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Need help with this. 4. What is the total amount of manufacturing overhead applied to production during the year? 6. What is the journal entry
Need help with this.
4. What is the total amount of manufacturing overhead applied to production during the year? 6. What is the journal entry to record the transfer of completed jobs that Is referred to In Item g above? (If no entry is required for a transection/event, select "No journal entry required" In the flrst account fleld.) Journal entry worksheet Record the manufactured goods completed during this year. Note: Enter debits before credits. Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's Inventory balances were as follows: The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the companys predetermined overhead rate of $13.50 per direct labor-hour was based on a cost formula that estimated $540,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year. a. Raw materlals were purchased on account, $684,000. b. Raw materials used in production, $646,400. All of of the raw materials were used as direct materlals. C. The following costs were accrued for employee services: direct labor, \$490,000; Indirect labor, \$150,000; selling and administrative salarles, $319,000. d. Incurred various selling and administrative expenses (e.g, advertising, sales travel costs, and finished goods warehousing), $423,000. e. Incurred vanous manufacturing overhead costs (e.g., depreciation, Insurance, and utilites), \$390,000. t Manufactunng overhead cost was applled to production. The company actually worked 41,000 direct labor-hours on all Jobs during the year. 9. Jobs casting $1,623,300 to manufacture according to thelr job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $3,547,500. The jobs cost $1,633,300 to manufacture according to their job cost sheets. 3. What is the journal entry to record the labor costs incurred during the year? (If no entry is required for a transactlon/event, select "No journal entry required" In the first account fleid.) Journal entry worksheet 5. What is the total manufacturing cost added to Work in Process during the yearStep by Step Solution
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