Chrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Wed Sep 14 6:08 PM O . . DSS 210 DSS 200 Managerial Acc sju Macro Financial Acc Extra GP CL Ga * APOH + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew... Update 141300 G sixers - Google Se... C +/ _ Chapter 7 HW Problems i Saved Help Save & Exit Submit 7 8 9 X 2 Whitlock Manufacturing uses a job costing accounting system for its production costs. The company uses a predetermined 17 5 6 overhead rate based on direct materials costs to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows: T 2 3 + Direct materials costs $ 301, 500 $ 400, 900 $ 501, 500 Variable overhead costs $ 434, 160 $ 578 , 160 $ 722 , 160 Fixed overhead costs 384 , 000 384 , 000 384 , 000 O Total overhead $ 818, 160 $ 962 , 160 $ 1, 106, 160 Whitlock expects to spend $400,900 in direct materials costs over the entire year. The following information is for May, when Jobs WM-52 and WM-53 were completed: Inventories, May 1 Materials and supplies $ 2, 620 Work in process (Job WM-52) 13 , 600 Finished goods 28, 200 Purchases of materials and supplies Materials 33 , 900 Supplies 3 , 820 Materials and supplies requisitioned for production Job WM-52 $ 11 , 400 Job WM-52 9 , 420 Job WM-54 6, 420 Supplies 1, 520 $ 28 , 760 Factory direct labor-hours (DLH) Job WM-52 900 DLH Job WM-53 750 DLH Job WM-54 500 DLH Labor costs Direct labor wages (all hours @ $23.00) $ 49 , 450 Mc Graw Hill T - 1 - 9 14[I Chrome File Edit View History Bookmarks Profiles Tab Window Help . Wed Sep14 6:08PM .. i m l I- i an e sixers - Google S Chapter 7 HW Problems 3 Saved Help Save & Exit Submit Factory direct labor-hours (DLH) Job WM52 900 DLH Job (11453 750 DLH Job WM-54 500 DLH Labor costs Direct labor wages (all hours 8 $23.00) $ 49,450 Indirect labor wages (500 hours) 8,500 Supervisory salaries 9,020 Building occupancy costs (heat, light, depreciation, etc.) 08 05 PM Factory facilities $ 22,600 ' Sales and administrative offices 10,600 Factory equipment costs Power 5. 12,100 Repairs and maintenance 3,520 Other 11 , 600 $ 32,220 Required: a. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individualjobs during the year (Note: Regardless of your answer to requirement [6], assume that the predetermined overhead rate is 225% ofdirect materials cost. Use this rate in answering requirements [b] through m, as needed.) b. Compute the total cost of Job WM-52 when it is finished. c. How much offactory overhead cost was applied to Job WM-54 during May? d. What total amount of overhead was applied tojobs during May? e. Compute actual factory overhead incurred during May. f. At the end of the year, Whitlock Manufacturing had the following account balances: Underapplied overhead $ 4 B , 200 Workinprocess inventory 20, 000 Finished goods inventory 177,300 Cost of goods sold 1,806,900 Mc - 1 Graw Hill T - 1 - 9 14 O "tvChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Wed Sep 14 6:08 PM O . . DSS 210 DSS 200 Managerial Acc sju Macro Financial Acc Extra GP CL Ga * POHOZ + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew... Update 141300 G sixers - Google Se... C +/ _ Chapter 7 HW Problems i Saved Help Save & Exit Submit 7 9 X c. How much of factory overhead cost was applied to Job WM-54 during May? 2 d. What total amount of overhead was applied to jobs during May? A 5 6 e. Compute actual factory overhead incurred during May. f. At the end of the year, Whitlock Manufacturing had the following account balances: 1 2 3 + Underapplied overhead $ 48, 200 Work-in-process inventory 20 , 000 Finished goods inventory 177 , 300 O Cost of goods sold 1, 806, 900 2022-0...08.06 PM Assuming that the underapplied overhead is not material, show the new account balances in the following table. Complete this question by entering your answers in the tabs below. Screen Shot 2022-0...08.26 PM Required A Required B Required C Required D Required E Required F Compute the total cost of Job WM-52 when it is finished. The total cost of Job WM-52 Mc Graw Hill T - 1 - 9 14 O "tvChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Wed Sep 14 6:08 PM O . . DSS 210 DSS 200 Managerial Acc sju Macro Financial Acc Extra GP CL Ga * POHOZ + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew... Update 141300 G sixers - Google Se... C +/ _ Chapter 7 HW Problems i Saved Help Save & Exit Submit 7 9 X c. How much of factory overhead cost was applied to Job WM-54 during May? 2 d. What total amount of overhead was applied to jobs during May? A 5 6 e. Compute actual factory overhead incurred during May. f. At the end of the