need help for part 8

QUESTION 1 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing (no indirect materials used). You will be keeping track of the costs incurred to manufacture the tables using Job #1 Cost Sheet and Job #2 Cost Sheet. pport The cost of the direct materials that can be used to manufacture the table are as follows. These cost are on a per unit basis. Table Top $1,700.00 Table Leg $500.00 Drawer $370.00 The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours. The company estimates that there will be 12 direct labor hours worked during the month. a. The estimated manufacturing overhead cost for the month is: Factory supervisor salary per month b. Rent for the factory per month Depreciation of factory equipment per month Total Estimated manufacturing overhead $3,500.00 $1,300.00 $600.00 $5,400.00 C. What is the predetermined manufacturing overhead rate? Step 2 Step 3 The first order you received was to manufacture a table using a table top and four legs. This is your Job #1. The customer that has ordered Job #2, wants a table that is the same as Job #1, but wants to also add a drawer to the table. The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: Accounts Receivables, Raw materials, Work in process, Finished goods, Accumulated depreciation, Accounts payable, Salaries and wages Step 4 Save All Answe Click Save and Submit to save and submit. Click Save All Answers to save all answers. w O Type here to search lp * Question Completion Status: The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: Accounts Step 4 Receivables, Raw materials, Work in process, Finished goods, Accumulated depreciation, Accounts payable, Salaries and wages payable, Sales revenue, Manufacturing overhead, Cost of goods sold, Salaries and wages expense, Advertising expenses, and Depreciation expense. 1-Dec Raw Materials purchased on account, $17,000. 5-Dec All Raw Materials needed for Job #1 were requisitioned from the material storage for use during the month. Assume all materials are direct. (After you journalize this entry please enter the information into Job #1 Cost Sheet) 10-Dec The following employee costs were incurred but not paid during the month: There are three assembly employees that spend 2 hours each, $35 per hour to make the table for Job #1. (After you journalize this entry please enter the information into Job #1 Cost Sheet) Salary for supervisor of the factory $4,000. Administrative Salary $2,000. 15-Dec All Raw Materials needed for Job #2 were requisitioned from the material storage for use during the month. Assume all materials are direct. (After you journalize this entry please enter the information into Job #2 Cost Sheet) 16-Dec Rent for the month of December for the factory building incurred but not paid $1,300. 17-Dec Advertising costs incurred but not paid for the month was $1,400. 20-Dec Depreciation for the month of December was recorded on equipment was $750 ($150 for equipment used in the factory and the remainder for equipment used in selling and administrative activities). 22-Dec Manufacturing overhead cost was applied based on direct labor hours to job #1 based on the POHR determined on the "Job Cost Sheet". (After you journalize this entry please enter the information into Job #1 Cost Sheet) 26-Dec Job #1 was completed and transferred to Finished Goods during the month. 28-Dec The completed table from Job #1 was sold on account to the customer for $22,000 daring the month. (Hint: Make sure to account for the cost of the table that was sold using the cost from the job cost sheet.) Save Al Click Save and Submit to save and submit. Click Save All Answers to save all answers. ? ype here to search 28-Dec The completed table from Job #1 was sold on account to the customer for $22,000 during the month. (Hint: Make sure to account for the cost of the table that was sold using the cost from the job cost sheet.) 