A. 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 B. Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process at the beginning of November. Listed below are data concerning the three audit jobs conducted during November. Lynn Brian Mike Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $55 per auditor hour. The Lynn job is the only incomplete job at the end of November. Actual overhead for the month was $14,000. (a) Determine the cost of each job. (b) Indicate the balance of the Service Contracts in Process account at the end of November. (c) Calculate the ending balance of the Operating Overhead account for November. Case ACase BCase CDirect materials used$enter a dollar amount(a)$92,000$64,150Direct labor52,000146,900enter a dollar amount(h)Manufacturing overhead applied31,200enter a dollar amount(d)enter a dollar amount(i)Total manufacturing costs146,950enter a dollar amount(e)217,750Work in process 1/1/17enter a dollar amount(b)19,40019,100Total cost of work in process208,900enter a dollar amount(f)enter a dollar amount(j)Work in process 12/31/17enter a dollar amount(c)16,900enter a dollar amount(k)Cost of goods manufactured193,900enter a dollar amount(g)223,200
A. Manufacturing cost data for Orlando Company, which uses a job order
A. 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 B. Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process at the beginning of November. Listed below are data concerning the three audit jobs conducted during November. Lynn Brian Mike Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $55 per auditor hour. The Lynn job is the only incomplete job at the end of November. Actual overhead for the month was $14,000. (a) Determine the cost of each job. (b) Indicate the balance of the Service Contracts in Process account at the end of November. (c) Calculate the ending balance of the Operating Overhead account for November. Case ACase BCase CDirect materials used$enter a dollar amount(a)$92,000$64,150Direct labor52,000146,900enter a dollar amount(h)Manufacturing overhead applied31,200enter a dollar amount(d)enter a dollar amount(i)Total manufacturing costs146,950enter a dollar amount(e)217,750Work in process 1/1/17enter a dollar amount(b)19,40019,100Total cost of work in process208,900enter a dollar amount(f)enter a dollar amount(j)Work in process 12/31/17enter a dollar amount(c)16,900enter a dollar amount(k)Cost of goods manufactured193,900enter a dollar amount(g)223,200
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