year, Whitlock Manufacturing had the following account balances: 1 2 3 + Underapplied overhead $ 48, 200 Work-in-process inventory 20 , 000 Finished goods inventory 177 , 300 O Cost of goods sold 1, 806, 900 2022-0...08.06 PM Assuming that the underapplied overhead is not material, show the new account balances in the following table. Complete this question by entering your answers in the tabs below. Screen Shot 2022-0...08.26 PM Required A Required B Required C Required D Required E Required F How much of factory overhead cost was applied to Job WM-54 during May? Factory overhead cost of Job WM-54 Screen Shot 2022-0...08.30 PM Screen Shot 2022-0...08.33 PM Mc Graw Hill T - 1 - 9 14 O "tvChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Wed Sep 14 6:08 PM O . . DSS 210 DSS 200 Managerial Acc sju Macro Financial Acc Extra GP CL Ga * APOH + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew... Update 141300 G sixers - Google Se... C +/ _ Chapter 7 HW Problems i Saved Help Save & Exit Submit 7 9 X c. How much of factory overhead cost was applied to Job WM-54 during May? 2 d. What total amount of overhead was applied to jobs during May? A 5 6 e. Compute actual factory overhead incurred during May. f. At the end of the year, Whitlock Manufacturing had the following account balances: 1 2 3 + Underapplied overhead $ 48, 200 Work-in-process inventory 20, 000 Finished goods inventory 177 , 300 O Cost of goods sold 1, 806, 900 2022-0...08.06 PM Assuming that the underapplied overhead is not material, show the new account balances in the following table. Complete this question by entering your answers in the tabs below. Screen Shot 2022-0...08.26 PM Required A Required B Required C Required D Required E Required F What total amount of overhead was applied to jobs during May? Total amount of overhead $ 60,980 Screen Shot 2022-0...08.30 PM Required C Required E > Screen Shot 2022-0...08.33 PM Screen Shot Mc 2022-0...08.47 PM Graw Hill T - 1 - 9 14 O "tvChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Wed Sep 14 6:08 PM O . . DSS 210 DSS 200 Managerial Acc sju Macro Financial Acc Extra GP CL Ga * APOH + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew... Update 141300 G sixers - Google Se... C +/ _ Chapter 7 HW Problems i Saved Help Save & Exit Submit 7 9 X c. How much of factory overhead cost was applied to Job WM-54 during May? 2 d. What total amount of overhead was applied to jobs during May? A 5 6 e. Compute actual factory overhead incurred during May. f. At the end of the year, Whitlock Manufacturing had the following account balances: 1 2 3 + Underapplied overhead $ 48, 200 Work-in-process inventory 20 , 000 Finished goods inventory 177 , 300 O Cost of goods sold 1, 806, 900 2022-0...08.06 PM Assuming that the underapplied overhead is not material, show the new account balances in the following table. Complete this question by entering your answers in the tabs below. Screen Shot 2022-0...08.26 PM Required A Required B Required C Required D Required E Required F Compute actual factory overhead incurred during May. Actual factory overhead incurred Screen Shot 2022-0...08.30 PM Screen Shot 2022-0...08.33 PM Mc Graw Hill T - 1 - 9 14 O "tvChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Wed Sep 14 6:08 PM O . . DSS 210 DSS 200 Managerial Acc sju Macro Financial Acc Extra GP CL Ga * APOH + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnew... Update 141300 G sixers - Google Se... C +/ _ Chapter 7 HW Problems i Saved Help Save & Exit Submit 7 9 X L. FIUV IIIULII VI laCLULy UVEItau LUSI Vas appIty LU JUN VVIVI-J4 UUIIlly IVIay : d. What total amount of overhead was applied to jobs during May? 2 e. Compute actual factory overhead incurred during May. A 5 6 f. At the end of the year, Whitlock Manufacturing had the following account balances: Underapplied overhead $ 48, 200 1 2 3 + Work-in-process inventory 20 , 000 Finished goods inventory 177 , 300 Cost of goods sold 1, 806,900 O Assuming that the underapplied overhead is not material, show the new account balances in the following table. 2022-0...08.06 PM Complete this question by entering your answers in the tabs below. Screen Shot 2022-0...08.26 PM Required A Required B Required C Required D Required E Required F Assuming that the underapplied overhead is not material, show the new account balances in the following table. Underapplied overhead Screen Shot Work-in-process inventory 2022-0...08.30 PM Finished goods inventory Cost of goods sold Required E Required F > Screen Shot 2022-0...08.33 PM Mc Graw Hill T - 1 - 9 14