Exercise 154 Manufacturing cost data for Orlando Company whi

*Exercise 15-4 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 Direct materials used $88,300 $73,550 52,000 33,800 146,950 Direct labor 150,200 Manufacturing overhead applied Total manufacturing costs Work in process 1/1/17 Total cost of work in process Work in process 12/31/17 Cost of goods manufactured 222,050 20,000 18,300 202,800 12,200 197,900 225,700

Solution

a) Total manufacturing cost $   146,950 Less: Manufacturing overhead applied $   (33,800) Less: Direct labour $   (52,000) Direct material used $      61,150 b) Total cost of work in process $   202,800 Less: Total manufacturing cost $ (146,950) Work in process 1/1/17 $      55,850 c) Total cost of work in process $   202,800 Less: Cost of goods manufactured $ (197,900) Work in process 12/31/17 $        4,900 d) Manufacturing overhead applied = Direct labour $   150,200 e) Direct material $      88,300 Add: Direct labour $   150,200 Add: Manufacturing overhead $   150,200 Total manufacturing cost $   388,700 f) Total manufacturing cost $   388,700 Add: work in process 1/1/17 $      20,000 Total cost of work in process $   408,700 g) Total cost of work in process $   408,700 Less: Work in process 12/31/17 $   (12,200) Cost of goods manufactured $   396,500 h) Total manufacturing cost $   222,050 Less: Direct material $   (73,550) Direct labour and manufacturing overhead $   148,500 Direct labour ($148,500/2) $      74,250 i) Total manufacturing cost $   222,050 Less: Direct material $   (73,550) Direct labour and manufacturing overhead $   148,500 Direct manufacturing overhead ($148,500/2) $      74,250 j) Total manufacturing cost $   222,050 Add: work in process 1/1/17 $      18,300 Total cost of work in process $   240,350 k) Total cost of work in process $   240,350 Less:Cost of goods manufactured $ (225,700) Work in process 12/31/17 $      14,650