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Required information The Foundational 15 (Algo) (LO3-1, LO3-2, LO3-3, LO3-4) [The following information applies to the questions displayed below) Bunnell Corporation is a manufacturer that
Required information The Foundational 15 (Algo) (LO3-1, LO3-2, LO3-3, LO3-4) [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 20 Rosaterials $ 66,000 Work in process 5.33,600 Finished goods $ 38,400 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 $13.50 per direct labor hour was based on a cost formula that estimated $540,000 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. $684.000 b. Raw materials used in production, $646,400. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $490,000; indirect labor, $150,000, selling and administrative salaries, $219.000 d. Incurred various selling and administrative expenses te advertising, sales travel costs, and finished goods Warehousing) $423,000 e incurred various manufacturing overhead costs te depreciation, insurance, and utilities), $390,000 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 $1623,300 to manufacture according to their job cost sheets were completed during the year n Jobs were sold on account to customers during the year for a total of $3,547,500. The jobs cost $1633,300 to manufacture according to their job cost sheets Foundational 3-8 (Algo) 8. What is the total amount of actual manufacturing overhead cost incurred during the year? Total actual manufacturing overhead.cos! AL
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