Question: Frodo Backpacks, Inc. manufacture small-batch backpacks specifically designed for high intensity adventures, such as a perilous journey to Mount Doom to save the world. They
Frodo Backpacks, Inc. manufacture small-batch backpacks specifically designed for high intensity adventures, such as a perilous journey to Mount Doom to save the world. They use a traditional method of allocating the manufacturing overhead costs. The total estimated manufacturing overheads costs is $560,160. The total estimated cost driver is 22,000 machine hours.
During the month of March, Frodo Backpacks worked on two different jobs. Job M-203 was completed, but not sold. Job D-682 was finished and sold. Data for the jobs are as follows:
| Job M-203 | Job D-682 | |
| Beginning balance | $28,500 | $26,200 |
| Direct materials | $46,720 | $38,900 |
| Direct labor costs | $33,400 | $40,500 |
| Actual machine hours | 5,600 machine hours | 6,300 machine hours |
1.Using the information provided, please calculate the total applied manufacturing overhead costs for Job M-203. Round your answer to the nearest whole dollar. Do not use the "$" sign.
2.Using the information provided, please calculate the total applied manufacturing overhead costs for Job D-682. Round your answer to the nearest whole dollar. Do not use the "$" sign.
3.Using the information provided, please calculate the finished goods inventory ending balance for March. Round your answer to the nearest whole dollar. Do not use the "$" sign.
4.Using the information provided, please calculate the cost of goods sold for March. Round your answer to the nearest whole dollar. Do not use the "$" sign.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