31-Dec Direct labor cost incurred but not paid for three employees to start manufacturing Job #2. The employees only worked one hour each, three hours total, $35 per hour during the month and they did not complete their work on the job. (After you journalize this entry please enter the information into Job #2 Cost Sheet) 31-Dec Manufacturing overhead cost was applied based on direct labor hours to Job #2 based on the POHR. Only three direct labor hours were worked on Job #2 during the month. (After you journalize this entry please enter the information into Job #2 Cost Sheet) 31-Dec Any underapplied or overapplied overhead for the month was closed out to Cost of Goods Sold. Step 5 Post the journal entries that you recorded on the "General Journal" tab to the "T-accounts" tab. This is the company's first month of business, so there will not be any beginning balances. Compute the balance for each T-account after all of the entries have been posted. Step 6 Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold on the "Schedule of COGM and COGS" tab for Job #1 and Job #2 that were worked on during the month by the company. Make sure to follow the format noted in your book (pg. 87). (Hint: This is the company's first month of operations and therefore the beginning balances will be zero.) Step 7 Prepare an Income Statement for the month using the Traditional Format on the "Income Statement" tab. Step 8 Answer the additional questions below Check Figure: Cost of Goods Manufactured= $6,610, Net operating income-$9,990 What is the ending balance for raw materials? What is the ending balance for work in process? What is the ending balance for finished goods? What is the actual manufacturing overhead cost incurred during December before adiustment? Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers. Bi search Check Figure: Cost of Goods Manufactured= $6,610, Net operating income=$9,990 What is the ending balance for raw materials? What is the ending balance for work in process? What is the ending balance for finished goods? What is the actual manufacturing overhead cost incurred during December before adjustment? What is the total applied manufacturing overhead cost during December before adjustment? What is the unadjusted cost of goods sold? Was the manufacturing overhead for the month of December overapplied/underapplied ? What is the amount of Manufacturing overhead overapplied/underapplied? What is the adjusted cost of goods sold? What is gross margin? What is the total prime cost for Job#1? What is the total conversion cost for job #1? What is the total product cost for job#1? What was the period cost incurred for the month of December? What is the total variable cost incurred for Job #1(assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)? What is the contribution margin for Job #1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)? What would be the actual (not applied) total fixed manufacturing overhead cost incurred for the company for the month if the order in Job #1 is for five tables instead of one table assuming this cost is with in the relevant range? Save All A Click Save and Submit to save and submit. Click Save All Answers to save all answers, o BI ype here to search SS100/12 Hours S 450 Step-1 Dredetermined Overhead Rate Estimated Overhead/Allocation Base Date Account Debit Dec Credit 17.000 Dec,200 Dec 134,070 Debit Credit $ 17.000 Dec Dec 17 000 Raw Material Accounts Payable (Purchase of Row Material Ending 1119,210 $ 3.700 Dec 5 Dec s $ 3.700 Actual Work in Process Inventory $1,700-55004) Raw Material inventory Requisition of direct and indivect mat) $ 5 5 210 4,000 2.000 Work in Process Debit Credit Dec 5 $ 3.700 Dec 26 16,610 Dec 2013 210 Dec 151114,070 Dec 22 112,700 Dec 11 $ 105 Dec 31 S 1,350 Ending $ 5,575 Dec 10 Work in Process Inventory (3*2*35) Dec 10 Manufacturing Overhead Dec 10 Salaries and Wages Expense Dec 10 Salaries and Wages Payable fbeing labor