Question
Beaver Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Treating
Beaver Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Treating each case independently, find the missing amounts and fill in the amounts in the boxes below. Enter your answer as $xx,xxx
|
| Case #1 | Case #2 | Case #3 |
| Direct materials used | $20,000 |
| $10,000 |
| Direct labor | $25,000 |
|
|
| Manufacturing overhead applied |
| $45,000 |
|
| Total manufacturing costs |
| $95,000 | $35,000 |
| Beginning Work in Process | $10,000 |
| $6,000 |
| Ending Work in process | $8,000 | $10,000 |
|
| Cost of goods manufactured |
| $93,000 | $36,000 |
| Beginning Finished Goods | $12,000 | $12,000 |
|
| Ending Finished Goods | $15,500 |
| $4,000 |
| Cost of goods sold (unadjusted) |
| $91,000 | $37,000 |
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
