Part : Relates to Module and I have support videos in the Module Resources in the applicable weekly folder.

The scenario to this part is below and the requirements follow where you will answer the questions pertaining to this part.

Glass Company makes glass orders based on the customer specifications, so the company uses job costing to track costs.

The company uses direct labor hours as the cost driver for manufacturing overhead application.

The company estimated the following manufacturing overhead costs for the year: $

The company estimated the following usage of directlabor hours for the year:

Beginning Workinprocess, March Job $

Beginning Finished Goods, March Job $

Labor Information for March:

Directlabor hours:

Job

Job

Job

Labor costs in factory:

Directlabor wages $

Indirectlabor wages $

Material Information for March:

Raw Materials, Inventory, March $

Purchase or raw material $

Direct materials requisitioned:

Job $

Job $

Job $

Other costs incurred in March:

Factory Utilities $

Sales offices Utilities $

Administrative offices Utilities $

Factory equipment repair and maintenance costs $

Depreciation on factory equipment $

Manufacturing supplies purchased and used $

During March the following jobs were completed :

Job

Job

During March the following jobs were sold for the following amounts:

Job $

Job $

Prepare an Income Statement for March below. The company does not close the over or underapplied overhead until the end of the year, so no adjustment is needed to Cost of Goods Sold.

You need to prepare in good form. Please see Exhibit but you do not have to provide a detailed COGS section, since you know COGS relates to the Jobs sold at cost and should agree with your analysis in # above.

Glass Company

Income Statement

For Month ending March XX

Sales

Cost of goods sold

Gross Profit

Selling and Administrative expenses

Net income

Determine the dollar amount and the underapplied or overapplied manufacturing for March. Provide your calculations.

Prepare a Pie chart below showing the three product costs that were added to the job cost sheets in March.