Please Complete step 6

Please Complete Step 6

Job Cost Sheet Direct Materials: Cost Summary \begin{tabular}{|l|r|} \hline Direct Materials & $5,310.00 \\ \hline Direct Labor & $1,950.00 \\ \hline Manufacturing Dverhead & $1,650.00 \\ \hline Total Product Cost & $8,910.00 \\ \hline Unit Product Cost & $8,910.00 \\ \hline & \\ \hline \end{tabular} Job Cost Sheet Direct Materials: Depreciation Expense You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. The company does not have indirect materials You will be keeping track of the costs incurred to manufacture the tables using Job \#1 Cost Sheet and Job \#2 Cost Sheet. The cost of the direct materials that can be used to manufacture the table are as follows. Assume a $65 per hour wage rate to the assembly employees. The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours. The company estimates that there will be 120 direct labor hours worked during the month. Step 5 Use the following check figures and make any necessary corrections. Check Figure 1: Cost of Goods Manufactured Check Figure 2: Net Operating Income $12,100$9,050 Step 6 Answer the following additonal questions. Be sure to write all numbers as positive and no answer should be left blank. 2 What is the ending balance for raw materials? 3 What is the ending balance for work in process? 4 What is the ending balance for finished goods? 5 What is the ending balance for accounts payable? 6 From the Schedule of Cost of Goods Manufactured, what are the raw materials used in production? 7 What is the actual manufacturing overhead cost incurred during December? 8 What is the total applied manufacturing overhead cost during December? 9 What is the unadjusted cost of goods sold? 10 Was the manufacturing overhead for month December overapplied/underapplied? Enter either underapplied or overapplied. 11 What is the dollar amount of overapplied/underapplied manufacturing overhead? 12 What is the adjusted cost of goods sold? 13 What is the gross margin (in dollars) from the income statement? 14 What is the total prime cost from the Job \#1 Cost Sheet? 15 What is the total conversion cost from the Job \#1 Cost Sheet? 16 What is the total product cost from the Job \#1 Cost Sheet? 17 What was the period cost incurred for the month of December? 18 What is the contribution margin (in dollars) for Job \#1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed.) If job\#1 was for five tables instead of one, what would be the total amount of variable cost recorded on Job \#1's cost sheet?? If the factory has the capacity to produce five tables each month, what would be the total 20 actual fixed manufacturing overhead cost (in dollars) incurred if five tables were produced instead of one? Job Cost Sheet Direct Materials: Cost Summary \begin{tabular}{|l|r|} \hline Direct Materials & $5,310.00 \\ \hline Direct Labor & $1,950.00 \\ \hline Manufacturing Dverhead & $1,650.00 \\ \hline Total Product Cost & $8,910.00 \\ \hline Unit Product Cost & $8,910.00 \\ \hline & \\ \hline \end{tabular} Job Cost Sheet Direct Materials: Depreciation Expense You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. The company does not have indirect materials You will be keeping track of the costs incurred to manufacture the tables using Job \#1 Cost Sheet and Job \#2 Cost Sheet. The cost of the direct materials that can be used to manufacture the table are as follows. Assume a $65 per hour wage rate to the assembly employees. The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours. The company estimates that there will be 120 direct labor hours worked during the month. Step 5 Use the following check figures and make any necessary corrections. Check Figure 1: Cost of Goods Manufactured Check Figure 2: Net Operating Income $12,100$9,050 Step 6 Answer the following additonal questions. Be sure to write all numbers as positive and no answer should be left blank. 2 What is the ending balance for raw materials? 3 What is the ending balance for work in process? 4 What is the ending balance for finished goods? 5 What is the ending balance for accounts payable? 6 From the Schedule of Cost of Goods Manufactured, what are the raw materials used in production? 7 What is the actual manufacturing overhead cost incurred during December? 8 What is the total applied manufacturing overhead cost during December? 9 What is the unadjusted cost of goods sold? 10 Was the manufacturing overhead for month December overapplied/underapplied? Enter either underapplied or overapplied. 11 What is the dollar amount of overapplied/underapplied manufacturing overhead? 12 What is the adjusted cost of goods sold? 13 What is the gross margin (in dollars) from the income statement? 14 What is the total prime cost from the Job \#1 Cost Sheet? 15 What is the total conversion cost from the Job \#1 Cost Sheet? 16 What is the total product cost from the Job \#1 Cost Sheet? 17 What was the period cost incurred for the month of December? 18 What is the contribution margin (in dollars) for Job \#1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed.) If job\#1 was for five tables instead of one, what would be the total amount of variable cost recorded on Job \#1's cost sheet?? If the factory has the capacity to produce five tables each month, what would be the total 20 actual fixed manufacturing overhead cost (in dollars) incurred if five tables were produced instead of one