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ACCT 2060-Baehr Company is a manufacturing c

01 / 10 / 2021 Projects

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ACCT 2060-Baehr Company is a manufacturing c

ACCT 2060 – Bonus Point 31. Baehr Company is a manufacturing company with a fiscal year that runs from July 1 to June30. The company uses a job-order accounting system for its production costs. A predeterminedoverhead rate based upon direct labor hours is used to apply overhead to individual jobs. AssumeBaehr’s predetermined overhead rate is $4.50 per direct labor hour.Required:A. Actual manufacturing overhead incurred during November was?B. The total cost of Job 83-50?C. The manufacturing overhead costs applied to Job 83-52 during November?D. The total amount of overhead applied to jobs during November was1ACCT 2060 – Bonus Point 32.Based on the information above, determine the following:A. Prime cost for November.B. Total manufacturing cost for November.C. Cost of goods transferred to finished goods inventory for November.D. Madtack’s overapplied or underapplied for November.3. The following information pertains to the August manufacturing activities of Griss Co.:Beginning work-in-process (BWIP)$12,000Ending work-in-process (EWIP)10,000Cost of goods manufactured (COGM)97,000Direct materials issued to production20,000Manufacturing overhead is assigned at 150% of direct labor. What was the August direct labor?4. Worley Company has underapplied overhead of $45,000 for the year. Before disposition of theunderapplied overhead, selected year-end balances from Worley’s accounting records wereSalesCost of goods soldDirect materials inventoryWork-in-process inventoryFinished goods inventory$1,200,000720,00036,00054,00090,000Under Worley’s cost accounting system, over- or underapplied overhead is assigned to COGSbased on year-end balances. In its year-end income statement, Worley should report COGS of?2

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