Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent labor cost. Required: Treating each

image text in transcribed
image text in transcribed
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how mu direct labor and how much is manufacturing overhead.) (Do not round your intermediate calculations. Round your final ar the nearest whole dollar. Enter all amounts as positive values.) Case 1 18,000 Case 2 Case 3 11,700 15,000 13,000 28,000 33,000 8,200 8,200 Direct material used Direct labor Manufacturing overhead applied Total current manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Ending finished goods inventory Cost of goods sold 5,900 9,700 49,000 10,800 3,001 3,500 8,200 5,500 34,000 37,000 Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values.) Case 2 Case 1 18.000 15,000 Case 3 11,700 13,000 28,000 33.000 8.200 Direct material used Direct labor Manufacturing overhead applied Total current manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Ending finished goods inventory Cost of goods sold 8.200 5,900 9.700 49,000 10.800 3,001 3,500 8,200 5,500 34.000 37,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

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

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions