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Marigold Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each order is unique, Marigold uses a job
Marigold Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each order is unique, Marigold uses a job order costing system. During the month of June, Marigold worked on orders for three churches: Faith Church, Grace Church, and Hope Church. Production on the Faith and Grace orders began in May, and the Faith job was completed in June. Production on the Hope order began in June and was incomplete at the end of the month. Marigold applies overhead to each job based on machine hours. Prior to the year, managers had estimated manufacturing overhead at $1,000,000, along with 25,000 machine hours. Additional cost information related to the three orders is as follows: Faith Hope Beginning balance, June 1 Direct materials, June Direct labor, June Manufacturing OH, June Machine hours, June $4,000 $8,400 $14,000 Grace $2,700 $6,200 $6,900 $3,600 $5,600 ? 1,500 ? ? 2,200 1,500 Your answer is correct. What is Marigold's predetermined overhead rate? 40 Predetermined overhead rate / machine hour e Textbook and Media Attempts: 1 of 3 used (b) Your answer is correct. How much manufacturing overheadshould Marigoldannly teachiob for lune? TION Candiacuum Circau shuuumar gulu apply to caci JOTUN Junc: Manufacturing overhead Faith $ 88000 Grace 60000 $ 60000 Hope $ e Textbook and Media Attempts: 1 of 3 used (c) X Your answer is incorrect. What is the balance in Marigold's Work in Process Inventory account at the end of June? Balance in work in process inventory account 264600 $
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