Question: please state the cell references to answer the questions. I need numbers 2 and 3. Thank yoy B2 D E 1 2 Stanford Enterprises uses

please state the cell references to answer the questions. I need numbers 2 and 3. Thank yoy
please state the cell references to answer the questions. I need numbers
2 and 3. Thank yoy B2 D E 1 2 Stanford Enterprises
uses job-order costing. 3 Overhead is applied on the basis of direct

B2 D E 1 2 Stanford Enterprises uses job-order costing. 3 Overhead is applied on the basis of direct labor hours. 4 5. The following information relates to the year just ended. 6 Data: 7. Estimated total overhead costs $275,000 8 Estimated total direct labor hours 25,000 9. Actual total direct labor hours 27,760 10 11 Actual costs for the year: 12 Purchase of raw (direct) materials $375,000 13 Direct labor cost $536,300 14 Manufacturing overhead $302,750 15 16 Inventories: Beginning Ending 17 Raw (Direct) Materials $15,000 $11,375 18 Work in Process 27,875 22,350 19 Finished Goods 34,600 26,450 20 21 Required: 22 Use the data to fill in the following information 23 (Use cells B6 to C18 from the given information to complete this question. If overhead is overapplied, your answer 24 should be displayed as a negative value. All answers should be input and displayed as positive values.) 25 26 1. Overhead: Actual overhead cost $302,750 28 Predetermined overhead rate $11.00 29 Actual direct labor hours 27.760 30 Total overhead applied 305,360 31 (Over) or under applied overhead ($2,610) 32 D A C (Use cells B6 to CIB From the given information to complete this question. It overhead is overapplied, your answer 24 should be displayed as a negative value. All answers should be input and displayed as positive values:) 25 26 1. Overhead: 27 Actual overhead cost 5302,750 28 Predetermined overhead rate $11.00 29 Actual direct labor hours 27,760 30 Total overhead applied 305,360 3: (Over) or under applied overhead ($2,610) 32 33 2. Prepare a schedule of cost of goods manufactured: 34 35 (Use cells 86 to 18 from the given information to complete this question. All answers should be input and display 36 37 Stanford Enterprises 38 Schedule of Cost of Goods Manufactured 39 Direct materials: 40 Raw materials inventory, beginning $15,000 Add: Purchases of raw materials 375.000 42 Total raw materials available Deduct: Raw materials inventory, ending Raw materials used in production 45 Direct labor 46 Applied manufacturing overhead 47 Total manufacturing costs 48 Add: Beginning work in process inventory 49 Total cost of work in process 50 Deduct: Ending work in process inventory 51 Cost of goods manufactured 52 5 3. Prepare a schedue of cost of goods sold. 54 Use cells B6 to Cis from the given information to complete this question. If overhead is overapplied, your answer s should be displayed as a negative value. All answers should be input and displayed as positive values.) S6 57 Stanford Enterprises 5 Sthedule of Cost of Goods Sold 59 Finished goods Inventory, beginning Graded Worksheet 44 842 D E G H 53 3. Prepare a schedue of cost of goods sold. 54 (Use cells B6 to 018 from the given information to complete this question. If overhead is overapplied, your answer 55 should be displayed as a negative value. All answers should be input and displayed as positive values.) 56 57 Stanford Enterprises 58 Schedule of Cost of Goods Sold 59 Finished goods inventory beginning 60 Add: Cost of goods manufactured 61 Cost of goods available for sale 62 Deduct: Finished goods inventory, ending 63 Unadjusted cost of goods sold 64 Underapplied (overapplied) overhead 65 Adjusted cost of goods sold GG

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!