Q 3) The data presented below belong to Alhekma Company, system when analyzing t

Question

Q 3) The data presented below belong to Alhekma Company, system when analyzing the profitability of its products which relies on job order cost Situation A Sitation B Manufacturing Overhead Applied Total Manufacturing Costs Work in Process, 1/1/18 Total Cost of Work in Process Work in Process, 12/31/18 Cost of Goods Manufactured Direct Materials Used Direct Labor 63,000 240,000 300,000 205,000 70,000 45,000 40,000 $103,000 150,000 Required After Considering that the manufacturing overhead for both situations of direct labor cost, determine the missing value for each letter. (6 m is applied on the basis arks)

Explanation / Answer

2

Situation A Cost of Goods Manufactured 205000 Work in Process 12/31/18 (300000-205000) 95000 Total Cost of Work in Process 300000 Work in Process 01/1/18 (300000-240000) 60000 Total Manufacturing Cost 240000 Manufacturing Overhead Applied 63000 Direct Labor 70000 Direct Material Used =240000-63000-70000 107000

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