Question: PLEASE FIX THE FIST PROBLEM !! && ANSWER SECOND 2 PLEASE !!! WILL !!! Primare Corporation has provided the following data concerning last month's manufacturing




Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $ 32,000 $ 4,680 $ 58,800 $ 88,400 $ 4,040 Inventories Raw materials Work in process Finished goods Beginning $ 11,300 $ 55,300 $ 34,300 Ending $ 18,400 $ 69,400 $ 43,600 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is Goods Sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the month. Primare Corporation Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory Add: Purchases of raw materials 11,300 32,000 Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor-hours required to support estimated production 135,000 Machine-hours required to support estimated production Fixed manufacturing overhead cost 67,500 $ 378,000 Variable manufacturing overhead cost per direct labor-hour $ 4.20 Variable manufacturing overhead cost per machine-hour $ 8.40 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials $ 196 Direct labor cost $ 238 Direct labor-hours 15 Machine-hours 5 Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor hours as the allocation base Under this approach a. Compute the plantwide predetermined overhead rate b. Compute the total manufacturing cost of Job 550 c. If Londen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550? 2. Assume thot Landen's controller belleves that machine-hours is a better allocation base than direkt labor-hours. Under this approach a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550 cIf Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550? (Round your intermediate calculations to 2 decimal places. Round your Predetermined Overhead Rate answers to 2 decimal places and all other answers to the nearest whole dollar) 1: Direct labor hours 1aPredetermined overhead rate 16 Total manufacturing cost of Job 550 per DLH
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