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fill in just the yellow fields and explain please Month of January Selected information for January is presented below. Note that the applied overhead rate
fill in just the yellow fields and explain please
Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 3,400 figurines at a cost of $71,304,00. Of this amount, $5,304,00 was from raw materials added, $44,000.00 for labor and $22,000,00 for overhead. These 3,400 figurines were assumed to be 80.00% complete as to labor and overhead. During January, 25,000 units were started, $40,704,00 of materials and $32,580.00 of labor costs were incurred. The 3,500 figurines that were in-process at the end of January were assumed to be 70.00% complete to labor and overhead. All fgurines in January passed inspection. {12.03} (12.04) (12.05) 12.05) 12.07) (12.08\} (12.09) (12.10) {12.11} To keep records of the actual cost of a special order job, a Job Order Cost System has been developed. Overhead is applied at the rate of 50% of the direct labor cost. Job Onder Costing Section On January 1,202, Division $ began Job 2407 for the Cient, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 05.Jan Purchased 4,125 Lamp Kits Q $16.65 per kit. 09-Jan 4,250 sets of Lamp Kits were requisitioned. 17 Jan Payroll of 630 Drect Labor Hours (8) $9.45 per hour. 30-Jan Payroll of 680 Direct Labor Hours \& $9.70 per hour. 30 - Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped, and are a cost of normal processing. Round to two places. Sun ung (13.01) Cost of (1302) [13.03) Cost of (1304) Step by Step Solution
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