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Part 1:Information to use in completing is below and the requirements follow where you will answer the questions.

Glass Company makes glass orders based on the customer specifications, so the company uses job costing to track costs.

1.The company uses direct labor hours as the cost driver for manufacturing overhead application.

The company estimated the following manufacturing overhead costs for the year: $594,500

The company estimated the following usage of direct-labor hours for the year: 205,000

2.Beginning Work-in-process, March 1 (Job 57) $100,000

3.Beginning Finished Goods, March 1 (Job 55) $120,000

2.Labor Information for March:

Direct-labor hours: Job 57 6,800 Job 58 6,000 Job 59 4,000

Labor costs:

Direct-labor wages $420,000

Indirect-labor wages $25,000

Supervisory salaries $12,000

3.Material Information for March:

Raw Materials,Inventory, March 1 $21,000

Purchase or raw material $210,000

Direct materials requisitioned: Job 57 $90,000 Job 58 $75,000 Job 59 $51,000

4.Other costs incurred in March: Factory Utilities $6,000 Sales offices Utilities $3,000 Administrative offices Utilities $2,000 Factory equipment repair and maintenance costs $2,200 Depreciation on factory equipment $1,000 Manufacturing supplies purchased and used $4,000 5.During March the following jobs were completed and sold for the following sales price: Job 57 $400,000 Job 58 $250,000 Required: You need to use cell references to provide answers and calculations.

There are 9 questions in Part 1.

1.Develop the predetermined overhead rate.

2.Complete the job cost sheets provided below for the month of March:

Job 57 Job 58 Job 59 Beginning Balance Current costs: Direct materials Direct Labor Hint:You need to calculate the hourly rate and then compute direct labor cost per job. Applied overhead Total

3.Determine the ending Work-In-Process Inventory at the end of March and provide the number of the Job(s) still in Work-in-Process at the end of March and the determine total cost of ending work in process for March.

4.Determine the ending Finished Goods for March and provide the number of the Job(s) in Finished Goods at the end of March and determine the total cost of ending finished goods for March.

5.Determine the Cost of Goods Sold for March and provide the number of the Job(s) in Cost of Goods Sold for March and determine the total cost of goods sold for March.

6.Create a statement of cost of goods manufactured for March below.Use Manufacturing Overhead applied in your statement.You need to prepare in good form.Please see Exhibit 18.6. Glass Company Statement of Cost of Goods Manufactured For Month ending March 31, 20XX

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