1.500 10.000 From the data above calculate: 1) Total cost of Direct Materials 2) Total cost of Direct Labor 3) Total period cost 4) Total Manufacturing Overhead cost 5) Total Manufacturing Cost 6) Product Cost per Unit Alami Accounting performs two types of services, Audit and Tax. Alami's estimated overhead costs is $200,000. Currently, Alami is using traditional costing in assigning is overhead cost, which adopts DIRECT LABOR COST as its cost driver basis. More information on the two services is: Audit Tax Direct labor cost $50,415 $36,180 CPU minutes 40,358 10,469 Legal hours used 236 931 How much is the overhead applied to AUDIT SERVICES using TRADITIONAL COSTING? Write the answer in the box below: IMPORTANTH WRITE YOUR ANSWER TO THE CLOSEST 2. DECIMAL POINTS. Alami Accounting performs two types of services, Audit, and Tax. It uses computer support and legal support as its 2 main activity cost pools. CPU minutes and legal hours are being used as the activity cost drivers for the two cost pools respectively. Alami's overhead allocation is done as follows: computer support, $240,095; and legal support, $120,333. More information on the two services is: Audit Tax Direct labor cost $50,448 $100,132 CPU minutes 40,085 10,329 Legal hours used 211 843 Alami Accounting performs tax services for Hassan Kane. Direct labor cost is $1,211; 601 CPU minutes were used, and 1 legal hour was used. What is the total cost of the Kane job using activity-based costing? IMPORTANT!!! MORATE YOUR ANSWER TO THE CLOSEST 2 THE CLOSEST 2 DECIMAL POINTS. Lott Company specializes in manufacturing a unique model of a bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10.000 helmets per month (100% of its full capacity). Lott's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $ 9,000 Insurance on factory building 1.500 Raw materials (plasties, polystyren, etc.) 75,000 Utility costs for factory Supplies for peneral office 300 Wages for assembly line workers 53.000 Depreciation on olfice equipment 800 Miscellaneous materials (glue, thread, etc.) 1.100 Factory manager's salary 5.700 Property taxes on factory building 400 Advertising for helmets 14.000 Sales commissions Depreciation on factory building 1.500 10,000 From the data above calculate 1) Total cost of Direct Materials 2) Total cost of Direct Labor 3) Total period cost 4) Total Manufacturing Overhead cost 5) Total Manufacturing Cost 6) Product Cost per Unit