Help Last edit was 1 hour ago mal text 23 +5 Times New... - 12 + BIU A E DE E 1 Robinson Company had one job in process at the beginning of the period (Job A). During the period, Robinson began work on Jobs B, C, and D. At the end of the period, Jobs A and B had been sold, Job C was finished, and Job D was still in process. Direct labor is paid $12 per hour. Robinson applies overhead to jobs based on machine hours. The budgeted overhead for the year was $500,000 and budgeted machine hours were 40,000. The inventory balances at the beginning of the year were: Direct materials inventory $140,000 Work-in-process inventory 235,000 Finished goods inventory -0- The following relevant events occurred during the period: 1. Purchased direct materials costing S105,000. 2. Issued direct materials into production: Job A $25,000 Job B 80,000 Job C 70,000 Job D 50,000 3. Issued indirect materials into production, $15,000 4. Used direct labor hours Job A 5,000 Job B 10,000 Job C 8,000 Job D 6,000 5. Used indirect labor. S150,000 6. Other overhead costs incurred, $275,000 7. Machine hours used laha LO TAP MICRO Fall X Honors Earth x High Ground W X W Chapter 9 Quiz XW t/d/1HppcbHos8Y5uqHzIWIAGOZUpc78fAAGgSnFfuvjfbU/edit Tools Add-ons Help Last edit was 1 hour ago ext 4 5 Times New.. 12 + BIU A ' GO PO 2 7. Machine hours used Job A 4,000 Job B 16,000 Job C 10,000 Job D 6,000 8. Selling and administrative costs incurred, $200,000 9. Selling prices determined JobA S560,000 Job B 610,000 Required: 1. Determine the cost of each job. 2. Determine the profit before taxes for the period (don't forget under-or overapplied overhead). 3. Determine the ending inventory balances. 3 In-Class Case 9B Add-ons Help Lasl etil Was 10 ago Times New.. 12 + BIU A 1 2. 3 4. 5 The following annual budgeted information is available for Walker Company. Activity Using machines Estimated Usage 20,000 Managing quality 5,000 36 Setting up machines Packing Assembling Estimated Cost Cost Driver $720,000 Number of machine hours 600,000 Number of inspections 360,000 Number of production runs 480,000 Number of units 240,000 Number of direct labor hours 2,500,000 square feet 620,000 Number of orders placed 50,000 100,000 Using factory Ordering 250,000 49,600 *Note: Using the factory is a facility cost, square feet are only used to allocate the cost. During the month, Walker consumed the following cost drivers for its 2 products: Machine hours Inspections Production runs Units produced Direct labor hours Square feet Product A 1.000 240 1 2,000 4.000 100.000 Product B 600 150 2 2,000 4.000 150,000 Note: Using the factory is a facility cost, square feet are only used to allocate the ca During the month, Walker consumed the following cost drivers for its 2 products: Machine hours Inspections Production runs Units produced Direct labor hours Square feet Number of orders Product A 1,000 240 1 2,000 4.000 100,000 1,250 Product B 600 150 2 2,000 4,000 150,000 3,000 Required: 1. 2. 3. Calculate the manufacturing overhead rate for each cost pool. Determine the overhead allocated to each product line. Determine the overhead cost per unit for each product line