cost recorded direct and indirect) - Actual $ 6210 Dec 15 5 4,070 3 4.000 Work in Process inventory $1,700-5500-4)+5370 Raw Material Inventory Requisition of direct and indirect mat) Finished Goods Debit Credit Dec 2015 6,610 Dec 28 S 2,010 $ 1,300 Dec 16 Manufacturing Overhead Accounts Payable $ 1300 Dec 17 $ 1.400 Advertising Expense Accounts Payable Eriding $ 100 150 $ S 600 Actual 750 Manufacturing Overhead Debit Credit Dec 10$ 4,000 Dec 2219 2,700 Dec 16 3 1.300 Dec 31 S $ 1.350 Dec 20 S 150 Dec 31 $ 1.400 Dec 20 Manufactuning Overhead Dec 20 Depreciation Expense Dec 20 Accumulated Depreciation (being ACTUAL Ovemeod recorded ) Dec 22 Work in Process Inventory S450"6 "6 Dec 22 Manufacturing Overhead (Overhead applied) (Predetermined Overhead Rate Allocation Base) $ 2.700 S 2.700 Applied $ 6.610 Dec 26 Dec 26 Finished Goods Inventory Work in Process Inventory Cost of Goods Sold Deble Credit Dec 2013 5,610 Dec 31 $ 1,400 $ 6,610 Cost of Goods Manufactured Dec 28 Dec 28 Accounts Receivable 22.000 Sale 22.000 Accounts Receivable Debit Credit Dec 28 22.000 Ending 15 22.000 $ 6,610 Dec 28 Dec 28 Cost of goods sold Finished Goods Inventory $ 6,610 Cast of Goods Sold $ 105 Dec 31 Dec 31 Work in Process inventory (3*1*35) Salaries and Wages Payable To record labor cost recorded direct and indvect) 105 $ Accumulated Depreciation Debit Credit Dec 20 S Endins 250 750 2.350 Dec 31 Dec 31 Work in Process inventory $4503 Manufacturing Overhead (Overhead applied) Predetermined Overhead Rate Allocation Base) 1.350 Applied Accounts Payable Debit Credit Dec 16S 1,300 Dec 17 5 1.400 Endings 2.100 1.400 Dec 31 Dec 31 $ 1.400 Cost of Goods Sold Manufacturing Overhead To record underopplied overheads) Salaries and wages payable Debit Credit Dee 10 S210 Dec 31 $ 105 Ending $ 35 What is the ending balance for raw materials? IS 9,230 What is the ending balance for work in process? IS 5.525 What is the ending balance for finished goods? $ What is the actual manufacturing overhead cost incurred d 5 5.450 what is the total applied manufacturing overhead cost dus 4,050 What is the uradjusted cost of goods sold? $ 6.610 Was the manutacturing overhead for the month of Sepen Under Applied What is the amount of Manufacturing overhead overapolis 1400 From RM T-Account From WIP T account from Finished Goods T Account From Manufacturing Overhead T Account From Manufacturing Overhead I Account Cost of Goods Sold T Account Since Applied overheads are less than actual Actual Applied Sales Revenue Debit Credit Dec 22.000 W e ere to search O Debit Credit De 10 15 20 Dec 1! IS 105 Ending 6, 315 Deville Sales Revenge Credit Det 28 522.000 From RMT Account From WIDT account From Finished Goods TAccount From Manufacturing Overhead T Account From Manuacturing Overhead T Account cost of Goods Soid T Account Since Apped overheads are less than actual Actual Applied Unadjusted COGS av adjusted Sale Adjusted doos cons RM labor laborwOverheads IRMoreoverheads OLUN Nan Manufacturing IMA IR Se Variable dat LINE since it is for the month it will remain same what is the ending balance for raw materials 9 9,230 What is the lending balance for work in process? 5 5.525 What is the ending balance to finished goods? $ What is the actual man utacturing overhead cost incurred ds 5.450 What is the total applied manufacturing overhead post du 4.050 What is the unadjusted cost of goods sold $ 6,510 was the manufacturing overhead for the month of Sepem Under Applied What is the amount of Manufacturing overhead overappills 1400 What is the adjusted cost of poods sold 5 8/010 | $6,610-51,400 What is ross marrin ? $ 13.990 $22.000 58,010 What is the total prime cost for job? 15 3,910 53,700+210 what is the total conversion cost for job? S 2910 $210451,700 What is the total product cast for jobmu? IS 6,610 53,700+10+52,00 what was the period cost incurred for the month of Sepers 4.000.000+51400+SCIO What is the total variable cost