Question: The first image is the same chart as in image 2 and 3, just bigger and clearer in case it is not very clear on

 The first image is the same chart as in image 2and 3, just bigger and clearer in case it is not veryclear on image 2 and 3. Please be precise on the answers

The first image is the same chart as in image 2 and 3, just bigger and clearer in case it is not very clear on image 2 and 3. Please be precise on the answers for each box on both questions. Thank you!

Required information The Foundational 15 (Static) [LO3-1, LO3-2, LO3-3, LO3-4] [The following information applies to the questions displayed below.] Bunnell Corporation is a manufacturer that uses job-order costing. On January 1 , the company's inventory balances were as follows: The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $16.25 per direct labor-hour was based on a cost formula that estimated $650,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $510,000. b. Raw materials used in production, $480,000. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $600,000; indirect labor, $150,000; selling and administrative salaries, $240,000. d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $367,000. e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities), $500,000. f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year. g. Jobs costing $1,680,000 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $2,800,000. The jobs cost $1,690,000 to manufacture according to their job cost sheets. Required Information The Foundational 15 (Static) [LO3-1. LO3-2, LO3-3, LO3-4] [The following informotion opplies to the questions disployed below] Bunnell Corporation is a manufacturer that uses job-order costing. On January 1 , the company's inventory belances were as folliows: The compony applies overhed cost to jobs on the bosis of direct isbor-hours. For the current year, the compsny's predetermined overhesd rete of $16.25 per direct lobor-hour was bosed on a cost formula that estimated $650,000 of total menufacturing overhesd for en estimated activity level of 40,000 direct labor-hours. The following trensoctions were recorded for the year: a. Row materials were purchased on account, $510,000. b. Row moterials used in production, $480,000. All of of the raw materials were used 8 s direct materisls. c. The following costs were accrued for employee services: direct labor, $600,000; indirect isbor, $150,000; selling snd sdministrotive soleries, $240,000. d. Incurred various selling and soministrative expenses (e.g. odvertising, soles trovel costs, ond finished goods warehousing), $367,000. e. Incurred verious manufacturing overhesd costs (e.9., depreciation, insurance, and utilities), $500,000. f. Manufacturing overhesd cost was applied to production. The compeny sctually worked 41,000 direct lebor-hours on all jobs during the year. 9. Jobs costing $1,680,000 to menufacture sccording to their job cost sheets were completed during the yesr. h. Jobs were sold on account to customers during the year for s total of $2,800,000. The jobs cost $1,690,000 to manufacture occording to their job cost sheets. Foundational 3-1 (Static) Required: 1. What is the joumal entry to record rew materials used in production? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required informatlon The Foundational 15 (Static) [LO3-1, LO3-2, LO3-3, LO3-4] [The following informotion opplies to the questions disployeo below.] Bunnell Corporation is a manufacturer that uses job-order costing. On January t, the company's inventory balances were as follows: The compony spplies overhesd cost to jobs on the bosis of direct lobor-hours. For the current yesr, the compsny's predetermined overhesd rate of $16.25 per direct labor-hour wos bosed on a cost formula that eatimated $650,000 of total manufacturing overhesd for an estimsted activity level of 40,000 direct labor-hours. The following trensactions were recorded for the year: a. Row materials were purchssed on account, $510,000. b. Raw materials used in production, $480,000. All of of the row materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $600,000; indirect labor, $150,000; selling and sdministretive sularies, $240,000. d. Incurred various selling and soministrative expenses (e.g. advertising. sales trovel costs, and finished goods warehousing), $367,000. e. Incurred various manufocturing overhesd costs (e.g., depreciation, insurance, and utilities), $500,000. f. Manufocturing overhesd cost was opplied to procuction. The compsny sctually worked 41,000 direct labor-hours on all jobs during the yesr. 9. Jobs costing $1,680,000 to manufscture sccording to their job cost sheets were completed during the yesr. h. Jobs were sold on account to customers during the yeor for s totel of $2,800,000. The jobs cost $1,690,000 to menufocture according to their job cost sheets. Foundational 3-3 (Static) 3. Whst is the joumal entry to record the labor costs incurred during the yeor? (If no entry is required for a transactlon/event, select "No journal entry requlred" in the first account field.)

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