Use the Following Information to Answer the Questions Below.

Our Business had the Following Costs and Balances For the Month Ended Dec $31.$;

Begin Raw Materials$=$$$8,000$

Raw Materials Purchased$=$$$99,000$

Raw Materials Used In$-$Directly$=$$$5,000$

Raw Materials Used Directly into BMX Bikes$=$$$30,000$

Raw Materials Used Directly into Mtn Bikes$=$$$50,000$

Begin Work$-$in$-$Process Costs BMX $=$ $$24,000$

Begin Work$-$in$-$Process Costs Mtn Bikes $=$ $$12,000$

Direct Labor Costs for BMX $=$$$70,000$

Direct Labor Costs for Mtn Bikes$=$$$80,000$

Accounting Costs $=$ $$14,000$

Factory Equipment $=$$$77,000$

CPA Costs$=$$$55,000$

Factory Tools $=$$$33,000$

In$-$Direct Factory Labor$=$$$22,000,$

Factory Rent $=$$$44,000$

Finished Goods Storage $=$$$11,000$

Manufacturing Overhead is Charged to Jobs using an MOH Rate of $120\%$ of Direct Labor Costs

BMX Bikes Unit Details are Shown Below;

$400$ Units were Fully Completed during the Month.

$200$ Units were Partially completed, $50\%$ complete for DM$,$ DL$,$ MOH

$400$ Units were Sold with a $30\%$ Markup over Cost.

Mountain Bikes Unit Details are Shown Below;

$800$ Units Fully Completed during the Month.

$500$ Units were Partially completed, $40\%$ complete for DM$,$ DL$,$ MOH

$700$ Units were Sold to Target with a $20\%$ Markup over Cost.

QUESTIONS

Show All of your Answers as a Number Only, No Symbols, Dollar Signs, or Decimals, Unless Otherwise Stated.

Compute the Ending Balance in the Raw Materials Account at Year End $=$

Compute the Total Manufacturing Overhead Applied during the Year$=$

Compute the Actual Manufacturing Overhead Costs Incurred for the Year$=$

Compute the Manufacturing Overhead Dollar Account Balance at Year End $=$

Is the MOH Balance OVER or UNDER Applied $?=$

USE all Capital Letters.

Compute the MOH Account Balance Variance Percent $=$

$.$ Show your Answer as a Percent out $2$ Decimal Places.

Is the MOH Balance Reasonable using a $5\%$ standard, YES or NO $?=$

USE all Capital Letters.

Compute the Total Work In Process Costs for BMX Bikes $=$

Compute the Total Work In Process Costs for Mtn Bikes $=$

Compute the Total Equivalent Units of Production for BMX Bikes $=$

Compute the Total Equivalent Units of Production for Mtn Bikes

Compute the Cost Per Equivalent Unit of Production for BMX Bikes $=$

Show your answer out $2$ Decimals to the Nearest Penny if Needed.

Compute the Total Cost of Goods Manufactured $($COGM$)$ for BMX Bikes $=$

Compute the Cost Per Equivalent Unit of Production for Mountain Bikes$=$

Show your answer out $2$ Decimals to the Nearest Penny if Needed.

Compute the Total Cost of Goods Manufactured $($COGM$)$ for Mountain Bikes $=$

Compute the Cost of Goods Sold for all Jobs for the Month $=$

Compute the Total Sales Revenues for All Jobs for the Month $=$

Compute the Total Gross Profit for All Jobs $=$

Compute the Total Net Income for All Jobs $=$

Compute the Amount Charged to Target for One BMX Bike $=$

Show your answer out $2$ Decimals to the Nearest Penny if Needed.

Compute the Total Physical Units for BMX Bikes $=$

QUESTIONS

Show All of your Answers as a Number Only, No Symbols, Dollar Signs, or Decimals, Unless Otherwise Stated.

Compute the Ending Balance in the Raw Materials Account at Year End $=$

Compute the Total Manufacturing Overhead Applied during the Year$=$

Compute the Actual Manufacturing Overhead Costs Incurred for the Year$=$

Compute the Manufacturing Overhead Dollar Account Balance at Year End $=$

Is the MOH Balance OVER or UNDER Applied $?=$

USE all Capital Letters.

Compute the MOH Account Balance Variance Percent $=$

$.$ Show your Answer as a Percent out $2$ Decimal Places.

Is the MOH Balance Reasonable using a $5\%$ standard, YES or NO $?=$

USE all Capital Letters.

Compute the Total Work In Process Costs for BMX Bikes $=$

Compute the Total Work In Process Costs for Mtn Bikes $=$

Compute the Total Equivalent Units of Production for BMX Bikes $=$

Compute the Total Equivalent Units of Production for Mtn Bikes

Compute the Cost Per Equivalent Unit of Production for BMX Bikes $=$

Show your answer out $2$ Decimals to the Nearest Penny if Needed.

Compute the Total Cost of Goods Manufactured $($COGM$)$ for BMX Bikes $=$

Compute the Cost Per Equivalent Unit of Production for Mountain Bikes$=$

Show your answer out $2$ Decimals to the Nearest Penny if Needed.

Compute the Total Cost of Goods Manufactured $($COGM$)$ for Mountain Bikes $=$

Compute the Cost of Goods Sold for all Jobs for the Month $=$

Compute the Total Sales Revenues for All Jobs for the Month $=$

Compute the Total Gross Profit for All Jobs $=$

Compute the Total Net Income for All Jobs $=$

Compute the Amount Charged to Target for One BMX Bike $=$

Show your answer out $2$ Decimals to the Nearest Penny if Needed.

Compute the Total Physical Units for BMX Bikes $=$