FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Manufacturing cost data for Bonita 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 labor cost and the rate is the same. (Round overhead rate to 2 decimal
places, e.g. 15.25 and final answers to O decimal places, eg. 5,275.)
Case A
Case B
Direct materials used
$
(a)
$86,500
Direct labor
55,000
149,700
Manufacturing overhead applied
44,000
Total manufacturing costs
152,150
Work in process 1/1/22
Total cost of work in process
207,100
Work in process 12/31/22
Cost of goods manufactured
196,200
(b)
24,000
(c)
14,900
(d)
Case C
$64,150
(e)
214,000
(f)
18,600
(g)
229,700
(h)
(i)
(j)
(k)
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Transcribed Image Text:Manufacturing cost data for Bonita 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 labor cost and the rate is the same. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to O decimal places, eg. 5,275.) Case A Case B Direct materials used $ (a) $86,500 Direct labor 55,000 149,700 Manufacturing overhead applied 44,000 Total manufacturing costs 152,150 Work in process 1/1/22 Total cost of work in process 207,100 Work in process 12/31/22 Cost of goods manufactured 196,200 (b) 24,000 (c) 14,900 (d) Case C $64,150 (e) 214,000 (f) 18,600 (g) 229,700 (h) (i) (j) (k)
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