X Home DATA VIEW K CUL Four Name Font Size Insert Colum Delete Con Tab Stop Wrap Text 5 5 Berline Conditical Formatting Pese FA Choy B 1 U a Merge Cell FE 3. Insert Row - Del Row 3 Remove Conditiocal Formats TS CLICK HERE TO SAVE YOUR WORK ca K 1 A B c D E F G G H I 3 ABC Company worked on live jobs during the month of April. There were no opening balances for Work in Process and Finished Goods Inventories. The costs incurred by the five jobs are surcumarized in the following table: 1 3 4 4 S Direct materials Direct labour Applied Manufacturing overhead Job 1 Job 2 Job 3 Job 4 Jobs $24.000 $15.000 S32.000 $1,000 $9,000 $18,000 $12,000 S28.000 $5,000 $6.000 $12.600 $8.400 S19,600 S3,500 $4,200 6 7 2 8 Jobs 1 and 3 were completed and sold during the month Jobs 2 and 4 were completed but not sold during the month Job S was still being worked lon at the end of April. 9 10 Required: Marks earned CD Part 1: 11 What overhead rate was used to apply overheid in April to each of the jobs if overheid is applied on the basis of direct labour dollars? 12 13 Direct labour $46,000 14 Applicd Manufacturing overhead 332,200 15 Predetermined overhead rate 1435 16 17 Part 2: What was the balance in Work in process inventory at the end of April? 18 19 Job 20 21 22 23 24 Wuck in process, ending K. Shrer New... 0 MacBook Pro esc 20 P3 PPA Ang ra 2 F FG Dil " PB 3 F7 F4 12 # A 7 $ 4 2 3 % 5 & 7 6 8 9 0 delete Q W E R Y U HOME DATA VIEW K Cut Font Name Font Size TabStop Wrap Text 3 W Insert Column Copy Pante Delete Column B i Conditional Formatting - DE S Overline Merge Cell is 7. Insert Row Delete Row Remove Conditional Formats CLICK HERE TO SAVE YOUR WORK C19 A B C D 17 Part 2: What was the balance in Work in process inventory at the end of April? E 18 F G H I J N Job 19 20 0 21 22 0 23 24 Work in process, ending 32 34 33 Part 3: What was the balance in Finished goods inventory at the end of April? 34 35 Jobs 36 37 Total 0.0 38 39 40 Finished goods, ending 53 54 Part 4: Calculate the Total Manufacturing Cost and the Cost of Goods Manufactured for April 55 56 57 58 59 60 Total manufacturing costs 61 62 63 64 K> 9 FY F HOME DATA VIEW Cit Font Name Font Size TabStop Wrap Text Insert Column Delcte Column Conditional Formatting FEE Pade Copy B s 5 Overline Merge Cell 3 - Insert Row 3. Delete Row 1 Remove Conditional Formats Te CLICK HERE TO SAVE YOUR WORK C19 B C D E F G H T J K N 113 Part 8: 114 Assume that Actual Manufacturing Overhead is $45,000 and Manufacturing Overhcad Applied is $48,300. Assume the ending balances (Work in Process $20,000: Finished Goods $55,000 and unadjusted Cost of Goods Sold S125,000) are used to determine how much under or over-applied overhead is allocated to each account. 115 116 117 118 0.0 119 120 Balances Percent Overhead Allocated 121 0.0 122 123 124 Totals 130 131 Part 9: Prepare the journal entry to close the Manufacturing Overhead account for April. All rows may not be required. 132 133 Debit Credit 134 135 136 137 0.0 138 0.0 139 140 PI Sheet1 New.. ... MacBook Pro DDD DOO F4 > F8 0 F3 esc EX F5 F9 F7 FVC Ft FI FZ