ATTACHMENT #1 - I am struggling to understand the attached assignment. Please help with problem 1 & 2. #1: Compute the cost of goods transferred from production to finished goods, and compute the cost of goods sold. #2: Record production activities for May 31 in the Summary Journal Entries table.

ATTACHMENT #2 - Problem 1-2 are finished, but I need help with problem 3-5. Please see attached document A (6) to help compute overhead cost.

BUS-FP4061 - Managerial Accounting Principles Assessment 5: Applying Activity-Based Costing Worksheet Problem 1 Solve the given problem based on the following information. Conglomco Company's overhead costs are as follows: Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) Indirect Materials ($) 325,000 130,000 700,000 250,000 600,000 Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Each production activity can be classified into different levels: Unit level Batch level Product level Facility level Classify the following activities into the appropriate levels. Activity Grinding Sanding Product modification Electrical System calibration Other Overheads ($) Level Unit Level Unit Level Product Level Facility Level Batch Level rinciples Input values Company name Other Overheads ($) 250,000 Conglomco Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) Indirect Materials ($) 325,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches 13,000 13,000 1,500 17,000 400 Indirect Materials ($) Other Overheads ($) 130,000 250,000 Problem 2 Solve the given problem based on the following information. Conglomco Company's overhead costs are as follows: Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) Indirect Materials ($) 325,000 130,000 700,000 Other Overheads ($) 250,000 600,000 Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Compute overhead rates for each activity and create cost pools as appropriate. Round the answers to two decimal places. Activity Grinding Sanding Product modification Electrical System calibration Equation $325,000 / 13,000 = 130,000 / 13,000 = 700,000 / 1,500 = 250,000 / 17,000 = 600,000 / 400 = Overhead rates $25.00 $10.00 $466.66 $14.71 $1,500.00 Input values Company name Other Overheads ($) 250,000 Overhead rates Conglomco Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) Indirect Materials ($) 325,000 130,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches 13,000 13,000 1,500 17,000 400 Indirect Materials ($) Other Overheads ($) 130,000 250,000 Problem 3 Solve the given problem based on the following information. Conglomco Company's overhead costs are as follows: Production Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) 325,000 Activity Grinding Sanding Product modification Electrical System calibration Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Indirect Materials ($) 130,000 700,000 600,000 Job P and Job Q use the following resources: Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q Number of units Job P 200 Job Q 2,500 90 32 5,500 4,375 Given the information in the table above, compute overhead costs for each job. Round the overhead rates to two decimal places. Round all other numbers to the nearest dollar. Activity Grinding Polishing Product modification Providing power System calibration Total cost of job Job P Job Q Input values Company name Other Overheads ($) 250,000 Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration s to the nearest dollar. Job Q Conglomco Indirect Labor ($) 325,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q 90 32 5,500 4,375 Number of units Job P 200 Job Q 2,500 Indirect Materials ($) Other Overheads ($) 130,000 250,000 Resources 13,000 13,000 1,500 17,000 400 Problem 4 Solve the given problem based on the following information. Conglomco Company's overhead costs are as follows: Production Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) 325,000 Indirect Materials ($) Other Overheads ($) 130,000 700,000 250,000 600,000 Activity Grinding Sanding Product modification Electrical System calibration Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Job P and Job Q use the following resources: Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q 90 32 5,500 4,375 Number of units Job P 200 Job Q 2,500 What is the overhead cost per unit for Job P and Job Q? Round the overhead rates and average cost per unit to two decimal places. Round all other numbers to the nearest dollar. Costs Total overhead cost of job / Number of units in job Average overhead cost per unit Job P Job Q Input values Company name Other Overheads ($) 250,000 Conglomco Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) 325,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q Number of units Job P 200 Job Q 2,500 90 32 5,500 4,375 Indirect Materials ($) Other Overheads ($) 130,000 250,000 esources 13,000 13,000 1,500 17,000 400 Problem 5 Solve the given problem based on the following information. Conglomco Company's