ques from managerial accounting
9:30 Exit Question 1 9 pts Back to the Fuchsia is a Vancouver-based flower shop that produces custom bouquets for special events based on customer specifications. Back to the Fuchsia uses job-order costing to assign costs to products. On October 1, the company had the following balances recorded: Raw materials inventory $9,300 Work in process inventory* $44,505 Finished goods inventory** $23,500 * October 1 work in process inventory consisted of three jobs: Job 202 Job 204 Job 205 Direct Materials $4,200 $3,190 $3,800 Direct Labour $8,500 $7,210 $6,500 Applied Overhead $4,250 $3,605 $3,250 Total $16,950 $14,005 $13,5509:30 Exit * October 1 finished goods inventory consisted of Job 203, which had the following costs: Job 203 Direct Materials $8,200 Direct Labour $10,200 Applied Overhead $5,100 Total $23,500 The following jobs were started in October: Job Job Job 206 207 208 Total Direct Materials $4,180 $3,600 $1,200 $8,980 Direct Labour $9,200 $8,340 $2,910 $20,450 Direct materials and labour added to beginning work in process inventory in October were as follows: Job Job Job 202 204 205 Total Direct Materials $950 $410 $1,200 $2,560 Direct Labour $2,000 $3,500 $4,500 $10,0009:30 Exit Additional Notes . Manufacturing overhead is applied at a predetermined overhead rate on the basis of direct labour costs. . Actual overhead expenses for October were $27,860. . $10,500 of raw materials were purchased in the month of October. . On October 31, only Jobs 207 and 208 remain in work in process inventory. . On October 31, only Job 205 remains in finished goods inventory. . Assume the remaining jobs have been sold. Required: Provide the following information. What is the company's predetermined overhead rate as a percentage? (Enter in this format - 25%). Do not enter the % sign % as it has already been supplied to you and do not enter a decimal. Determine the total raw materials available for use in9:30 Exit Determine the total raw materials available for use in October. Do not use $ signs in your final answer. Determine the ending raw materials inventory balance on $ October 31. Do not use $ signs in your final answer. Determine the total manufacturing overhead applied to work in process in October (Do not include overhead applied prior to October 1. Include tA any items that were considered work in process sometime in October)? Do not use $ signs in your final answer. What was the total amount of raw materials inventory transferred into work $ in process inventory9:30 Exit What is the total cost of raw materials in finished goods inventory at the end of October? Do not use $ signs in your final answer. What is the total cost of direct labour in finished goods inventory at the end of October? Do not use $ signs in your final answer. What is the total cost of Job 204 at the end of October? Do not tA use $ signs in your final answer. What is the cost of goods sold (COGS) for Job 202 in October? Do not use to $ signs in your final