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using Machine hours M THRU Z ONLY !!!! Directions: Use your printed questions below. To eam credit, show your work and label each figure. Take
using Machine hours M THRU Z ONLY !!!!
Directions: Use your printed questions below. To eam credit, show your work and label each figure. Take a picture of your completed ANSWER SHEET Convert it to PDF. Upload the PDF to Gradescope by the end of class deadline. Widgets & Stuff, Inc. reported the following for the month just ended: Beginning balance Raw Materals inventory 530,000 Begnning balance Work in Process Inventory 48,000 Beginning balance. Finished Goods Inventory 17.000 Purchases of raw materials 54.000 Factory electricity 10.000 Direct labor payroll 32.000 Depreciation on factory equipment 35.000 Insurance on factory building 9,000 Indirect materials used in production 17.000 Total raw materials used in producho 55 000 Indirect labor payroll 24.000 Cost of goods manufactured 200,000 Cost of goods sold 210,000 If the 1 letter of your last name begins with: A thru L M thru z Then your allocation base is: Direct Labor Hours Machine hours Estimated 75,000 300,000 Actual 80,000 200,000 Management estimates that manufacturing overhead cost will be $220,000, Questions: 1 What is the company's predetermined overhead rate? 2. How much is applied manufacturing overhead? 3. What is the total manufacturing cost? 4. Assuming 50,000 units are produced, what is the unit product cost? 5. List at least two different ways to segment Walmart Inc. 6. Why are segmented income statements used Step by Step Solution
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