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Please answer all: Thanks Anderson Corp. produces running shoes. Overhead is applied on the basis of machine hours. A predetermined overhead application rate of $10.00

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Anderson Corp. produces running shoes. Overhead is applied on the basis of machine hours. A predetermined overhead application rate of $10.00 per machine hour was established for 2021. (a.) If 10,000 machine hours were expected to be used during 2021, how much overhead was expected to be incurred (budgeted)?

(b). If 10,100 machine hours were actually used during 2021, calculate the applied overhead.

(c.) Actual overhead incurred during 2021 totaled $111,100. Calculate the amount of over-or under-applied overhead for 2021.

Ellie Inc. manufactures stuffed animals. During 2021, total costs incurred in making 1,000 stuffed animals included $10,000 of selling, general, and administrative costs. The selling price per stuffed animal was $60, while per unit costs were $20 for direct materials, $10 for direct labor, and $5 for manufacturing overhead. (a.) Prepare a traditional income statement based on the 1,000 stuffed animals. (b.) Calculate the gross margin ratio.

Audrey Inc. manufactures dolls. During 2021, total costs incurred in making 20,000 dolls included $100,000 of fixed manufacturing overhead. The total absorption cost per doll was $30. (a.) Calculate the variable cost per doll. (b.) Express the cost of the dolls in a cost formula (Y=a+bx).

Trophy Corp. manufactures sports trophies. During 2021, total costs associated with manufacturing 15,000 trophies were as follows:

Raw materials = $62,100

Direct labor = $16,500

Variable overhead = $11,250

Fixed overhead = $18,000

Calculate the cost per trophy under both absorption and variable costing.

Express the cost of the trophies in a cost formula (Y=a + bX).

Raw materials inventory on January 1, 2021 totaled $10,000, while ending inventory on January 31, 2021 totaled $15,000. Purchases of raw materials during the month of January totaled $25,000. Direct labor incurred in January totaled $18,000, and manufacturing overhead applied in January totaled $12,000.

(a.) Calculate the cost of materials available for use in January.

(b.) Calculate the cost of materials used in production during January.

(c.) Calculate the total cost of goods manufactured during January.

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