incurred for lob 7 $ 3,910 53,700+5210 What is the contribution margin foto 15 18,090 $27,000 $2,920 AN What would be the actual inot applied totalfixed manuts 31450 Break up: Salary of Supervisor $ 4.000 Rent of Factory Building 5 1 300 Depreciation of Equipment Es 150 Ending22.000 Advertising Expense Debit Credit S 1/400 Der 17 Depreciation Expense Debit Credit tou De 20 Job Cost Sheet for Job No 1 Direct Material Cost of Goods Manufactured: Direct labor Rate Manutaturing Overhead Amount Hours Rate Amount Hours 17.000 $ 3,700 $ is IS 6 $ 35 $ 210 6 $ 450 $2,790 Units Shipped No Balance Date 12/5 Date 12/10 Date 12/22 Cost Summary Direct Material Direct Labor Manufacturing Overhead Total Product Cost Unit Product Cost Date $ 5 $ Ditectmaterials purchase Cost of direct materials available for use Direct materials invertory, ending Cost or direct materials placed in production Direct labor Factory overheud Applied Total manufacturing costs Total work in protes dunne period Work in process inventory ending Cost of goods manufactured 3,700 210 2.700 6,610 6,610 17.000 19.230 7,770 315 4,050 IS $ 5 $ $ S 12,135 12.135 -5.525 S 6.610 Job Cost Sheet for Job No 2 Cost of Goods Soldi Direct Material Hous $ 4,070 Direct Labor Rate Manufaturing Overhead Amount Hours Rate Amount 35 450 $1,350 35 S 105 3 $ Units Shipped No Balance Date 12/15 Date 12/31 Date 12/31 Cost Summary Direct Material Direct Labor Manufacturing Overhead Total Product Cost Unit Product Cost Beginning Finished Goods Inventory Cost of woods manufactured Cost of fleshed goods avaliable for sale an Finished roads inventory ending Cost of goods sold-Unadjusted Underapplied overapplied overhead Cost of goods sold Adjusted $ 5,610 S 6,510 S $ 6,610 S 1.100 S 8010 Date $ $ S 5 $ 4,020 105 1.350 5,525 5,525 $22.000 Incme Statement: Sales Revenue Less Cost of Goods Sold: ICOGS 3,010 S 8,00 1 $ 13.990 Gross Margin Less: Selline and Admin Salary Dep Advertising S S 2.000 600 1.400 4,000 9,990 3 QUESTION 1 Step 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing (no indirect materials used). You will be keeping track of the costs incurred to manufacture the tables using Job #1 Cost Sheet and Job #2 Cost Sheet. pport The cost of the direct materials that can be used to manufacture the table are as follows. These cost are on a per unit basis. Table Top $1,700.00 Table Leg $500.00 Drawer $370.00 The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours. The company estimates that there will be 12 direct labor hours worked during the month. a. The estimated manufacturing overhead cost for the month is: Factory supervisor salary per month b. Rent for the factory per month Depreciation of factory equipment per month Total Estimated manufacturing overhead $3,500.00 $1,300.00 $600.00 $5,400.00 C. What is the predetermined manufacturing overhead rate? Step 2 Step 3 The first order you received was to manufacture a table using a table top and four legs. This is your Job #1. The customer that has ordered Job #2, wants a table that is the same as Job #1, but wants to also add a drawer to the table. The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: Accounts Receivables, Raw materials, Work in process, Finished goods, Accumulated depreciation, Accounts payable, Salaries and wages Step 4 Save All Answe Click Save and Submit to save and submit. Click Save All Answers to save all answers. w O Type here to search lp * Question Completion Status: The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: Accounts Step 4 Receivables, Raw materials, Work in process, Finished goods, Accumulated depreciation, Accounts payable, Salaries and wages payable, Sales revenue, Manufacturing overhead, Cost of goods sold, Salaries and wages expense, Advertising expenses, and Depreciation expense. 1-Dec Raw Materials purchased on account, $17,000. 