Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February...

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Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. BB (2/1) Materials Inventory 57,900 227,600 189,300 Cost of Goods Sold Work-In-Process Inventory BB (2/1) 100,800 Labor 187,300 Manufacturing Overhead Control 155, 100 Finished Goods Inventory BB (2/1) 200,600 346,700 249,700 Applied Manufacturing Overhead 144, 221 Additional information for February follows: Labor wage rate was $25 per hour. . During the month, sales revenue was $600,300, and selling and administrative costs were $103,300. This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor costs. Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What was the cost of direct materials issued to production during February? Direct materials Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. BB (2/1) Materials Inventory 57,900 227,600 189, 300 Cost of Goods Sold Work-In-Process Inventory BB (2/1) 100,800 Labor 187,300 Manufacturing Overhead Control 155,100 Finished Goods Inventory BB (2/1) 200,600 346,700 249,700 Applied Manufacturing Overhead 144,221 Additional information for February follows: Labor wage rate was $25 per hour. . During the month, sales revenue was $600,300, and selling and administrative costs were $103,300. This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor costs. Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? What was the operating profit for February? Any over- or underapplied over ead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What was the over- or underapplied manufacturing overhead for February? manufacturing overhead Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. BB (2/1) Materials Inventory 57,900 227,600 189,300 Cost of Goods Sold Work-In-Process Inventory BB (2/1) 100,800 Labor 187,300 Manufacturing Overhead Control 155, 100 Finished Goods Inventory BB (2/1) 200,600 346,700 249,700 Applied Manufacturing Overhead 144, 221 Additional information for February follows: Labor wage rate was $25 per hour. During the month, sales revenue was $600,300, and selling and administrative costs were $103,300. This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor costs. Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What was the manufacturing overhead application rate in February? Manufacturing overhead Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. BB (2/1) Materials Inventory 57,900 227,600 189,300 Cost of Goods Sold Work-In-Process Inventory BB (2/1) 100,800 Labor 187,300 Manufacturing Overhead Control 155, 100 Finished Goods Inventory BB (2/1) 200,600 346,700 249,700 Applied Manufacturing Overhead 144,221 Additional information for February follows: Labor wage rate was $25 per hour. . During the month, sales revenue was $600,300, and selling and administrative costs were $103,300. This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor costs. Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What was the cost of products completed during February? Cost of products completed Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. BB (2/1) Materials Inventory 57,900 227,600 189, 300 Cost of Goods Sold Work-In-Process Inventory BB (2/1) 100,800 Labor 187,300 Manufacturing Overhead Control 155, 100 Finished Goods Inventory BB (2/1) 200,600 346,700 249,700 Applied Manufacturing Overhead 144,221 Additional information for February follows: Labor wage rate was $25 per hour. During the month, sales revenue was $600,300, and selling and administrative costs were $103,300. This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor costs. Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- erapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What was the balance of the Work-in-Process Inventory account at the end of February? Ending balance Partially completed T-accounts and additional information for Pine Ridge Corporation for the month of February follow. BB (2/1) Materials Inventory 57,900 227,600 189, 300 Cost of Goods Sold Work-In-Process Inventory BB (2/1) 100,800 Labor 187,300 Manufacturing Overhead Control 155, 100 Finished Goods Inventory BB (2/1) 200,600 346,700 249,700 Applied Manufacturing Overhead 144,221 Additional information for February follows: Labor wage rate was $25 per hour. . During the month, sales revenue was $600,300, and selling and administrative costs were $103,300. This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor costs. Required: a. What was the cost of direct materials issued to production during February? b. What was the over- or underapplied manufacturing overhead for February? c. What was the manufacturing overhead application rate in February? d. What was the cost of products completed during February? e. What was the balance of the Work-in-Process Inventory account at the end of February? f. What was the operating profit for February? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Required E Required F What was the operating profit for February? Any over- or underapplied overhead is written off to Cost of Goods Sold. (Loss amounts should be indicated with a minus sign.) Operating profit (loss)

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