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SH AC 222 E Examination #1.02.23... Search Jake Cabi Find Repl l Selec Title Editing Paragraph References Mailings Review View Help p = =..= = x 1 - A. 1 Normal T No Spac. Heading 1 Heading 2 Styles 6. (35 points) Beau Corporation uses a job-order costing system and a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated manufacturing overhead for the year would be $3,200,000 and 80,000 machine hours would be used. Labor was estimated at $50/hour. The following information pertains to December of the current year: Job No. I Job No. Job No. Job No. 206 207 208 209 Work in process, December 1 $28,000 $30,000 $22,000 $10.000 December production activity: Materials requisitioned $4,000 $5.000 $6,000 $2.000 Direct labor hours 250 250 50 Machine hours 300 500 700 400 On December 15, Jobs 206 and 207 were completed and the clients were billed at 200 Focus DOLL 3 LE 17 a Priser Ho Insert 12 F Fa F9 $ sk U de a & 7 3 al 6 8 9 SH AC 222 E Examination #102.23... Search Jake out References Mailings Review View Help Aa to 21 DA ESO 1 Normal 1 No Spac. Heading 1 Heading 2 Title Paragraph Styles E a. On December 15, Jobs 206 and 207 were completed and the clients were billed at cost plus 50%. All other jobs remain in process. In December selling expenses were $1,500 and administrative expenses $2,000. Required: Compute the predetermined overhead application rate. I b. Determine the total cost associated with each job. Calculate the balance of the Work In Process at the end of December. What is the selling price of the jobs? Prepare an Income Statement for December. 5 c. d. e Food o DELL 4 F Priser FM F F F10 12 A & * $ 4 % 5 3 6 7 8 9 0 R T 11 SH AC 222 E Examination #1 0223.. Search Jake Cabal View Find Reple Select Title Layout References Mailings Review Help A A A ASEEEE 21 et A. DA-EEE... 1 Normal 1 No Spac... Heading 1 Heading 2 Paragraph Styles f What would happen if the company determined that the actual manufacturing overhead for the year relating to sales was $3,300,000? Editing I Focu th DELL wy PN FO Priser FX FB FO FO 12 # $ A *

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