Help! I need to Indicate the missing amount for each letter. Assume that in all

Question

Help! I need to Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same.

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. Case A Case B Case C $91,000 $73,000 Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Work in process 1/1/14 Total cost of work in process Work in process 12/31/14 Cost of goods manufactured 57,700 48,468 156,400 141,700 214,500 21,600 18,400 210,000 16,500 195,200 228,100

Explanation / Answer

Ans ( a ) : Total Manufacturing Cost = Direct Material Used + Direct Labor + Manufacturing Overhead applied

Lets assume that Direct material used = x

so, 156400 =  x + 57700 + 48468 = 50232

Direct Material Used = 50232

Ans (b)

Work in Progress 1/1/14 = Total WIP - Manufacturing Cost

=210000-156400 =53600

Ans (C)

WIP 12/31/2014 = Total WIP - cost of goods manufactured =14800

since Manufacturing overhead will be applied on the basis of direct labor, so

Manufacturing overhead applied = 48468 *141700 / 57700 = 119028

Ans E =

Total Manufacturing Cost = Direct Material Used + Direct Labor + Manufacturing Overhead applied =351728

Asn F = Total WIP = Total Manufacturing + WIP 1/1/14 =373328

Ans G = Total WIP - End of WIP (12/31/14) = 356828

please find below tabel for rest of the cost

Case A Case B Case C Direct Material Used 50232 91000 73000 Direct Labor 57700 141700 141500 Manufacturing Overhhead applied 48468 119028 Total Manufacturing cost 156400 351728 214500 WIP 1/1/14 53600 21600 18400 Total WIP 210000 373328 232900 WIP 12/31/14 14800 16500 4800 Cost of goods manufactured 195200 356828 228100

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