Jezebel, Inc. completed Job 12 and several other jobs in the last week. The cost details of Job 12 are shown below. Direct labor cost $700 Direct materials cost $110 Machine hours 6 hours Direct labor hours 20 hours \\ Predetermined overhead allocation rate per machine hour $87 Number of units of finished product 24 units What is the cost per unit of finished product produced under Job 12? (Round answer to the nearest cent.) - () A. $106.25 () B. $33.75 () C. $66.60 () D. $55.50 The following information is available from Avery Company, a manufacturer of security cameras: Cost of Goods Manufactured $384,750 Total Units Produced 1,350 Number of Units Sold 900 /)/ Cost of Goods Sold $285,000 The unit product cost for a security camera is: $285.00 $316.67 $297.67 o o W P $427.50 AVC Company has finished 200 units with a total standard direct materials costs of $12,000 and total standard conversion costs of $2,500. Under a just - in - time costing system, the journal entry that is recorded for the 200 completed units moved to Finished Goods Inventory is (O A. Finished Goods Inventory 14,500 Conversion Costs 12,000 Accumulated Deprecation 2,500 (O B. Finished Goods Inventory 14,500 Cash 14,500 () C. Conversion Costs 14,500 Accounts Payable 12,000 Accumulated Depreciation 2,500 (O D. Finished Goods Inventory 14,500 Raw and In - Process Inventory 12,000 Conversion Costs 2,500 If a company undertakes a quality improvement program, it would spend an additional $320,000 on raw materials inspection and an additional $240,000 on finish goods inspection. This quality improvement program would save the company $360,000 in rework. What would be the cost or savings of undertaking this quality improvement program? ) (O A. $200,000 in additional costs (O B. $200,000 in savings \\x (O . $920,000 in additional costs (O D. $920,000 in savings Ye Toy Company manufactures children's toys that are related to children's movies. Ye Toy Company uses job order costing. On April 2, Ye Toy Company began lowing direct costs: View the costs. View additional information. Read the requirements. Requirement 1. Prepare a job cost record for Job 423. Calculate the predetermined ov cimal places); then allocate manufacturing overhead to the job. Begin by determining the total amount of direct materials and direct labor incurred on the job. Next, calculate the predetermine te and apply manufacturing overhead to the job. Lastly, compute the total cost of Job 423 and the cost per toy. Job Cost Record Job No. 423 Customer Name Prototype Job Description 5,000 toys Date Promised 4-5 Date Started 4-2 Date Completed 4-3 Direct materials Direct labor Manufacturing overhead allocated Labor Time Requisition Record Date Number Amount Number Amount Date Rate Amount of direct 4-2 ccg labor cost 4-2 $75 Overall Cost Summary N B 656 280 Direct materials Direct labor Manufacturing overhead Allocated Total Job Cost Totals Cost per Toy Requirement 2. Journalize in summary form the requisition of direct materials, the assignment of direct labor, and the allocation of manufacturing overhead to Job 423. Wages are not yet paid. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by journalizing the use of direct materials. Date Accounts Apr. 3 Additional information - X Next, journalize the use of direct labor Date Accounts Debit Credit Apr 3 We Toy Company allocates manufacturing overhead to jobs base $450,000. Job 423 was completed and shipped on April 3. Now journalize the allocation of overhead to Job 423 Print Done X Costs Date Accounts Debit Credit APL 3 Labor Time Record No. Description Amount 4/02 655 10 hours @ $16 per hour $ 160 - X 4/03 656 20 hours @ $14 per hour Requirements Materials Requirement 3. Journalize completion of the job and the sale of the 5,000 toys on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Requisiti Begin by preparing the entry to show the completion of the job. . Prepare a job cost record for Job 423. Calculate the predetermined overhead Date Description Amount ocation rate (round to two decimal places); then allocate manufacturing 4/02 63 31 lbs. polycarbonate plastic @ $12 per lb. $ 372 Date Accounts Credit overhead to the job. 4102 25 lbs. acrylic plastic @ $27 per lb. 675 Apr. 3 2. Journalize in summary form the requisition of direct materials, the assig 4103 of direct labor, and the allocation of manufacturing overhead to Job 423. 3 lbs. refined aluminum @ $48 per 144 Wages are not yet paid. 3. Journalize completion of the job and the sale of the 5,000 toys on account. Print Done Next, journalize the revenue portion of the sale of Job 423. Date Accounts Credit Print Done Apr. Finally, journalize the cost of goods portion of the sale Date Accounts Apr. 3Clinton Manufacturing uses a predetermined overhead allocation rate based on direct labor costs. The following are the details of production during the year: Total manufacturing overhead costs estimated at the beginning of the year $150,000 Total direct labor costs estimated at the beginning of the year $330,000 Total direct labor hours estimated at the beginning of the year 11,000 direct labor hours lg Actual manufacturing overhead costs for the year $160,000 Actual direct labor costs for the year $370,000 Actual direct labor hours for the year 10,800 