Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate
Question:
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Selected manufacturing data follow:
Required:
Treating each case independently, find the missing amounts for letters a–l. You should do them in the orderlisted.
Transcribed Image Text:
Case 1 Case 2 Case 3 12,000 $15,000 Direct materials used Direct labor Manufacturing overhead applied Total current manufacturing costs Beginning work in process in Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Ending finished goods inventory Cost of goods sold Hint: For Case 3 (parts i. and j), first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead. 25,000 a. b. 10,000 12,000 C. 15,000 12,000 d. 18,000 45,000 35,000 9,000 k. 32,000 ventory 7,000 46,000 10,000 6,000 34,000 48,000
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Case 1 Case 2 Case 3 Direct material used 12000 15000 15000 Direct labor 25000 12000 8000 Manufacturing overhead applied 37500 18000 12000 Total curre...View the full answer
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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