Answered Essay: Exercise 16-4 Your answer is partially correct. Try agan. Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below

Exercise 16-4 Your answer is partially correct. Try agan. Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below e.g. 15.75 and final answers to 0 decimal places,e.g.S275. Indicate the issing amount for each letter. Assume that in all cases manufacturing overhead is appled on the basis of direct labor cost and t the rate is the same. (Round overhead rate to 2 decimal places Case B Case C Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Work in process 1/1/17 Total cost of work in process Work in process 12/31/17 Cost of goods manufactured 92,000 $64,150 52,000 31,200 146,950 238.90에 (d) 477,30이 (e) 217,750 19,400 19,100 208,900 (j〕 16,900 479,8009 223,200

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Exercise 16-4 Your answer is partially correct. Try agan. Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below e.g. 15.75 and final answers to 0 decimal places,e.g.S275. Indicate the issing amount for each letter. Assume that in all cases manufacturing overhead is appled on the basis of direct labor cost and t the rate is the same. (Round overhead rate to 2 decimal places Case B Case C Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Work in process 1/1/17 Total cost of work in process Work in process 12/31/17 Cost of goods manufactured 92,000 $64,150 52,000 31,200 146,950 238.90에 (d) 477,30이 (e) 217,750 19,400 19,100 208,900 (j〕 16,900 479,8009 223,200

Expert Answer

 

1) orlando company
overhead rate = 31,200/52000= 60% of direct labor
Case B Case C
direct materials used 92,000 64,150
direct labor 146,900 96,000
manufacturing overhead applied 88140 57600
total manufacturing costs 327,040 217,750
WIP 1/1/17 19,400 19,100
total cost of WIP 346,440 236,850
WIP 12/31/17 16,900 13,650
cost of goods manufactured 329,540 223,200
case c
DM +DL+OH= total manufacturing costs
64,150 + X +.6x = 217,750
1.6x                   = 153,600
x= 96000
2) lynn Brian Mike total
Direct materials 710 440 310
auditor labor costs 5900 7,700 4,375
overhead applied 3927 4539 2550 11016
total cost 10537 12679 7235 30451
lynn 10537
brian 12,679
mike 7,235
Balance in service contracts in process accounts 10,537
balance in operating overhead account( 13,600-11,016) 2584
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