Wildhorse Sports has determined the following unit costs for each of its products: Pants Jerseys Jackets...
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Wildhorse Sports has determined the following unit costs for each of its products: Pants Jerseys Jackets Direct materials $5.00 $11.00 $54.00 Direct labor 4.00 3.00 24.00 Manufacturing overhead 5.00 3.75 30.00 Total unit cost $14.00 $17.75 $108.00 Sales price per unit $17.00 $21.95 $173.00 On May 31, Wildhorse Sports' Work in Process Inventory consisted of the following items: Job Units Accumulated Cost PA-1247-Pants 100 $950 JE-1397-Jerseys 200 2,830 JA 426-Jackets 50 4,050 $7,830 During June, a total of $222,400 in direct materials and $133,380 in direct labor costs were incurred. Units finished and sold during June were as follows: Product Units Finished Units Sold Pants 13,500 14,000 Jerseys 3,200 3,100 Jackets 2,500 2,500 (a) Your Answer Correct Answer Your answer is correct. Given that Wildhorse Sports uses direct labor dollars as its application base, what is the company's predetermined overhead rate? (Round answer to O decimal places, e.g. 15%.) Predetermined overhead rate 125 % (c) Your answer is correct. Calculate the total manufacturing cost for June. (Round answer to O decimal places, e.g. 5,275.) Total manufacturing cost $ 522505 eTextbook and Media Your answer is correct. Calculate the Cost of Goods Manufactured for June. (Round answer to O decimal places, e.g. 5,275.) Cost of Goods Manufactured $ 515800 (d) eTextbook and Media Attempts: 1 of 3 used Attempts: 1 of 3 used Your answer is correct. Calculate the Ending Work in Process Inventory balance on June 30. (Round answer to O decimal places, e.g. 5,275.) Ending Work in Process Inventory balance $ 14535 eTextbook and Media Attempts: 2 of 3 used Calculate Cost of Goods Sold for June. (Round answer to O decimal places, e.g. 5,275.) Cost of Goods Sold $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Wildhorse Sports has determined the following unit costs for each of its products: Pants Jerseys Jackets Direct materials $5.00 $11.00 $54.00 Direct labor 4.00 3.00 24.00 Manufacturing overhead 5.00 3.75 30.00 Total unit cost $14.00 $17.75 $108.00 Sales price per unit $17.00 $21.95 $173.00 On May 31, Wildhorse Sports' Work in Process Inventory consisted of the following items: Job Units Accumulated Cost PA-1247-Pants 100 $950 JE-1397-Jerseys 200 2,830 JA 426-Jackets 50 4,050 $7,830 During June, a total of $222,400 in direct materials and $133,380 in direct labor costs were incurred. Units finished and sold during June were as follows: Product Units Finished Units Sold Pants 13,500 14,000 Jerseys 3,200 3,100 Jackets 2,500 2,500 (a) Your Answer Correct Answer Your answer is correct. Given that Wildhorse Sports uses direct labor dollars as its application base, what is the company's predetermined overhead rate? (Round answer to O decimal places, e.g. 15%.) Predetermined overhead rate 125 % (c) Your answer is correct. Calculate the total manufacturing cost for June. (Round answer to O decimal places, e.g. 5,275.) Total manufacturing cost $ 522505 eTextbook and Media Your answer is correct. Calculate the Cost of Goods Manufactured for June. (Round answer to O decimal places, e.g. 5,275.) Cost of Goods Manufactured $ 515800 (d) eTextbook and Media Attempts: 1 of 3 used Attempts: 1 of 3 used Your answer is correct. Calculate the Ending Work in Process Inventory balance on June 30. (Round answer to O decimal places, e.g. 5,275.) Ending Work in Process Inventory balance $ 14535 eTextbook and Media Attempts: 2 of 3 used Calculate Cost of Goods Sold for June. (Round answer to O decimal places, e.g. 5,275.) Cost of Goods Sold $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
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