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Use the Following Information to Answer the Questions Below. Our Business had the Following Costs and Balances For the Year Ended December 31st, Begin Raw

Use the Following Information to Answer the Questions Below. 


Our Business had the Following Costs and Balances For the Year Ended December 31st, Begin Raw Materials=$22,000 Raw Materials Purchased=$155,000 Raw Materials Used In-Directly=$24,000 Raw Materials Used Directly into BMX Bikes=$40,000 Raw Materials Used Directly into Mtn Bikes=$90,000 Begin Work-in-Process Costs BMX=ZERO Begin Work-in-Process Costs Mtn Bikes=$38,000 Direct Labor Costs for BMX=$80,000 Direct Labor Costs for Mtn Bikes=$190,000 Finance Costs = $35,000 Factory Equipment =$88,000, CPA Costs=$55,000, Factory Tools =$25,000, In-Direct Factory Labor=$33,000, Marketing Costs =$18,000, Factory Rent =$67,000 Manufacturing Overhead is Charged to Jobs using an MOH Rate of 180% of Direct Material Costs BMX Bikes Unit Details are Shown Below; 1,200 Units were Fully Completed during the Month. 500 Units were partially completed (End WIP Units are 80% complete for DM, DL, MOH) 1,100 Units were Sold to Target with a 50% Markup over Cost. Mountain Bikes (Mtn) Unit Details are Shown Below; 3,000 Units Fully Completed during the Month. 1,000 Units were partially completed (End WIP Units are 20% complete for DM, DL, MOH) 3,000 Units were Sold to Target with a 40% Markup over Cost. QUESTIONS 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 Mountain Bike = Show your answer out 2 Decimals to the Nearest Penny if Needed.

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