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 crder listed (Hnt For the manutactuning costs in Case 3 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 calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values.) Case 1 Case 2 Case 3 Direct material used 16.000 11,400 Direct labor Manufacturing overhead applied Total current manufacturing costs 14,000 6.840 11.000 10 260 26.500 28,500 Beginning work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Ending finished goods inventory 8,400 7,400 5,300 9.300 48.000 25.00 M 4,300 11,000 8.600 5,200 Cost of goods sold 39.000 36.000

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 crder listed (Hnt For the manutactuning costs in Case 3 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 calculations. Round your final answers to the nearest whole dollar. Enter all amounts as positive values.) Case 1 Case 2 Case 3 Direct material used 16.000 11,400 Direct labor Manufacturing overhead applied Total current manufacturing costs 14,000 6.840 11.000 10 260 26.500 28,500 Beginning work in process inventory Ending work in process inventory Cost of goods manufactured Beginning finished goods inventory Ending finished goods inventory 8,400 7,400 5,300 9.300 48.000 25.00 M 4,300 11,000 8.600 5,200 Cost of goods sold 39.000 36.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Jan 2. The following assets were received from Dalton McDonald in exchange for capital in the company: cash - $200,000, accounts receivable - $61,000, supplies - $90,000, and furniture- $400,000 Post entries in respective ledger accounts
How suboptimization can occur?
Elements of required return - establish a MARR? Explain how/
Define Explicit Interest.
Explain title Mechanics’ Liens?
Distinguish between participating or nonparticipating?
Subject to appreciation definition
what is stare basis?
Explain the Abstract and Opinion Method?
How is the process of the NPW measure implemented with the decision rule?