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cost accounting please show all computations Throughout the course we discussed 3 different methods of costing as they relate to what costs are traced versus

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Throughout the course we discussed 3 different methods of costing as they relate to what costs are traced versus what are assigned to the work-in-process inventories: Actual Costing Normal Costing and Standard Costing Green Corporation makes a product for which the following information is available: Standard unit cost information: Direct materials 5 gallons@ Direct labor 1.5 hours $12 per gallon $20 per hour Other cost and production information Actual hours worked during the year Actual overhead incurred for the year 16,000 hrs $224,000 Budgeted direct labor hours for year Budgeted overhead for year 15,000 hrs $180,000 Actual production for the year Budgeted production for the year: 9,375 units 10,000 units Overhead is applied on the basis of dired-labor hours. Furthermore, the company makes no attempt to distinguish between variable overhead and fixed overhead in applying overhead to production During the year, the company worked on and completed Job 123 which was for 100 units Job 123 was worked on during the entire yearl The actual TOTAL prime costs (NOT per unit) associated with Job 123 were as follows: Direct matals Direct labor 600 gados 160 hours 19.000 1330 1. Using actual.costing the total manufacturing cost of Job 123 would be: 2. Using normal costing the total manufacturing cost of Job 123 would be: 3. Using standard costing, the total manufacturing cost of Job 123 would be: 4. ASSUME that the company had $50,000 in beginning work in process and $90,000 in ending work in process. If total production costs for the period were $1,030,000, how much was the cost of goods manufactured? 5. Based on your answer from the preceding question, what would be the cost of goods sold if the company had finished-goods inventories of $ 70,000 at the start of the year, and $100,000 at year end? OPTIONAL COMPUTATION AREA FOR QUESTIONS 1-5

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