QUESTIONS Compute the Ending Balance in the Raw Materials Account at Year End Compute the Total Manufacturing Overhead Applied during the Year Compute the Actual Manufacturing Overhead Costs Incurred for the Year Compute the Manufacturing Overhead Dollar Account Balance at Year End Is the MOH Balance OVER or UNDER Applied USE all Capital Letters Compute the MOH Account Balance Variance Percent Show your Answer as a Percent out of 2 Decimal Places Is the MOH Balance Reasonable using a 5 standard, YES or NO USE all Capital Letters Compute the Total Work In Process Costs for BMX Bikes Compute the Total Work In Process Costs for Mtn Bikes Compute the Total Equivalent Units of Production for BMX Bikes Compute the Total Equivalent Units of Production for Mtn Bikes Compute the Cost Per Equivalent Unit of Production for BMX Bikes Show your answer out 2 Decimals to the Nearest Penny if Needed Compute the Total Cost of Goods Manufactured (COGM) for BMX Bikes Compute the Cost Per Equivalent Unit of Production for Mountain Bikes Show your answer out 2 Decimals to the Nearest Penny if Needed Compute the Total Cost of Goods Manufactured (COGM) for Mountain Bikes Compute the Cost of Goods Sold for all Jobs for the Month Compute the Total Sales Revenues for All Jobs for the Month Compute the Total Gross Profit for All Jobs Compute the Total Net Income for All Jobs Compute the Amount Charged to Target for One Mountain Bike Use the following Information to Answer the Questions Below Our Business had the Following Costs and Balances For the Year Ended December 31st, 1 Begin Raw Materials $22,000 2 Raw Materials Purchased $155,000 3 Raw Materials Used In Directly $24,000 4 Raw Materials Used Directly into BMX Bikes $40,000 5 Raw Materials Used Directly into Mtn Bikes $90,000 6 Begin Work in Process Costs BMX ZERO 7 Begin Work in Process Costs Mtn Bikes $38,000 8 Direct Labor Costs for BMX $80,000 9 Direct Labor Costs for Mtn Bikes $190,000 10 Finance Costs $35,000 11 Factory Equipment $88,000, CPA Costs $55,000, 12 Factory Tools $25,000, In Direct Factory Labor $33,000, 13 Marketing Costs $18,000, Factory Rent $67,000 14 Manufacturing Overhead is Charged to Jobs using an MOH Rate of 180 of Direct Material Costs 15 BMX Bikes Unit Details are Shown Below 1,200 Units were Fully Completed during the Month 500 Units were partially completed (End WIP Units are 80 complete for DM, DL, MOH) 1,100 Units were Sold to Target with a 50 Markup over Cost O

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QUESTIONS Compute the Ending Balance in the Raw Materials Account at Year End = Compute the Total Manufacturing Overhead Applied during the Year= Compute the

QUESTIONS

Compute the Ending Balance in the Raw Materials Account at Year End =
Compute the Total Manufacturing Overhead Applied during the Year=
Compute the Actual Manufacturing Overhead Costs Incurred for the Year=
Compute the Manufacturing Overhead Dollar Account Balance at Year End =
Is the MOH Balance OVER or UNDER Applied? = USE all Capital Letters.
Compute the MOH Account Balance Variance Percent =. Show your Answer as a Percent out of 2 Decimal Places.
Is the MOH Balance Reasonable using a 5% standard, YES or NO? = USE all Capital Letters.
Compute the Total Work In Process Costs for BMX Bikes =
Compute the Total Work In Process Costs for Mtn Bikes =
Compute the Total Equivalent Units of Production for BMX Bikes =
Compute the Total Equivalent Units of Production for Mtn Bikes
Compute the Cost Per Equivalent Unit of Production for BMX Bikes =. Show your answer out 2 Decimals to the Nearest Penny if Needed.
Compute the Total Cost of Goods Manufactured (COGM) for BMX Bikes =
Compute the Cost Per Equivalent Unit of Production for Mountain Bikes= Show your answer out 2 Decimals to the Nearest Penny if Needed.
Compute the Total Cost of Goods Manufactured (COGM) for Mountain Bikes =
Compute the Cost of Goods Sold for all Jobs for the Month =
Compute the Total Sales Revenues for All Jobs for the Month =
Compute the Total Gross Profit for All Jobs =
Compute the Total Net Income for All Jobs =
Compute the Amount Charged to Target for One Mountain Bike =

Use the following Information to Answer the Questions Below. Our Business had the Following Costs and Balances For the Year Ended December 31st, 1. Begin Raw Materials=$22,000 2. Raw Materials Purchased-$155,000 3. Raw Materials Used In-Directly-$24,000 4. Raw Materials Used Directly into BMX Bikes-$40,000 5. Raw Materials Used Directly into Mtn Bikes=$90,000 6. Begin Work-in-Process Costs BMX-ZERO 7. Begin Work-in-Process Costs Mtn Bikes=$38,000 8. Direct Labor Costs for BMX=$80,000 9. Direct Labor Costs for Mtn Bikes=$190,000 10. Finance Costs = $35,000 11. Factory Equipment =$88,000, CPA Costs=$55,000, 12. Factory Tools =$25,000, In-Direct Factory Labor=$33,000, 13. Marketing Costs =$18,000, Factory Rent = $67,000 14. Manufacturing Overhead is Charged to Jobs using an MOH Rate of 180% of Direct Material Costs 15. BMX Bikes Unit Details are Shown Below; 1,200 Units were Fully Completed during the Month. 500 Units were partially completed (End WIP Units are 80% complete for DM, DL, MOH) 1,100 Units were Sold to Target with a 50% Markup over Cost. O

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Answer 1 Beginning Raw Materials Raw Materials Purchased Raw Materials Used Ending Raw Materials 22000 155000 24000 40000 90000 13000 2 Total Manufact... blur-text-image