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QUESTION 1 5 points Save Answer 1. Boston Company has the following balances as of the year ended December 31, 2015. Direct Materials Inventory $15,000

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QUESTION 1 5 points Save Answer 1. Boston Company has the following balances as of the year ended December 31, 2015. Direct Materials Inventory $15,000 Dr. WIP Inventory 34,500 Dr. Finished Goods Inventory 49,500 Dr. Cost of Goods Sold 74,500 Dr. Additional information is as follows: Cost of direct materials purchased during 2015 $41,000 Cost of direct materials requisitioned in 2015 47,000 Cost of goods completed during 2015 102,000 Factory overhead applied (120% of direct labour) 48,000 Underapplied factory overhead 4,000 Required (SHOW ALL WORK): a. Compute beginning direct materials inventory. b. Compute beginning WIP inventory. C. Compute beginning finished goods inventory. d. Compute actual factory overhead incurred.QUESTION 2 5 points SaveAnswer GBC Printing has contracts to complete weekly supplements required by fortysix customers. For the year 2016, manufacturing overhead cost estimates total $420,000 for an annual production capacity of 10 million pages. For 2016 GBC Printing decided to evaluate the use of additional cost pools. After analyzing manufacturing overhead costs, it was determined that number of design changes, setups, and inspections are the primary manufacturing overhead cost drivers. The following information was gathered during the analysis: Manufacturin y overhead Cost -oo| costs Design changes $60,000 etups 320,000 4,000 setups - Inspections ALOOO inspections - costs MLOOO During 2016, two customers, Rock & Roll and Kingston Inc, are expected to use the following printing services: Rock & Roll Kingston ' ctivi _ Inc. Inc. 0 0 60,00 76,00 Design changes _E SHOW ALL WORK A) If manufacturing overhead costs are considered one large cost pool and are assigned based on 10 million pages of production capacity, what is the cost driver rate? B) Using pages printed as the only overhead cost driver, what is the manufacturing overhead cost estimate for Kingston Inc. during 2016? C) Assuming activitycost pools are used, what are the activitycost driver rates for design changes, setups, and inspections cost pools? D) Using activity-based costing to allocate overhead costs, what is the total manufacturing overhead cost estimate for Kingston Inc. during 2016

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