Exercise 4.18. I need step by step methods and/or explanations when applicable. Photo attachment are included in this question. There are 6 parts to exercise 4.18. Please just number the parts from 1-6 when providing a solution with the answer.
Exercise 4.18 Waterway, Inc. finished Job B14 during 2020. The job cost sheet listed the following: Direct materials $65300 Direct labour $35000 Manufacturing overhead applied $23700 Units produced 2500 units Units sold 1900 units How much is the cost of the finished goods on hand from this job? a. $124000 . $94240 $29760 d. $76228 Answer: During 2020 Coronado Manufacturing expected Job 25 to cost $74200 of overhead, $131000 of material, and $25000 in labour. Caruba applied overhead based on direct labour cost. Actual production required an overhead cost of $79400, $141000 in materials used, and $20000 in labour. All of the goods were completed. What amount was transferred to Finished Goods? a. $240400 b. $230200 $220360 d. $210360 Answer: A company expected its annual overhead costs to be $744600 and machine hours to equal 102000 hours. Actual overhead was $743000, and actual machine hours totalled 98000 hours. How much overhead was over or underapplied? . $27600 underapplied b. $29200 underappliedc. $30000 over-applied (1. $1800 underapplied Answer: sheffleld's Manufacturing calculated Its predetermined overhead rate to be 200% of direct materials costs. For the month of July, the company incurred $120500 of raw material costs, of which $90500 were direct materials, and $30000 were indirect materials. Actual overhead incurred was $175400. What would be the debit entry to the Work In Process Inventory account for .'iulyr with respect to manufacturing overhead? a $175400 b. $181000 $241000 $zero, the account should be credited 99 Answer: What journal entry should be made when a job is completed and all costs have been accumulated on a job cost sheet? a. a debit to Finidied Goods Inventory, and a credit to Work in Process Inventory b. a debit to Work in Process Inventory, and a credit to Direct Materials, Direct Labour, and Manufacturing Overhead c. a debit to Finished Goods Inventory and a credit to Direct Materials. Direct Labour, and Manufacturing overhead d. a debit to Cost of Goods Sold Inventory, and a credit to Work in Process Inventory Answer: A company expected its annual overhead costs to be $852550 and machine hours to equal 100300 hours. Actual overhead was $744200, and actual machine hours totalled 96400 hours. How much Is the company's predetermined overhead rate to the nearest cent, assuming overhead Is applied based on machine hours? a. $7.42 b. $8.50 c. $7.72
