Question: Please help with questions 3 - 5 . Thank you. Part 1 : Relates to Module 1 8 and I have support videos in the
Please help with questions Thank you.
Part : Relates to Module and I have support videos in the Module Resources in the applicable weekly folder.
The scenario to this part is below and the requirements follow where you will answer the questions pertaining to this part.
Glass Company makes glass orders based on the customer specifications, so the company uses job costing to track costs.
The company uses direct labor hours as the cost driver for manufacturing overhead application.
The company estimated the following manufacturing overhead costs for the year: $
The company estimated the following usage of directlabor hours for the year:
Beginning Workinprocess, March Job $
Beginning Finished Goods, March Job $
Labor Information for March:
Directlabor hours:
Job
Job
Job
Labor costs in factory:
Directlabor wages $
Indirectlabor wages $
Material Information for March:
Raw Materials, Inventory, March $
Purchase or raw material $
Direct materials requisitioned:
Job $
Job $
Job $
Other costs incurred in March:
Factory Utilities $
Sales offices Utilities $
Administrative offices Utilities $
Factory equipment repair and maintenance costs $
Depreciation on factory equipment $
Manufacturing supplies purchased and used $
During March the following jobs were completed :
Job
Job
During March the following jobs were sold for the following amounts:
Job $
Job $
Required: You need to use cell references to provide answers and calculations. There are questions in Part
Develop the predetermined overhead rate.
Pre determine Overhad rate Estimated Manufacturing overhead rateDirect labor hours $$
Complete the job cost sheets provided below for the month of March:
Job Job Job
Beginning Balance $
Current costs:
Direct materials $ $
Direct Labor @$ $ Hint: You need to calculate the hourly rate and then compute direct labor cost per job.
Applied overhead @ $ $ $
Total $ $ $
Determine the ending WorkInProcess Inventory at the end of March and provide the Job number of the jobs still in WorkinProcess at the end of March and the determine total cost of ending work in process for March.
Determine the ending Finished Goods for March and provide the Job numbers of the jobs in Finished Goods at the end of March and determine the total cost of ending finished goods for March.
Determine the Cost of Goods Sold for March and provide the Job number of the Jobs in Cost of Goods Sold for March and determine the total cost of goods sold for March.
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