5-Dec All Raw Materials needed for Job #1 were requisitioned from the material storage for use during the month. Assume all materials are direct. (After you journalize this entry please enter the information into Job #1 Cost Sheet) 10-Dec The following employee costs were incurred but not paid during the month: There are three assembly employees that spend 2 hours each, $35 per hour to make the table for Job #1. (After you journalize this entry please enter the information into Job #1 Cost Sheet) Salary for supervisor of the factory $4,000. Administrative Salary $2,000. 15-Dec All Raw Materials needed for Job #2 were requisitioned from the material storage for use during the month. Assume all materials are direct. (After you journalize this entry please enter the information into Job #2 Cost Sheet) 16-Dec Rent for the month of December for the factory building incurred but not paid $1,300. 17-Dec Advertising costs incurred but not paid for the month was $1,400. 20-Dec Depreciation for the month of December was recorded on equipment was $750 ($150 for equipment used in the factory and the remainder for equipment used in selling and administrative activities). 22-Dec Manufacturing overhead cost was applied based on direct labor hours to job #1 based on the POHR determined on the "Job Cost Sheet". (After you journalize this entry please enter the information into Job #1 Cost Sheet) 26-Dec Job #1 was completed and transferred to Finished Goods during the month. 28-Dec The completed table from Job #1 was sold on account to the customer for $22,000 daring the month. (Hint: Make sure to account for the cost of the table that was sold using the cost from the job cost sheet.) Save Al Click Save and Submit to save and submit. Click Save All Answers to save all answers. ? ype here to search 28-Dec The completed table from Job #1 was sold on account to the customer for $22,000 during the month. (Hint: Make sure to account for the cost of the table that was sold using the cost from the job cost sheet.) 31-Dec Direct labor cost incurred but not paid for three employees to start manufacturing Job #2. The employees only worked one hour each, three hours total, $35 per hour during the month and they did not complete their work on the job. (After you journalize this entry please enter the information into Job #2 Cost Sheet) 31-Dec Manufacturing overhead cost was applied based on direct labor hours to Job #2 based on the POHR. Only three direct labor hours were worked on Job #2 during the month. (After you journalize this entry please enter the information into Job #2 Cost Sheet) 31-Dec Any underapplied or overapplied overhead for the month was closed out to Cost of Goods Sold. Step 5 Post the journal entries that you recorded on the "General Journal" tab to the "T-accounts" tab. This is the company's first month of business, so there will not be any beginning balances. Compute the balance for each T-account after all of the entries have been posted. Step 6 Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold on the "Schedule of COGM and COGS" tab for Job #1 and Job #2 that were worked on during the month by the company. Make sure to follow the format noted in your book (pg. 87). (Hint: This is the company's first month of operations and therefore the beginning balances will be zero.) Step 7 Prepare an Income Statement for the month using the Traditional Format on the "Income Statement" tab. Step 8 Answer the additional questions below Check Figure: Cost of Goods Manufactured= $6,610, Net operating income-$9,990 What is the ending balance for raw materials? What is the ending balance for work in process? What is the ending balance for finished goods? What is the actual manufacturing overhead cost incurred during December before adiustment? Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers. Bi search Check Figure: Cost of Goods Manufactured= $6,610, Net operating income=$9,990 What is the ending balance for raw materials? What is the ending balance for work in process? What is the ending balance for finished goods? What is the actual manufacturing overhead cost incurred during December before adjustment? What is the total applied manufacturing overhead cost during December before adjustment? What is the unadjusted cost of goods sold? Was the manufacturing overhead for the month of December overapplied/underapplied ? What is the amount of Manufacturing overhead overapplied/underapplied? What is the adjusted cost of goods sold? What is gross margin? What is the total prime cost for Job#1? What is the total conversion cost for job #1? What is the total product cost for job#1? What was the period cost incurred for the month of December? What is the total variable cost incurred for Job #1(assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)? What is the contribution margin for Job #1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)? What would be the actual (not applied) total fixed manufacturing overhead cost incurred for the company for the month if the order in Job #1 is for five tables instead of one table assuming this cost is with in the relevant range? Save All A Click Save and Submit to save and submit. Click Save All Answers to save all answers, o BI ype here to search SS100/12 Hours S 450 Step-1 Dredetermined Overhead Rate Estimated Overhead/Allocation Base Date Account Debit Dec Credit 17.000 Dec,200 Dec 134,070 Debit Credit $ 17.000 Dec Dec 17 000 Raw Material Accounts Payable (Purchase of Row Material Ending 1119,210 $ 3.700 Dec 5 Dec s $ 3.700 Actual Work in Process Inventory $1,700-55004) Raw Material inventory Requisition of direct and indivect mat) $ 5 5 210 4,000 2.000 Work in Process Debit Credit Dec 5 $ 3.700 Dec 26 16,610 Dec 2013 210 Dec 151114,070 Dec 22 112,700 Dec 11 $ 105 Dec 31 S 1,350 Ending $ 5,575 Dec 10 Work in Process Inventory (3*2*35) Dec 10 Manufacturing Overhead Dec 10 Salaries and Wages Expense Dec 10 Salaries and Wages Payable fbeing labor cost recorded direct and indirect) - Actual $ 6210 Dec 15 5 4,070 3 4.000 Work in Process inventory $1,700-5500-4)+5370 Raw Material Inventory Requisition of direct and indirect mat) Finished Goods Debit Credit Dec 2015 6,610 Dec 28 S 2,010 $ 1,300 Dec 16 Manufacturing Overhead Accounts Payable $ 1300 Dec 17 $ 1.400 Advertising Expense Accounts Payable Eriding $ 100 150 $ S 600 Actual 750 Manufacturing Overhead Debit Credit Dec 10$ 4,000 Dec 2219 2,700 Dec 16 3 1.300 Dec 31 S $ 1.350 Dec 20 S 150 Dec 31 $ 1.400 Dec 20 Manufactuning Overhead Dec 20 Depreciation Expense Dec 20 Accumulated Depreciation (being ACTUAL Ovemeod recorded ) Dec 22 Work in Process Inventory S450"6 "6 Dec 22 Manufacturing Overhead (Overhead applied) (Predetermined Overhead Rate Allocation Base) $ 2.700 S 2.700 Applied $ 6.610 Dec 26 Dec 26 Finished Goods Inventory Work in Process Inventory Cost of Goods Sold Deble Credit Dec 2013 5,610 Dec 31 $ 1,400 $ 6,610 Cost of Goods Manufactured Dec 28 Dec 28 Accounts Receivable 22.000 Sale 22.000 Accounts Receivable Debit Credit Dec 28 22.000 Ending 15 22.000 $ 6,610 Dec 28 Dec 28 Cost of goods sold Finished Goods Inventory $ 6,610 Cast of Goods Sold $ 105 Dec 31 Dec 31 Work in Process inventory (3*1*35) Salaries and Wages Payable To record labor cost recorded direct and indvect) 105 $ Accumulated Depreciation Debit Credit Dec 20 S Endins 250 750 2.350 Dec 31 Dec 31 Work in Process inventory $4503 Manufacturing Overhead (Overhead applied) Predetermined Overhead Rate Allocation Base) 1.350 Applied Accounts Payable Debit Credit Dec 16S 1,300 Dec 17 5 1.400 Endings 2.100 1.400 Dec 31 Dec 31 $ 1.400 Cost of Goods Sold Manufacturing Overhead To record underopplied overheads) Salaries and wages payable Debit Credit Dee 10 S210 Dec 31 $ 105 Ending $ 35 What is the ending balance for raw materials? IS 9,230 What is the ending balance for work in process? IS 5.525 What is the ending balance for finished goods? $ What is the actual manufacturing