overhead costs are as follows: Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) 325,000 Indirect Materials ($) Other Overheads ($) 130,000 700,000 250,00 600,000 Resources 13,000 machine hours 13,000 machine hours 1,500 engineering hours 17,000 direct labor hours 400 batches Job P and Job Q use the following resources: Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q 90 32 5,500 4,375 Number of units Job P 200 Job Q 2,500 Compute overhead costs for the units produced for Job P and Job Q. Base the calculation on a plant-wide overhead rate that is based on direct labor hours. Round all answers to the nearest dollar. Activity Plant-Wide Rate Grinding Polishing Product modification Providing power System calibration Total overhead cost Rate per direct labor hour (Total overheads / Direct labor hours) Overhead cost for a job = Total direct labor hours Overhead rate Job P Job Q Average overhead cost per unit = Overhead cost / Units in each job Job P Job Q Input values Company name Other Overheads ($) 250,000 Conglomco Production Activity Grinding Sanding Product modification Electrical System calibration Activity Grinding Sanding Product modification Electrical System calibration Indirect Labor ($) Indirect Materials ($) 325,000 130,000 700,000 600,000 Resources Machine hours Machine hours Engineering hours Direct labor hours Batches Resources Batches Engineering hours Machine hours Direct labor hours Job P 30 26 550 500 Job Q 90 32 5,500 4,375 Number of units Job P 200 Job Q 2,500 13,000 13,000 1,500 17,000 400 Indirect Materials ($) Other Overheads ($) 130,000 250,000 BUS-FP4061 - Managerial Accounting Principles Assessment 4: Production Process and Flow Costs Worksheet Problem 1 Solve the given problem based on the following information. Conglomco Company's inventory records indicate the following information: Conglomco Company Inventories (as of May 31) Inventory Beginning Inventory ($) Ending Inventory ($) Raw materials 7,500 12,750 Goods in process 110,375 126,000 Finished goods 159,500 138,500 Production activities for May (in $) Raw materials (credit purchases) Company payroll cost (cash) Miscellaneous overhead cost (other accounts credited) Material Direct ### Indirect ### Labor Direct ### Indirect ### Overhead rate as a percent of direct labor Sales on credit ### ### 67,500 395,750 21,500 46,750 15,500 176,000 219,750 110% 750,000 Compute the cost of goods transferred from production to finished goods, and compute the cost of goods sold. Cost of Goods Transferred and Cost of Goods Sold Input values Company name Date Conglomco 31-May Conglomco Company Inventories (as of May 31) Inventory Beginning Inventory ($) Ending Inventory ($) Raw materials 7,500 12,750 Goods in process 110,375 126,000 Finished goods 159,500 138,500 Production activities for May (in $) Raw materials (credit purchases) Company payroll cost (cash) Miscellaneous overhead cost (other accounts credited) Materials Direct Indirect Labor Direct Indirect Overhead rate as a percent of direct labor Sales on credit 67,500 395,750 21,500 46,750 15,500 176,000 219,750 110% 750,000 31) nding Inventory ($) 12,750 126,000 138,500 1 1 Problem 2 Solve the given problem based on the following information. Conglomco Company's inventory records indicate the following information: Conglomco Company Inventories (as of May 31) Inventory Beginning Inventory ($) Ending Inventory ($) Raw materials 7,500 12,750 Goods in process 110,375 126,000 Finished goods 159,500 138,500 Production activities for May (in $) Raw materials (credit purchases) 67,500 Company payroll cost (cash) 395,750 Miscellaneous overhead cost (other accounts credited) 21,500 Material Direct ### 46,750 Indirect ### 15,500 Labor Direct ### 176,000 Indirect ### 219,750 Overhead rate as a percent of direct labor 110% Sales on credit ### 750,000 ### Record production activities for May 31 in the Summary Journal Entries table below. Summary Journal Entries A. May 31 Raw Materials Inventory B. May 31 Goods in Process Inventory C. May 31 Factory Overhead D. May 31 Factory Payroll E. May 31 Goods in Process Inventory F. May 31 Factory Overhead G. May 31 Factory Overhead H. May 31 Goods in Process Inventory I. May 31 Finished Goods Inventory J. May 31 Accounts Receivable May 31 Finished Goods Inventory Input values Company name Date Conglomco 31-May Conglomco Company Inventories (as of May 31) Inventory Beginning Inventory ($) Ending Inventory ($) Raw materials 7,500 12,750 Goods in process 110,375 126,000 Finished goods 159,500 138,500 Production activities for May (in $) Raw materials (credit purchases) Company payroll cost (cash) Miscellaneous overhead cost (other accounts credited) Materials Direct Indirect Labor Direct Indirect Overhead rate as a percent of direct labor Sales on credit 67,500 395,750 21,500 46,750 15,500 176,000 219,750 110% 750,000 31) Ending Inventory ($) 12,750 126,000 138,500 1 1