View Policies Current Attempt in Progress Cullumber Assemblers uses normal job-order costing to assign costs to products. The company assembles and packages 25 different products according to customer specifications. Products are worked on in batches of 20 to 40 units. Each batch is given a job number On October 1, the company had the following balances: Raw materials $11,170 75,070 Work in process Finished goods 34.930 Work in process consisted of the following jobs: Job 22 Job 24 Job 25 $7.070 $5.920 $5,470 Direct materials Direct labour Applied overhead 11.970 10,500 10,830 8,379 7,350 7,581 Total $27.419 23,770 $23.881 Number of units 20 40 30 Finished goods consisted of Job 23, with the following costs: Finished goods consisted of Job 23, with the following costs: Job 23 Direct materials $9,350 Direct labour 15,050 Applied overhead 10,530 Total $34.930 Number of units 50 Shown below are the direct cost data related to jobs started in October: Job 26 Job 27 Job 28 Total $5,910 $6,380 $4,790 $17,080 Direct materials Direct labour Number of units $12.770 $10,650 $6,740 $30,160 20 30 20 Other information: Ella ther information: 1. Direct materials and direct labour added to beginning work in process in October were as follows: Job 22 Job 24 Job 25 Total $1,310 $1,710 $3,720 Direct materials Direct labour $700 5.130 3.420 6,270 14,820 2. Overhead is applied at a predetermined rate based on the direct labour cost. Actual expenses for October were as follows: 3. $6,840 $2,390 5.700 9,690 Supervisory salaries Factory rent Depreciation (machines) Indirect labour Supplies (factory) Selling expenses Property tax and insurance CPP, EI, and other benefits 5,700 2,570 4,560 4,790 4. * 80% of employer contributions and benefits relate to factory personnel Purchases of direct materials (raw materials) during October amounted to $32,490. Indirect materials (supplies) are handled in a separate account. Only Jobs 27 and 28 are still in process at closing on October 31. Finished goods consisted only of Job No. 25 at month end. Cullumber writes off any under and over-applied overhead to Cost of Goods Sold in the month in which it is incurred. 5. 6. Calculate the predetermined overhead rate used by Cullumber to apply overhead to jobs. Predetermined overhead rate % Calculate the unit cost of Job No. 24 in October (Round answer to 2 decimal places, eg. 52.75.) Unit cost of Job No. 24 $ Calculate the October 31 balances for the following inventory accounts. 1. Raw Materials 2. Work in Process $ 3. Finished Goods GA $ What is the cost of goods manufactured in October? Cost of goods manufactured $ Determine the under-or over-applied overhead for October $ Prepare the journal entry to dispose of this amount. (List all debit entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Attempts: 0 of 1 used Submit Answer Save for Later