out References Mailings Review View Tell me A A . ma Head The Style Pane Class Handout ADM3346 Chapter 4 Job Costing Indiana Industries: Cost flows, underallocation and overallocation Indiana Industries is a manufacturer of sailboats. The following partial information for 2019 is available: Raw Direct Materials Control 1-1-2019 32,000 403,000 Work-in-Process Control 1-1-2019 18,000 Purchases 431,000 Direct labour 380,000 Manufacturing Overhead Control 543,000 Manufacturing Overhear Allocated Finished Goods Control 1-1-2019 12,500 1.280,000 1.307,205 Cost of Goods Sold - United States O Focus o . e FE D 8: $ A 5 6 8 7 8 9 1 0 E R T Y U 0 at Review a No.2_ADM3346 Cost Accounting Handout of Chapter 4 (2) - Compatibilty Mode - Seved to my Mac- References Mailings View Tell me A 2321 COD. Rabe AaBb C A-ZA LIH| | | | | | USE A Styles Pa Dictate Indiana Industries: Cost flows, underallocation and overallocation Indiana Industries is a manufacturer of sailboats. The following partial information for 2019 is available: Work-in-Process Control 1-1-2019 18,000 Raw Direct Materials Control 1-1-2019 32,000 403,000 Purchases 431.00 Direct labour 380,000 Manufacturing Overhead Control 543,000 Manufacturing Overhear Allocated Cost of Goods Sold Finished Goods Control 1-1-2019 12,500 1.280,000 1,307,205 O Focus Unded States DEN . : F 2 ON . 00 3 4 5 6 7 8 9 0 E R Y T 0 P TER Layout References Review View Tell me a No.2,ADM3346 Cost Accounting Handout of Chapter 4 (2) - Compatibility Mode - Saved to my Mac- Malings - A A BE3311 0.0 BLCDR AaBb. AA As A Styles Pane Det Addition information 1. Direct manufacturing labour wage rate was S16 per hour 2. Manufacturing overhead (MOH) is allocated at $25 per direct manufacturing labour-hour (DMLH) 3. During the year, sales revenues were $1,664,000, and marketing and distribution expenses were $199,700 Required: a. What was the amount of direct materials issued to manufacturing during the year? b. What was the amount of manufacturing overhead allocated to jobs during the year? c. What was the cost of jobs completed during the year? d. What was the balance in work in process inventory on Dec 31, 2019 c. What was the cost of goods sold before any proration of underallocated or Overallocated overhead? f. What was the under located or overallocated manufacturing overhead for the year? B. Dispose of the underallocated or overallocated manufacturing overhead using 1). Immediate write of the Cost of Goods Sold 2). Proration h. Using cach of the disposition methods in requirement g, calculate operating income for the year. Which disposition method in requirement g. do you recommend Indiana use? United States) O Focus DO :8 S & out References Mailings Review View Tell me A A . ma Head The Style Pane Class Handout ADM3346 Chapter 4 Job Costing Indiana Industries: Cost flows, underallocation and overallocation Indiana Industries is a manufacturer of sailboats. The following partial information for 2019 is available: Raw Direct Materials Control 1-1-2019 32,000 403,000 Work-in-Process Control 1-1-2019 18,000 Purchases 431,000 Direct labour 380,000 Manufacturing Overhead Control 543,000 Manufacturing Overhear Allocated Finished Goods Control 1-1-2019 12,500 1.280,000 1.307,205 Cost of Goods Sold - United States O Focus o . e FE D 8: $ A 5 6 8 7 8 9 1 0 E R T Y U 0 at Review a No.2_ADM3346 Cost Accounting Handout of Chapter 4 (2) - Compatibilty Mode - Seved to my Mac- References Mailings View Tell me A 2321 COD. Rabe AaBb C A-ZA LIH| | | | | | USE A Styles Pa Dictate Indiana Industries: Cost flows, underallocation and overallocation Indiana Industries is a manufacturer of sailboats. The following partial information for 2019 is available: Work-in-Process Control 1-1-2019 18,000 Raw Direct Materials Control 1-1-2019 32,000 403,000 Purchases 431.00 Direct labour 380,000 Manufacturing Overhead Control 543,000 Manufacturing Overhear Allocated Cost of Goods Sold Finished Goods Control 1-1-2019 12,500 1.280,000 1,307,205 O Focus Unded States DEN . : F 2 ON . 00 3 4 5 6 7 8 9 0 E R Y T 0 P TER Layout References Review View Tell me a No.2,ADM3346 Cost Accounting Handout of Chapter 4 (2) - Compatibility Mode - Saved to my Mac- Malings - A A BE3311 0.0 BLCDR AaBb. AA As A Styles Pane Det Addition information 1. Direct manufacturing labour wage rate was S16 per hour 2. Manufacturing overhead (MOH) is allocated at $25 per direct manufacturing labour-hour (DMLH) 3. During the year, sales revenues were $1,664,000, and marketing and distribution expenses were $199,700 Required: a. What was the amount of direct materials issued to manufacturing during the year? b. What was the amount of manufacturing overhead allocated to jobs during the year? c. What was the cost of jobs completed during the year? d. What was the balance in work in process inventory on Dec 31, 2019 c. What was the cost of goods sold before any proration of underallocated or Overallocated overhead? f. What was the under located or overallocated manufacturing overhead for the year? B. Dispose of the underallocated or overallocated manufacturing overhead using 1). Immediate write of the Cost of Goods Sold 2). Proration h. Using cach of the disposition methods in requirement g, calculate operating income for the year. Which disposition method in requirement g. do you recommend Indiana use? United States) O Focus DO :8 S &