question 5: Beemo Inc. sells video games and use normal job costing to track costs. During 2018, Beemo Inc. had the following transactions: a. Purchased $555,000 of materials on credit b. $624,300 of materials were used, with $520,400 being direct materials and the rest indirect materials C. $546,000 was paid to direct labor and $88,000 was paid to indirect labor d. During the year, $99,900 worth of other indirect costs were incurred, of which $9,500 came from depreciation. e. 42,980 direct labor hours were worked over the year. The budgeted MOH rate was calculated to be $7 per DLH. f. $1,267,470 worth of goods were completed during the year. 8 $1,524,550 worth of goods were sold during the year. Using this information please the Journal Entries for all the given transactions from 2018 Letter Account 6: At the beginning of the year, Beemo Inc. had these beginning balances Cash Control: $1,440,000 Raw Material Control: $470,300 Work-in-Process Control: $133,800 Finished Goods Control Account: $367,000 Accumulated Depreciation Control Account: $96,500 Accounts Payable Control: $114,000 Using this information, as well as the information from Question 6, please do the following: a. Find the ending balance for the Raw Materials Control Account: b. Find the ending balance for the Work In Process Control Account: c. Find the ending balance for the Finished Goods Control Account: d. Indicate whether the manufacturing overhead was over- or under-applied for the month: e. Calculate how much the manufacturing overhead was over/under-applied by Question 7: Using the information from question 6 and 7. please adjust the manufacturing overhead for Beemo Inc. using the write-off approach estion 8: Tree Trunks Co. makes two different types of pastries: "Pies" and "Cakes. Tree Trunks Co. currently uses normal costing to find the costs of their pastries. They have been allocating costs based off a plant-wide allocation rate and used direct labor hours as their allocation base. Recently, they have decided to switch to activity based costing. Here is some of the information given regarding the two products and their production Ples Cakes Direct Materials $960,000 $600,000 Activity Activity Measure Estimated MOH for each Activity $ 84,000 $90,000 $100,000 $ 104,000 Direct Labor $270,000 $120,000 General Factory Direct Labor Hours Direct Labor Hours 30,000 DLH 12,000 DLH Machine Use Machine Hours Machine Hours 200,000 100,000 Machine Set Up Machine Set Ups Machine Set Ups 100 Set Ups 300 Set Ups Distribution Units Produced Units Produced 500,000 Pies 3 00,000 Cakes Using the given information please: 3. Find the cost per unit of Ple using a plant-wide rate: b. Find the cost per unit of Cake using a plant-wide rate: c. Find the cost per unit of Ple using activity based costing: d. Find the cost per unit of Cake using activity based costing: $ 378,000
