Question: please solve (c-f) Current Attempt in Progress Oriole Company uses a job order cost system and applies overhead to production on the basis of direct









Current Attempt in Progress Oriole Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2022, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $22,600, direct labor $13,560, and manufacturing overhead $18,080. As of January 1, Job 49 had been completed at a cost of $101.700 and was part of finished goods inventory. There was a $16,950 balance in the Raw Materials inventory account During the month of January, Oriole Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were sold during the month. The following additional events occurred during the month 1 2. 3 Purchased additional raw materials of $101.700 on account Incurred factory labor costs of $79,100. Incurred manufacturing overhead costs as follows: indirect materials $19.210; indirect labor $22,600; depreciation expense on equipment $13,560: and various other manufacturing overhead costs on account $18.080, Assigned direct materials and direct labor to jobs as follows. 1 Job No. Direct Materials Direct Labor 50 $11,300 $5,650 51 44,070 28,250 52 33,900 22,600 (a) Your answer is correct Calculate the predetermined overhead rate for 2022, assuming Oriole Company estimates total manufacturing overhead costs of $949 200, direct labor costs of $791.000, and direct labor hours of 22,600 for the year. (Round answer to the nearest whole percent, es. 25%) Your answer is correct. Calculate the predetermined overhead rate for 2022, assuming Oriole Company estimates total manufacturing overhead costs of $949,200, direct labor costs of $791,000, and direct labor hours of 22,600 for the year. (Round answer to the nearest whole percent, eg. 25%) Predetermined overhead rate 120 % e Textbook and Media Attempts: 1 of 3 used (b) Your answer is correct. Open job cost sheets for Jobs 50,51 and 52. Enter the January 1 balances on the job cost sheet for Job 50, Job No. 50 Date Direct Materials Direct Labor Manufacturing Overhead Beg 22600 $ 13560 $ 18080 Jan 11300 5650 6780 $ 23900 S 19210 $ 24860 Question 13 of 13 > 0.4/1 III Cost of completed job Direct materials 33900 Direct labor 19210 Manufacturing Overhead 2840 Total cost Job No.51 Date Direct Materials Direct Labor Manufacturing Overhead $ 44070 Jan 28250 33900 44070 $ 28250 33900 Cost of completed job $ 44070 Direct materials 28250 Direct labor 31.900 Manufacturing overhead 104220 Total cost Job No. 52 Date Direct Materials Direct Labor Manufacturing Overhead Jan. $ 33900 22600 $ 27120 e Textbook and Media Attempts: 2 of 3 used (c)-(0) (c) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January, Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as (d) necessary le) Total the job cost sheets for any lob(s) completed during the month. Record the completion of any job(s) during the month Record the sale of any job(s) during the month (Enter negative amounts using either a negative sin preceding the numberes45 or parentheseses (450) Manufacturing Costs Factory Labor Raw Materials Inventory Manufacturing Overhead (c) Purchase raw materials 101700 Incurred factory labor 79100 Factory depreciation Other overhead costs Indirect materials Indirect labor (d) Direct materials Direct labor Assigned overhead le) Jobs completed (0) Jobs sold eTextbook and Media Save for Later Attempts: 0 of 3 used Submit
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