Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a...
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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 i direct labor and how much is manufacturing overhead.) Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values. Direct materials used Case 1 12,000 Case 2 Case 3 14,400 Direct labor 20,000 Manufacturing overhead applied 11,000 Total current manufacturing costs 27,000 30,000 Beginning work in process inventory 8,900 7,500 Ending work in process inventory 5,800 9,300 Cost of goods manufactured 45,000 5,001 Beginning finished goods inventory 3,500 10,300 Ending finished goods inventory 7,200 6,600 Cost of goods sold 39,000 39,000 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 i direct labor and how much is manufacturing overhead.) Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values. Direct materials used Case 1 12,000 Case 2 Case 3 14,400 Direct labor 20,000 Manufacturing overhead applied 11,000 Total current manufacturing costs 27,000 30,000 Beginning work in process inventory 8,900 7,500 Ending work in process inventory 5,800 9,300 Cost of goods manufactured 45,000 5,001 Beginning finished goods inventory 3,500 10,300 Ending finished goods inventory 7,200 6,600 Cost of goods sold 39,000 39,000
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Lets solve each case independently Case 1 Well start by calculating the missing amounts 1 Direct materials used 12000 2 Direct labor 20000 3 Manufactu... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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