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Required information The following information applies to the questions displayed below] Bunnell Corporation is a manufacturer that uses job-order costing On January 1 , the
Required information The following information applies to the questions displayed below] Bunnell Corporation is a manufacturer that uses job-order costing On January 1 , the company's inventory balances were as follows: The company applies overhead cost to jobs using direct fabor-hours. For this year, the company's predetermined overhead rate of $1175 per direct labor-hour was based on a cost formula that estirnated $470,000 of total manufacturing overhead for an estimated activity level of 40.000 direct labor hours. The following transactions were recorded this year: a Raw materials were purchased on account, $592,000 b. Raw materials used in production, $557,000. All of of the raw materials were used as direct materials: C The following costs were accrued for employee services direct labor, $420,000, indirect labor, $150,000, selling and administrative salaries, $295,000 d. Incurred various selling and administrative expenses (e.9. advertising, sales travel costs, and finished goods warehousingl. $381,000 e. Incurred various manufacturing overhead costs (e.g, depreciation, insurance, and utilties). $320,000 f. Manufacturing overhead cost was applied to production. The company actually worked 41.000 direct labor-hours on all jobs during the year. 9. Jobs costing $1,399,450 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $2,925,000. The jobs cost $1,409,450 to manufacture according to their job cost sheets. 8. What is the total actual manufacturing overhead cost incurred for this year
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