Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Badlands Manufacturing allocates manufacturing overhead using a predetermined overhead allocation rate of 40% of direct labor cost. Badlands Manufacturing reported the following materials requisitions for

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Badlands Manufacturing allocates manufacturing overhead using a predetermined overhead allocation rate of 40% of direct labor cost. Badlands Manufacturing reported the following materials requisitions for direct materials for Jobs 47, 48, and 49 during the month of March: (Click the icon to view the materials requisitions.) Badlands Manufacturing's employees submitted the following labor time records related to Jobs 47, 48, and 49 for the month of March: F: (Click the icon to view the labor time records.) Requirement Complete the job cost records for Jobs 47, 48, and 49, assuming all three jobs were started and completed during March. Round all calculations to the nearest dollar. Complete the job cost record for Job 47. (Round to the nearest dollar. Only complete the necessary input fields. Leave unused input fields blank.) JOB COST RECORD Job Number 47 Direct Materials Manufacturing Overhead Requisition Number Direct Labor Labor Time Record Number Amount Date Amount Date Date Rate Amount Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Cost Data Table - X Requisition Number Job Number Date Amount 3/02 48 $ 254 255 256 3/05 3/12 49 1,200 800 600 47 49 450 3/16 3/21 3/26 257 258 48 375 259 47 250 Print Done i - X Data Table Labor Time Record Job Job Date Employee Number Nbr. Hours Amount Nbr. Hours Amount 3/15 Adams 62 47 16 $ 160 48 12 $ 120 3/15 Benton 63 47 22 264 49 18 216 3/15 Carson 64 48 15 270 49 18 324 3/31 Adams 65 48 10 100 49 6 60 3/31 Benton 66 47 15 180 48 18 216 3/31 Carson 67 47 18 324 49 10 180

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

An Introduction To Statistical Sampling In Auditing

Authors: Dan M. Guy

1st Edition

0471042323, 978-0471042327

More Books

Students also viewed these Accounting questions

Question

Evaluating Group Performance?

Answered: 1 week ago