Use the Following Information to Answer the Questions Below.

For The Month Ending December 31-st Our Business had the Following Information:

1. Beg Raw Materials Balance = $10,000
2. Direct Raw Materials Purchased=$100,000
3. Direct Raw Materials used into Job #1 =$25,000
4. Direct Materials Used into Job#2 =$45,000
5. In-Direct Raw Materials used into Production=$9,000
6. Direct Labor costs for Job#1=$6,000 and Job#2 =$14,000,
7. Indirect Labor costs=$7,000
8. Factory Rent Costs=$13,000, Accounting Costs = $33,000
9. Factory Equipment Costs = $43,000
10. Marketing Costs =$8,000
11. The Manufacturing Overhead Application Rate is 400% of Direct Labor Costs
12. Both Jobs were Finished and Sold at the end of the month with a 80% markup over cost

Show Your Answers as a NUMBER ONLY, NO Dollar Signs, Commas, or Decimals except per Unit or per Hour Answers

Only Show Decimals in your Answers for Per UNIT and Per HOUR Answers out to 2 Decimal Places, the nearest penny.

QUESTIONS

1. Compute the Actual Manufacturing Overhead Costs for the Period =
2. Compute the Manufacturing Overhead Costs Applied to Job#1 for the Period =
3. Compute the Manufacturing Overhead Costs Applied to Job#2 for the Period =
4. Compute the MOH Balance in the Manufacturing Overhead Account at the End of the Month =
5. Compute the MOH Balance Variance Percent, show as a % to nearest 2nd decimal =
6. Is this Reasonable, YES or NO =
7. Compute the Total Cost to Produce Job #1 =
8. Compute the Total Cost to Produce Job #2 =
9. Compute the Sales Revenues in Total for Both Jobs =
10. Compute the Gross Profit in Total for Both Jobs =
11. Compute the Net Income in Total for Both Jobs =