Required information [The following information applies to the questions displayed below] Bunnell Corporation is a...
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Accounting
Required information [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: 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 $16.25 per direct labor-hour was based on a cost formula that estimated $650,000 of total manufocturing 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, $510,000 b. Raw materials used in production, $480,000. All of of the raw materials were used as direct materials, c. The following costs were accrued for employee services: direct labor, $600,000 : indirect labor, $150,000; selling and administrative solaries, $240,000. d. Incurred various selling and administrative expenses (e.g. advertising, sales travel costs, and finished goods warehousing) $367,000 e. Incurred various manufacturing overhead costs (e.g. depreciation, insurance, and utilties). $500,000. f. Manufocturing overhead cost was applied to production. The company actually worked 41,000 direct labor:hours on all jobs during the year. 9. Jobs costing $1,680,000 to manufacture according to their job cost sheets were completed during the year h. Jobs were soid on occount to customers during the year for a total of $2,800,000. The jobs cost $1,690,000 to manufacture according to their job cost sheets 5. What is the total manufacturing cost added to Work in Process during the year


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