Manufacturing cost data for Orlando Company, which uses a job order cost system,

Question

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below.

Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.)

Case A

Case B

Case C

Case A

Case B

Case C

Direct materials used $

(a) $91,800 $73,650 Direct labor 60,000 144,800

(h) Manufacturing overhead applied 36,000

(d)

(i) Total manufacturing costs 151,450

(e) 212,850 Work in process 1/1/17

(b) 22,100 18,400 Total cost of work in process 207,900

(f)

(j) Work in process 12/31/17

(c) 14,100

(k) Cost of goods manufactured 198,600

(g) 227,000

Explanation / Answer

A.

151450 = a + 60000 + 36000

a = 151450 - 96000 = 55450

B.

151450 + b = 207900

b = 207900 - 151450 = 56450

C.

207900 - c = 198600

c = 207900 - 198600 = 9300

D.

overhead rate = 36000/60000 = 0.6

d = 144800*0.6 = 86880

E.

91800 + 144800 + 86880 = e

e = 323480

F.

323480 + 22100 = f

f = 345580

G.

345580 - 14100 = g

g = 331480

H.

i = 0.6*h

73650 + i + h = 212850

73650 + 1.6*h = 212850

h = (212850 - 73650)/1.6 = 87000

i = 0.6*87000 = 52200

J.

212850 + 18400 = j

j = 231250

K.

231250 - k = 227000

k = 231250 - 227000 = 4250

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