overhead cost incurred d 5 5.450 what is the total applied manufacturing overhead cost dus 4,050 What is the uradjusted cost of goods sold? $ 6.610 Was the manutacturing overhead for the month of Sepen Under Applied What is the amount of Manufacturing overhead overapolis 1400 From RM T-Account From WIP T account from Finished Goods T Account From Manufacturing Overhead T Account From Manufacturing Overhead I Account Cost of Goods Sold T Account Since Applied overheads are less than actual Actual Applied Sales Revenue Debit Credit Dec 22.000 W e ere to search O Debit Credit De 10 15 20 Dec 1! IS 105 Ending 6, 315 Deville Sales Revenge Credit Det 28 522.000 From RMT Account From WIDT account From Finished Goods TAccount From Manufacturing Overhead T Account From Manuacturing Overhead T Account cost of Goods Soid T Account Since Apped overheads are less than actual Actual Applied Unadjusted COGS av adjusted Sale Adjusted doos cons RM labor laborwOverheads IRMoreoverheads OLUN Nan Manufacturing IMA IR Se Variable dat LINE since it is for the month it will remain same what is the ending balance for raw materials 9 9,230 What is the lending balance for work in process? 5 5.525 What is the ending balance to finished goods? $ What is the actual man utacturing overhead cost incurred ds 5.450 What is the total applied manufacturing overhead post du 4.050 What is the unadjusted cost of goods sold $ 6,510 was the manufacturing overhead for the month of Sepem Under Applied What is the amount of Manufacturing overhead overappills 1400 What is the adjusted cost of poods sold 5 8/010 | $6,610-51,400 What is ross marrin ? $ 13.990 $22.000 58,010 What is the total prime cost for job? 15 3,910 53,700+210 what is the total conversion cost for job? S 2910 $210451,700 What is the total product cast for jobmu? IS 6,610 53,700+10+52,00 what was the period cost incurred for the month of Sepers 4.000.000+51400+SCIO What is the total variable cost incurred for lob 7 $ 3,910 53,700+5210 What is the contribution margin foto 15 18,090 $27,000 $2,920 AN What would be the actual inot applied totalfixed manuts 31450 Break up: Salary of Supervisor $ 4.000 Rent of Factory Building 5 1 300 Depreciation of Equipment Es 150 Ending22.000 Advertising Expense Debit Credit S 1/400 Der 17 Depreciation Expense Debit Credit tou De 20 Job Cost Sheet for Job No 1 Direct Material Cost of Goods Manufactured: Direct labor Rate Manutaturing Overhead Amount Hours Rate Amount Hours 17.000 $ 3,700 $ is IS 6 $ 35 $ 210 6 $ 450 $2,790 Units Shipped No Balance Date 12/5 Date 12/10 Date 12/22 Cost Summary Direct Material Direct Labor Manufacturing Overhead Total Product Cost Unit Product Cost Date $ 5 $ Ditectmaterials purchase Cost of direct materials available for use Direct materials invertory, ending Cost or direct materials placed in production Direct labor Factory overheud Applied Total manufacturing costs Total work in protes dunne period Work in process inventory ending Cost of goods manufactured 3,700 210 2.700 6,610 6,610 17.000 19.230 7,770 315 4,050 IS $ 5 $ $ S 12,135 12.135 -5.525 S 6.610 Job Cost Sheet for Job No 2 Cost of Goods Soldi Direct Material Hous $ 4,070 Direct Labor Rate Manufaturing Overhead Amount Hours Rate Amount 35 450 $1,350 35 S 105 3 $ Units Shipped No Balance Date 12/15 Date 12/31 Date 12/31 Cost Summary Direct Material Direct Labor Manufacturing Overhead Total Product Cost Unit Product Cost Beginning Finished Goods Inventory Cost of woods manufactured Cost of fleshed goods avaliable for sale an Finished roads inventory ending Cost of goods sold-Unadjusted Underapplied overapplied overhead Cost of goods sold Adjusted $ 5,610 S 6,510 S $ 6,610 S 1.100 S 8010 Date $ $ S 5 $ 4,020 105 1.350 5,525 5,525 $22.000 Incme Statement: Sales Revenue Less Cost of Goods Sold: ICOGS 3,010 S 8,00 1 $ 13.990 Gross Margin Less: Selline and Admin Salary Dep Advertising S S 2.000 600 1.400 4,000 9,990 3