how that (a) the Assembly Department used $24,300 of direct raw materials and $45,300 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $111,680 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e 45 or parentheses e.g. (45).) Balance Assigning Overhead Raw Materials Inventory $ LA Manufacturing Costs Factory Labor +A Manufacturing Overhead $ $

how that (a) the Assembly Department used $24,300 of direct raw materials and $45,300 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $111,680 prior to assignment. (Enter negative amounts using either a negative sign preceding the number e 45 or parentheses e.g. (45).) Balance Assigning Overhead Raw Materials Inventory $ LA Manufacturing Costs Factory Labor +A Manufacturing Overhead $ $

Name: Manufacturing CostsFactory LaborManufacturing Overhead$$AssemblyWork
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Description: Manufacturing CostsFactory LaborManufacturing Overhead$$AssemblyWork in ProcessFinishing Cullumber Company purchases $50,600 of direct raw materials and it incurs $64,800 of direct factory labor costs. Supporting recordsshow that (a) the Assembly De

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Manufacturing cost data for Crane Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct la and the rate is the same. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 5,275.) Work in process 1/1/22 Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Total cost of work in process Work in process 12/31/22 Cost of goods manufactured Case A 38750 60000 (b) 52,000 43,680 151,476 209,560 (a) 199,992 (c) Case B $16,120 $86,320 145,600 231500 (e) (d) 369970 (f) 12,272 357770 (g)