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What is the total actual manufactoring overhead cost incurred for this year? Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the
What is the total actual manufactoring overhead cost incurred for this year?
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 74, ooe $ 31,800 s 52,200 The company applies overhead cost to jobs using direct labor-hours. For this year, the company's predetermined overhead rote of $14.50 per direct labor-hour was based on o cost formula that estimated $580,000 of total manufacturing overhead for on estimated activity level of 40,000 direct labor-hours- The following transactions were recorded this year: a- Raw materials were purchased on account, $690,000- b. Raw materials used in production, $641,800 All of of the raw materials were used as direct materials- c. The following costs were accrued for employee services: direct labor, $530,000; indirect labor, $150,000; selling and administrative salaries, $308,000. d- Incurred various selling and administrative expenses (e-g advertising, soles travel costs, and finished goods warehousing), $457,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, ond utilities), $430,000. Manufacturing overhead cost was applied to productiom The company actually worked 41,000 direct labor-hours on 011 jobs during the year. g. Jobs costing $1,703,300 to manufacture according to their job cost sheets were completed during the year- h- Jobs were sold on account to customers during the year for a total of $3,510,000 The jobs cost $1,713,300 to manufacture according to their job cost sheets; 8. What is the total actual manufacturing overhead cost incurred for this year? otal actual manufacturin overhead cost
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