ion.com Chapter 2 pt 1 HW - ACCT-204-09 - Managerial Acco... Chapter 2 Part 1 homework My Questions | bartleby Question 11 (of 11) 5 Ways to Take a Scree 11. value: 10.00 points E2-6 Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6] Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manu first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) (Do not round your intermediate calculati answers to the nearest whole dollar. Enter all amounts as positive values.) Case 1 Case 2 Case 3 Direct material used 12,000 3,667 14,700 Direct labor 11,000 8,333 Manufacturing overhead applied 16,500 12,500 Total current manufacturing costs 39,500 24,500 32,100 Beginning work in process inventory 34,900 10,000 7,800 Ending work in process inventory 5,500 9,400 Cost of goods manufactured 44,000 50,000 22,001 Beginning finished goods inventory 3,500 11,400 Ending finished goods inventory 22,400 8,400 5,500 Cost of goods sold 39,100 39,000 40,000 CX Hints References eBook & Resources 4,048 1 SEP 28 wN 2 6 W x
ion.com Chapter 2 pt 1 HW - ACCT-204-09 - Managerial Acco... Chapter 2 Part 1 homework My Questions | bartleby Question 11 (of 11) 5 Ways to Take a Scree 11. value: 10.00 points E2-6 Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6] Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost. Required: Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manu first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) (Do not round your intermediate calculati answers to the nearest whole dollar. Enter all amounts as positive values.) Case 1 Case 2 Case 3 Direct material used 12,000 3,667 14,700 Direct labor 11,000 8,333 Manufacturing overhead applied 16,500 12,500 Total current manufacturing costs 39,500 24,500 32,100 Beginning work in process inventory 34,900 10,000 7,800 Ending work in process inventory 5,500 9,400 Cost of goods manufactured 44,000 50,000 22,001 Beginning finished goods inventory 3,500 11,400 Ending finished goods inventory 22,400 8,400 5,500 Cost of goods sold 39,100 39,000 40,000 CX Hints References eBook & Resources 4,048 1 SEP 28 wN 2 6 W x
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
I do not understand how to do case 3 and how to find the conversion cost to find the missing entries.
![ion.com
Chapter 2 pt 1 HW - ACCT-204-09 - Managerial Acco...
Chapter 2 Part 1 homework
My Questions | bartleby
Question 11 (of 11)
5 Ways to Take a Scree
11.
value:
10.00 points
E2-6 Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6]
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost.
Required:
Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manu
first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) (Do not round your intermediate calculati
answers to the nearest whole dollar. Enter all amounts as positive values.)
Case 1
Case 2
Case 3
Direct material used
12,000
3,667
14,700
Direct labor
11,000
8,333
Manufacturing overhead applied
16,500
12,500
Total current manufacturing costs
39,500
24,500
32,100
Beginning work in process inventory
34,900
10,000
7,800
Ending work in process inventory
5,500
9,400
Cost of goods manufactured
44,000
50,000
22,001
Beginning finished goods inventory
3,500
11,400
Ending finished goods inventory
22,400
8,400
5,500
Cost of goods sold
39,100
39,000
40,000
CX
Hints
References
eBook & Resources
4,048
1
SEP
28
wN
2
6
W
x](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc538f540-c09d-453f-b85d-1302807e9c91%2F46594d62-4ea6-410c-8b24-716b2879c2f5%2Fsj47h4p.jpeg&w=3840&q=75)
Transcribed Image Text:ion.com
Chapter 2 pt 1 HW - ACCT-204-09 - Managerial Acco...
Chapter 2 Part 1 homework
My Questions | bartleby
Question 11 (of 11)
5 Ways to Take a Scree
11.
value:
10.00 points
E2-6 Finding Unknown Values in the Cost of Goods Manufactured Report [LO 2-3, 2-6]
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost.
Required:
Treating each case independently, selected from the manufacturing data given below, find the missing amounts. You should do them in the order listed. (Hint: For the manu
first solve for conversion costs and then determine how much of that is direct labor and how much is manufacturing overhead.) (Do not round your intermediate calculati
answers to the nearest whole dollar. Enter all amounts as positive values.)
Case 1
Case 2
Case 3
Direct material used
12,000
3,667
14,700
Direct labor
11,000
8,333
Manufacturing overhead applied
16,500
12,500
Total current manufacturing costs
39,500
24,500
32,100
Beginning work in process inventory
34,900
10,000
7,800
Ending work in process inventory
5,500
9,400
Cost of goods manufactured
44,000
50,000
22,001
Beginning finished goods inventory
3,500
11,400
Ending finished goods inventory
22,400
8,400
5,500
Cost of goods sold
39,100
39,000
40,000
CX
Hints
References
eBook & Resources
4,048
1
SEP
28
wN
2
6
W
x
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education