-------- -, L J, LU3-4 [The following information applies to the questions displayed below.) Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the compa as follows: Raw materials $ 63,000 Work in process $ 22, 200 Finished goods, $ 52,500 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 $11.50 per direct labor-hour was based on a cost formula that estimated $460,000 of to 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, $618,000. b. Raw materials used in production, $569,400. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $410,000; indirect labor, $150,000; selling and ministrative salaries, $338,000. Incurred various sellinn and administrative expenses a duertisin et t ei g. Jobs costing $1,372,600 to manufacture according to their job cost sheets were com h. Jobs were sold on account to customers during the year for a total of $3,202,500. The manufacture according to their job cost sheets. -------- -, L J, LU3-4 [The following information applies to the questions displayed below.) Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the compa as follows: Raw materials $ 63,000 Work in process $ 22, 200 Finished goods, $ 52,500 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 $11.50 per direct labor-hour was based on a cost formula that estimated $460,000 of to 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, $618,000. b. Raw materials used in production, $569,400. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $410,000; indirect labor, $150,000; selling and ministrative salaries, $338,000. Incurred various sellinn and administrative expenses a duertisin et t ei g. Jobs costing $1,372,600 to manufacture according to their job cost sheets were com h. Jobs were sold on account to customers during the year for a total of $3,202,500. The manufacture according to their job cost sheets