direct labor hours Calculate the amount of manufacturing overhead costs allocated to production. (Round any percentages to two decimal places and the final answer to the nearest dollar.) O A. $179,394 O B. $150,000 ) . $160,000 O D. $168,165 Bag Ladies, Inc. manufactures two kinds of bagstotes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $25,750. Additional estimated information is given below. Totes Satchels Direct materials cost per unit $33 $42 Direct labor cost per unit $52 $62 Number of units 520 380 Calculate the amount of overhead to be allocated to Totes. (Round any percentages to two decimal places and your final answer to the nearest dollar.) - O A. $495 O B. $11,990 O C. $13,761 O D. $362 Bean Brewers, Inc., a manufacturer of coffee makers, had the following activities, allocated costs, and allocation bases: Activities Allocated Costs Allocation Base Account inquiry (hours) $80,000 2,200 hours Account billing (lines) $43,000 15,000 lines Account verification (accounts) $19,000 27,000 accounts Correspondence (letters) $14,000 1,400 letters The above activities are carried out at two of its regional offices. Activities Northeast Office Midwest Office Account inquiry (hours) 120 hours 200 hours Account billing (lines) 16,000 lines 9,000 lines Account verification (accounts) 1,100 accounts 650 accounts Correspondence (letters) 90 letters 100 letters How much of the correspondence cost will be assigned to the Northeast Office? (Round any intermediate calculations to the nearest cent and final answer to the nearest dollar.) A. $900 O B. $6,500 C. $11,000 D. $1,000 Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 8,000 units during the year. The company has provided the following information: Sales Revenue $567,000 Purchases (excluding Freight In) 304,000 Selling and Administrative Expenses 68,000 q Freight In 15,000 Beginning Merchandise Inventory 46,000 Ending Merchandise Inventory 42,000 What is the operating income for the year? (Round your answer to the nearest whole dollar.) O A. $499,000 O B. $244,000 O . $176,000 O D. $323,000 The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October: Account Debit Raw Materials Inventory $32,000 \\ 0 Work - in - Process Inventory 44,000 Finished Goods Inventory 51,000 Manufacturing Overhead 21,000 During the month, direct materials amounting to $23,000 and indirect materials amounting to $6,000 were issued to production. What is the ending balance in the Work - in - Process Inventory account following these two transactions? O A. $7,000 O B. $27,000 O C. $44,000 O D. $67,000 Miller Products manufactures dining room tables. Miller's production operations are divided into two departments Department A and Department B. The company uses a process costing system. Miller incurred the following costs during the year to produce 11,000 tables: Department A $754,000 Department B 378,400 \\ \\ If Miller sells 10,400 tables during the year, what will be the cost per table produced? (Round answer to two decimal places.) . $108.88 . $102.95 . $72.50 . $68.55 Cougar Manufacturing Company completed jobs that cost $53,000 to produce. In the same period, the company sold jobs for $110,000 that cost $50,000 to produce. Prepare the journal entries for the completion and sales of the jobs. All sales are on account. Omit explanation. Assume the perpetual inventory system is used. (Record debits first, then credits.) Completed production on jobs with costs of $53,000. I Accounts Debit Credit Sold inventory on account, $110,000 that cost $50,000 to produce. Begin by recording the revenue from the sales on account. Do not record the expense related to the sale in this journal entry. We will do that in the next step. Accounts Debit Credit Now record the expense related to the sale. Accounts Debit Credit Bailey Snack Company manufactures gourmet dips along with potato chips flavored with Cajun spices. The market price for similar chips is $9. The management of the company desires a 35% net profit margin. The current costing data relating to this product are as follows. Direct materials $ 3.00 Direct labor 6.00 % Manufacturing overhead 3.75 \\ Nonmanufacturing costs 0.50 Determine if Bailey's current full-product costs meet its target cost. (Enter the target cost to two decimal places, $X.XX.) The target cost is Has Bailey meet its current target cost? Brandon, Inc. completed manufacturing Job 11. It included $5,700.00 of direct materials cost, $1,300.00 of direct labor cost, and $700.00 of allocated manufacturing overhead. Which of the following is the correct journal entry needed to record the completed job? () A. Work - in - Process Inventory 7,700 Finished Goods Inventory 7,700 (O B. Finished Goods Inventory 7,700 Cost of Goods Sold 7,700 (O C. Finished Goods Inventory 7,700 Work - in = Process Inventory 7,700 (O D. Work - in - Process Inventory 7,000 Cost of Goods Sold 7,000 Neptune Fabrication Plant has provided you with the following information: the year $250,000 Total direct labor costs estimated at the beginning of the year $125,000 Total direct labor hours estimated at the beginning of the year 5,000 direct labor hours Total manufacturing overhead costs estimated at the beginning of \\ E Actual manufacturing overhead costs for the year $245,000 Actual direct labor costs for the year $135,000 Actual direct labor hours for the year 4,800 direct labor hours The company bases its manufacturing overhead allocation on direct labor hours. What was the unadjusted ending balance in the Manufacturing Overhead account? () A. $5,000 credit balance () B. $25,000 credit balance () C. $5,000 debit balance () D. $25,000 debit balance Based on the following information, prepare a Schedule of Cost of Goods Manufactured and a multi-step Income Statement for BlueBox Company for the year ended December 31, 2026. View the information. Prepare a Schedule of Cost of Goods Manufactured for BlueBox for the year ended December 31, 2026. BlueBox Company 16 Schedule of Cost of Goods Manufactured Year Ended December 31, 2026 Total Manufacturing Costs Incurred during the year Total Manufacturing Costs to Account For - X Data Cost of Goods Manufactured Prepare a multi-step Income Statement for BlueBox for the year ended December 31, 2026. Beginning Work-in-Process Inventory, January 1 $ 35,000 Ending Work-in-Process Inventory, December 31 52,000 BlueBox Beginning Finished Goods Inventory, January 1 65,000 Income Statement Year Ended December 31, 2026 Ending Finished Goods Inventory, January 31 10,000 Net Sales Revenue 1,900,000 Revenue: Selling and Administrative Expense 510,000 Direct Labor 330,000 Cost of Goods Sold: Manufacturing Overhead; actual and allocated 480,000 Direct Materials Used 240,000 Income Tax Expense 65,000 Cost of Goods Available for Sale Cost of Goods Sold Print Done Gross Profit Operating Income Operating IncomeEco - Eliminator Manufacturing produces a chemical pesticide and uses process costing. There are three processing departmentsMixing, Refining, and Packaging. On January 1, the first departmentMixingnhad no beginning inventory. During January, 44,000 fl. oz. of chemicals were started in production. Of these, 36,000 fl. oz. were completed, and 8,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted average method is used. At the end of January, the equivalent unit data for the Mixing Department were as follows: UNITS Equivalent Units Equivalent Units Units accounted for Direct Materials Costs Conversion Costs \\/\\ Completed and transferred 36,000 36,000 36,000 Ending work - in - process* 8,000 8,000 3,200 44,000 44,000 39,200 * Percent complete for conversion costs: 40% In addition to the above, the costs per equivalent unit were $1.30 for direct materials and $6.50 for conversion costs. Using this data, calculate the cost of the units that were transferred out of the Mixing Department and into the Refining Department. . $280,800 . $187,200 . $234,000 . $46,800 Reliable Car Parts, a manufacturer of spare parts, has two production departmentsAssembling and Packaging. The Assembling Department is mechanized, while the Packaging Department is labor oriented. Estimated manufacturing overhead costs for the year were $16,500,000 for Assembling and $12,200,000 for Packaging. Calculate the department predetermined overhead allocation rates for the Assembling and Packaging Departments, respectively, if the total estimated machine hours were 44,000 and labor hours were 25,000 for the year. (Round your answer to the nearest cent.) . $375.00, $488.00 % $277.27, $660.00 \\ $375.00, $660.00 . $660.00, $277.27 @EEEE) Garcia Manufacturing has two processesColoring and Mixing. The company assigned $300,000 to the 3,000 gallons of paint transferred from the Mixing Department to Finished Goods Inventory. The journal entry to record this assignment of cost is ) (O A. debit Finished Goods Inventory, $300,000; credit Work - in Process InventoryMixing, $300,000 K (O B. debit Finished Goods Inventory, $300,000; credit Cost of Goods Sold, $300,000 () C. debit Cost of Goods Sold, $300,000; credit Finished Goods Inventory, $300,000 (O D. debit Work in - Process InventoryMixing, $300,000; credit Finished Goods Inventory, $300,000 The Sanding Department of TopNotch Manufacturing, Inc. had 131,000 pounds of materials to account for in December. Of the 131,000 pounds, 120,000 pounds were completed and transferred to the Packaging Department, and the remaining 11,000 pounds were 10% complete. The materials required for production are added at the beginning of the process. Conversion costs are added evenly throughout the sanding process. The weighted-average method is used. Calculate the total equivalent units of production for direct materials and conversion costs. TopNotch Manufacturing, Inc. D Production Cost Report - Sanding Department (Partial) Month Ended December 31 Equivalent Units Direct Conversion UNITS Physical Units Materials Costs Units accounted forCompleted and transferred out Units accounted forEnding work-in-process Total units accounted for The following information was obtained from Johnson Manufacturing, Inc.: Advertising Costs $12,900 Indirect Labor 62,000 CEOQO's Salary 780,000 Direct Labor 59,000 Indirect Materials Used 7,400 Direct Materials Used 62,000 Factory Utilities 110 Factory Janitorial Costs 2,500 Manufacturing Equipment Depreciation 3,000 Delivery Vehicle Depreciation 1,800 Administrative Wages and Salaries 27,000 Calculate Johnson Manufacturing's manufacturing overhead costs. $84,910 $821,700 $75,010 o o6 W P $197,810