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Required information [The following information opplies to the questions displayed below] Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's
Required information [The following information opplies 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 on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $1175 per direct labor-hour was based on a cost formala that estimated $470,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the 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 labot, $150,000; selling and d. Incurred various selling and administrative expenses (e.9, advertising, sales travel costs, and finished goods administrative salaries, $295,000. e. Incurred various manufacturing overhead costs (e.g. depreciation, insurance, and utilities), $320.000. warehousing), $381,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all 9. Jobs costing $1,399,450 to manufacture according to their job cost sheets were completed during the yeac. jobs 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. 5. What is the total manufacturing cost added to Work in Process during the yean
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