Requlred Informatlon The Foundational 15 (Algo) [LO3-1, LO3-2, LO3-3, LO3-4] [The following Information applies to the questions displayed below.] Bunnell Corporation Is a manufacturer that uses Job-order costing. On January 1, the company's Inventory balances were as follows: $ 66,000 $ 33,600 $ 38,400 Raw materials Work in process Finished goods The company applies overhead cost to Jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $13.50 per direct labor-hour was based on a cost formula that estimated $540,o00 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $684,000. b. Raw materlals used in production, $646,400. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $490,000; Indirect labor, $150,000o; selling and administrative salarles, $319,000. d. Incurred varlous selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $423,000. e. Incurred varlous manufacturing overhead costs (e.g., depreclation, Insurance, and utilities), $390,000. f. Manufacturing overhead cost was appled to production. The company actually worked 41,000 dırect labor-hours on all Jobs during the year. g. Jobs costing $1,623,300 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $3,547,500. The Jobs cost $1,633,300 to manufacture according to their Job cost sheets. Foundational 3-4 (Algo) 4. What Is the total amount of manufacturing overhead applied to production during the year? Manufacturing overhead applied 1,676,400
Requlred Informatlon The Foundational 15 (Algo) [LO3-1, LO3-2, LO3-3, LO3-4] [The following Information applies to the questions displayed below.] Bunnell Corporation Is a manufacturer that uses Job-order costing. On January 1, the company's Inventory balances were as follows: $ 66,000 $ 33,600 $ 38,400 Raw materials Work in process Finished goods The company applies overhead cost to Jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $13.50 per direct labor-hour was based on a cost formula that estimated $540,o00 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $684,000. b. Raw materlals used in production, $646,400. All of of the raw materials were used as direct materials. c. The following costs were accrued for employee services: direct labor, $490,000; Indirect labor, $150,000o; selling and administrative salarles, $319,000. d. Incurred varlous selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $423,000. e. Incurred varlous manufacturing overhead costs (e.g., depreclation, Insurance, and utilities), $390,000. f. Manufacturing overhead cost was appled to production. The company actually worked 41,000 dırect labor-hours on all Jobs during the year. g. Jobs costing $1,623,300 to manufacture according to their job cost sheets were completed during the year. h. Jobs were sold on account to customers during the year for a total of $3,547,500. The Jobs cost $1,633,300 to manufacture according to their Job cost sheets. Foundational 3-4 (Algo) 4. What Is the total amount of manufacturing overhead applied to production during the year? Manufacturing overhead applied 1,676,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I just need the answer for question 4
What is the total amount of manufacturing
![!
Requlred Informatlon
The Foundational 15 (Algo) [LO3-1, LO3-2, LO3-3, LO3-4]
[The following information applies to the questions displayed below.]
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were
as follows:
$ 66,000
$ 33,600
$ 38,400
Raw materials
Work in process
Finished goods
The company applies overhead cost to Jobs on the basis of direct labor-hours. For the current year, the company's
predetermined overhead rate of $13.50 per direct labor-hour was based on a cost formula that estimated $540,o00 of
total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were
recorded for the year:
a. Raw materials were purchased on account, $684,000.
b. Raw materials used in production, $646,400. AlIl of of the raw materials were used as direct materials.
C. The following costs were accrued for employee services: direct labor, $490,000; Iindirect labor, $150,000; selling and
administrative salaries, $319,000.
d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods
warehousing), $423,000.
e. Incurred various manufacturing overhead costs (e.g., depreciation, Insurance, and utilities), $390,000.
f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all
jobs during the year.
g. Jobs costing $1,623,300 to manufacture according to their job cost sheets were completed during the year.
h. Jobs were sold on account to customers during the year for a total of $3,547,500. The jobs cost $1,633,300 to
manufacture according to their job cost sheets.
Foundational 3-4 (Algo)
4. What is the total amount of manufacturing overhead applied to production during the year?
Manufacturing overhead applied
1,676,400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f61e626-7d33-482f-bf18-423884fdaa73%2F30bd63cf-9229-4565-ad6b-a7fa33055171%2Fsmj3n3_processed.png&w=3840&q=75)
Transcribed Image Text:!
Requlred Informatlon
The Foundational 15 (Algo) [LO3-1, LO3-2, LO3-3, LO3-4]
[The following information applies to the questions displayed below.]
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were
as follows:
$ 66,000
$ 33,600
$ 38,400
Raw materials
Work in process
Finished goods
The company applies overhead cost to Jobs on the basis of direct labor-hours. For the current year, the company's
predetermined overhead rate of $13.50 per direct labor-hour was based on a cost formula that estimated $540,o00 of
total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were
recorded for the year:
a. Raw materials were purchased on account, $684,000.
b. Raw materials used in production, $646,400. AlIl of of the raw materials were used as direct materials.
C. The following costs were accrued for employee services: direct labor, $490,000; Iindirect labor, $150,000; selling and
administrative salaries, $319,000.
d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods
warehousing), $423,000.
e. Incurred various manufacturing overhead costs (e.g., depreciation, Insurance, and utilities), $390,000.
f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all
jobs during the year.
g. Jobs costing $1,623,300 to manufacture according to their job cost sheets were completed during the year.
h. Jobs were sold on account to customers during the year for a total of $3,547,500. The jobs cost $1,633,300 to
manufacture according to their job cost sheets.
Foundational 3-4 (Algo)
4. What is the total amount of manufacturing overhead applied to production during the year?
Manufacturing overhead applied
1,676,400
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