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. (P places, e.g. 15.25 and final answers to O decimal places, e.g. 5,275.) Case A Case B Case C Direct materials used (a) $86,500 $64,150 Direct labor 55,000 149,700 Manufacturing overhead applied 44,000 Total manufacturing costs 152,150 (d) (e) 214,000 Work in process 1/1/22 (b) 24,000 18,600 Total cost of work in process 207,100 Work in process 12/31/22 Cost of goods manufactured 196,200 (f) (c) 14,900 (g) 229,700 (4) (i) (i) (k)
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. (P places, e.g. 15.25 and final answers to O decimal places, e.g. 5,275.) Case A Case B Case C Direct materials used (a) $86,500 $64,150 Direct labor 55,000 149,700 Manufacturing overhead applied 44,000 Total manufacturing costs 152,150 (d) (e) 214,000 Work in process 1/1/22 (b) 24,000 18,600 Total cost of work in process 207,100 Work in process 12/31/22 Cost of goods manufactured 196,200 (f) (c) 14,900 (g) 229,700 (4) (i) (i) (k)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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