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Please solve this and don't copy it from somewhere incorrect answer Insert formulas and cell references into the gold cells below. Jobs in Process at
Please solve this and don't copy it from somewhere incorrect answer
Insert formulas and cell references into the "gold" cells below. Jobs in Process at the Beginning of the Year Estimates for the Year Manufacturing Overhead (MOH) Machine Hours (MH) POHR (predetermined overhead rate) 3,590,000 4,800 747.92 per machine hour Production "Campaigns" Q1-201219 Q2-201220 Beginning of the Year Inventory Raw materials Work-in-process Finished Goods (boxes of Muesli) # of units (boxes) Direct materials Direct labor costs Actual machine hours Totals: [1] 16,000 84,800.00 240.00 10.0 32,000 60,000.00 80.00 2.0 348,800 0 426,680 0.00 Jobs in Process at the End of the Year Completed Job Sheet Information for the Year Direct Materials Used Direct Labor Costs Actual Machine Hours Applied Overhead [3] 7,905,400 960,000 Production "Campaigns" Q4-211219 Q4-211220 4,762 Transactions during the Year Raw material purchases Raw materials used in production [4] Direct labor costs [5] Incurred (actual) MOH [15] # of units (boxes) Direct materials Direct labor costs Actual machine hours Totals: [2] 32,000 169,600.00 960.00 24.0 7,900,000 32,000 64,200.00 320.00 8.0 0.00 3,810,000 Muesli AG Income Statement for the Year 0 Over or Under-applied Overhead Calculation Applied Overhead Actual Overhead [6] Difference (Over or Under applied?) [7] 15,224,000 Sales Cost of Goods Sold Gross Margin 15,224,000 Values for the Financial Statements at the End of the Year: End of the Year Inventory Raw Materials [8] Work-in-Process Finished Goods Selling and Administrative Expenses: Administrative Salaries Advertising Maintenance on Office Equpment Office Supplies Sales Salaries Licenses and taxes Interest Expense 264,000 144,000 24,000 12,000 480,000 432,000 720,000 O 339,600 2,076,000 Cost of Goods Manufactured [9] Cost of Goods Sold (10) Adjusted Cost of Goods Sold [12] Net Income (11, 13] 13,148,000Step by Step Solution
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