Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that
Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.)
Case A | Case B | ||||||
---|---|---|---|---|---|---|---|
Direct materials used | __________ | $93,400 | |||||
Direct labor | 56,000 | 146,100 | |||||
Manufacturing overhead applied | 44,800 | _____________ | |||||
Total manufacturing costs | 150,150 | _____________ | |||||
Work in process 1/1/20 | __________ | 16,800 | |||||
Total cost of work in process | 205,900 | ______________ | |||||
Work in process 12/31/20 | _____________ | 15,400 | |||||
Cost of goods manufactured | 194,300 | ____________ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started