Other costs incurred

Work$-$in$-$Process data

Additional information

Costs organized by job

The balance in the Overhead Control account on December $1$ was

$$193,330.$

There were no jobs in Finished Goods as of December $1.$

Jobs $815,822,823,$ and $824$ were completed during December.

Job $824$ is the only job in Finished Goods as of December $31.$

$5.$ The company's pricing policy is $200\%$ of total manufacturing cost.

Requirement $1.$ Calculate the budgeted overhead rate used by Partridge.

What was the budgeted overhead rate per direct labour hour?

Requirement $2.$ Calculate the unit cost of ending work$-$in$-$process inventory assuming that the number of units in the job$($s$)$ total $240$ units. $($Round your answer to the nearest cent.;

What is the unit cost of ending work$-$in$-$process inventory assuming there are $240$ units?

Requirement $3.$ Calculate the cost of goods manufactured and the unadjusted gross margin for the month of December.

What is the cost of goods manufactured?

What is the unadjusted gross margin?

Requirement $4.$ Calculate the amount of over$-$ or underallocated overhead for the year.

Is the amount of overhead overallocated or underallocated?

By how much was the amount of overhead overallocated or underallocated?budgeted total labour$-$hours of $12,000.$ Actual labour$-$hours worked for the period January $1$ to November $30$ were $14,250.$

On December $1,$ the company had three jobs in process:

Yew the workin$-$crocess data

During the month of December, the following costs were incurred by job:

Yew the costs organized byjob.

In addition, the company incurred the following costs during the month of December $($these costs have not yet been recorded in the books$)$:

Vew the other costs incurred. Yew the additional information.

Bead the requirements.

Work$-$in$-$Process data

Costs organized by job

Additional information

Other costs incurred

The balance in the Overhead Control account on December $1$ was

$$194,450.$

There were no jobs in Finished Goods as of December $1.$

Jobs $815,822,823,$ and $824$ were completed during December.

Job $824$ is the only job in Finished Goods as of December $31.$

$5.$ The company's pricing policy is $200\%$ of total manufacturing cost.

Required

Calculate the budgeted overhead rate used by Panda

Calculate the unit cost of ending work$-$in$-$process inventory assuming that

the number of units in the job$($s$)$ total $250$ units.

Calculate the cost of goods manufactured and the unadjusted gross margin

for the month of December.

Calculate the amount of over$-$ or underallocated overhead for the year.

Requirement $1.$ Calculate the budgeted overhead rate used by Partridge.

What was the budgeted overhead rate per direct labour hour?

Requirement $2.$ Calculate the unit cost of ending work$-$in$-$process inventory assuming that the number of units in the job$($s$)$ total $240$ units. $($Round your answer to the nearest cent.$\text{'}$

What is the unit cost of ending work$-$in$-$process inventory assuming there are $240$ units?

Requirement $3.$ Calculate the cost of goods manufactured and the unadjusted gross margin for the month of December.

What is the cost of goods manufactured?

What is the unadjusted gross margin?

Requirement $4.$ Calculate the amount of over$-$ or underallocated overhead for the year.

Is the amount of overhead overallocated or underallocated?

By how much was the amount of overhead overallocated or underallocated?