Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help wirh the red highligts Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150

please help wirh the red highligts
image text in transcribed
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct a labor cost. Required: Treating each case independently, selected from the manufacturing data given below,find the missing amounts. You should do them in the order listed. (Hint: For the manufacturing costs in Case 3, first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values.) Direct material used Direct labor Manufacturing overhead applied Total current manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Ending finished goods inventory Cost of goods sold Case 1 18.000 17.000 25,500 60,500 8,200 5,100 63,600 4,300 8.600 59,300 Case 2 7.334 8,666 13,000 29,000 28,500 8,500 49,000 11,100 23,000 37.000 Case 3 12,300 8.160 12 240 32,700 8,700 36,399 5,001 42,399 5.400 42,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance The Basics

Authors: Erik Banks

3rd Edition

1138919780, 9781138919785

More Books

Students also viewed these Accounting questions

Question

5 What does it mean to think of an organisation as an open system?

Answered: 1 week ago