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PLEASE SHOW ALL WORK!! Use the following to answer questions 918 : (33 points -3 pts each except #13) Blue Corp. manufactures chairs. The company
PLEASE SHOW ALL WORK!!
Use the following to answer questions 918 : (33 points -3 pts each except \#13) Blue Corp. manufactures chairs. The company uses a job-order costing system with normal costing for tracking costs to individual jobs. The company expects the following for the year ended December 31: At the start of the current period the company had no work in process and one job, Job Q, in finished goods at a cost of $10,000. Job Q was sold during the period. 9. Based on the information above, the most logical base (driver) to use for overhead allocation would be: 10. Explain WHY you chose the allocation base or driver in the previous question 11. For the purposes of allocating manufacturing overhead, WHY would they allocate estimated costs using a predetermined rate (normal costing), as opposed to using actual overhead costs? 12. The company's predetermined overhead rate is: 14. NOW ASSUME that the company prices their jobs on a "cost plus" basis; that is, at full manufacturing cost plus a 50% mark-up. How much should they quote for Job D? 15. NOW ASSUME that JOB D was complete yet unsold at the end of the period and had total job costs of $30,000. (That means assume that the answer to \#19 was $30,000 ) During period, they worked on three other printing jobs in addition to Job D, and incurred the following costs with respect to these 3 projects. The status of each job as of the end of the period is also shown below: Ending work in process is: $ 16. Ending finished-goods inventory is: $ 17. Cost of goods manufactured for the period is: $ 18. Assuming that there was no misapplied overhead, cost of goods sold isStep by Step Solution
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