berman miller, inc. manufactures desks, chairs, file cabinets, a

Project Description:

berman miller, inc. manufactures desks, chairs, file cabinets, and similar office products in batches for inventory stock. assume that herman miller's production costs are accounted for using a job cost system. at the beginning of april 2009, raw materials inventories totaled $8,500,000, manufacturing supplies amounted to $1,200,000 and finished goods inventories totaled $6,000,000. two jobs were in process: job 522 with assigned costs of $5,640,000 and job 523 with assigned costs of $2,400,000. the following information summarizes april manufacturing activities:purchased raw materials costing $25,000,000 on account.purchased manufacturing supplies costing $3,000,000 on account.requisitioned materials needed to complete job 523. started two new jobs, 524 and 525, and requisitioned direct materials for them.direct materialsjob 523 ……………………. $ 3,000,000job 524 ……………………. 12,900,000job 525 ……………………. 9,600,000total ………………………. $25,500,000recorded april salaries and wages as follows:direct laborjob 522 (300,000 hours x $12 per hour) ……………………. $ 3,600,000job 523 (800,000 hours x $12 per hour) ……………………. 9,600,000job 524 (1,200,000 hours x $12 per hour) ………………….. 14,400,000job 525 (1,000,000 hours x $12 per hour) ………………….. 12,000,000total direct labor …………………………………………….. 39,600,000indirect labor …………………….…………………………… 6,400,000total …………………….…………………….……………… $46,000,000used manufacturing supplies costing $2,250,000.recognized depreciation on factory fixed assets of $4,000,000.incurred miscellaneous manufacturing overhead costs of $5,500,000 on account.applied manufacturing overhead at the rate of $6 per direct labor hour.completed jobs 522, 523, and 524.requiredprepare a complete analysis of all activity in work-in-process. be sure to show the beginning and ending balances, all increases and decreases, and label each item. provide support information on decreases with job cost sheets.
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 11
1 Current viewersl
10 Total views
Project posted by:

Proposals

Proposals Reputation Price offered