**Must Be Able to Complete All Questions**

A) For Eckstein Company, the predetermined overhead rate is 138% of direct labor cost. During the month, Eckstein incurred $100,000 of factory labor costs, of which $80,100 is direct labor and $19,900 is indirect labor. Actual overhead incurred was $114,538.

Compute the amount of manufacturing overhead applied during the month.

B) A job order cost sheet for Ryan Company is shown below.

(a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job?

Balance in Work in Process Inventory on January 1: $____________

(2) If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? (Round answers to 0 decimal places, e.g. 55%.)

(B) Prepare summary entries at January 31 to record the current years transactions pertaining to Job No. 92

C) At May 31, 2017, the accounts of Lopez Company show the following.

1.		May 1 inventoriesfinished goods $ 12,900 , work in process $ 14,800 , and raw materials $ 8,900 .
2.		May 31 inventoriesfinished goods $ 9,700 , work in process $ 19,000 , and raw materials $ 7,400 .
3.		Debit postings to work in process were direct materials $ 64,500 , direct labor $ 52,600 , and manufacturing overhead applied $ 42,000 .
4.		Sales revenue totaled $ 216,600.

Prepare a condensed cost of goods manufactured schedule.

Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg. bal. Jan. 1 7,000 7,960 5,572) 7,960 9,200 7,360 2,900 4,000 21,160 3,200 16,132 17,860 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($55,152 + 2,000) $17,860 21,160 16,132 $55,152 $27.58 Debit Credit Date Account Titles and Explanation Jan. 31 (To record raw materials used) 31 (To record factory labor used) 31 (To record manufacturing overhead) (To record job completed) LOPEZ COMPANY Cost of Goods Manufactured Schedule