Hello I am working on the homework below but I am unsure of

Hello, I am working on the homework below, but I am unsure of how to solve it. I would be very grateful for help in solving it.

1. An incomplete cost of goods manufactured schedule is presented below.

Complete the cost of goods manufactured schedule for Hobbit Company.

2.

Date

Account Titles and Explanation

Debit

Credit

April 30

(To record the raw materials requisitioned)

(To record factory labor used)

(To record the assignment of manufacturing overhead to jobs)

(To record the compleion of job no. 221)

SHOW LIST OF ACCOUNTS

3. Jayson Woods, PSC is an architectural firm that uses activity-based costing. The three activity cost pools used by Jayson Woods are: Salaries and Wages, Travel Expense, and Plan Reproduction Expense. The firm has provided the following information concerning activity and costs:

Calculate the total cost to be allocated to the (a) Project Assignment, (b) Business Development, and (c) Other activity cost pools.

4.

6. During 2016, Basler Manufacturing produced 60,000 units and sold 55,000 for $10 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $120,000 ($2 per unit). Variable selling and administrative costs were $1 per unit sold, and fixed selling and administrative costs were $30,000.

Prepare a variable costing income statement.

HOBBIT COMPANY Cost of Goods Manufactured Schedule December 31, 2017For the Year Ended December 31, 2017For the Month Ended December 31, 2017
Work in process (1/1)						$211,850
Direct materials
Raw materials inventory (1/1)		$
Add: Raw materials purchases		162,990
Total raw materials available for use
Less: Raw materials inventory (12/31)		27,940
Direct materials used				$190,340
Direct labor
Manufacturing overhead
Indirect labor		27,410
Factory depreciation		44,040
Factory utilities		69,050
Total overhead				140,500
Total manufacturing costs
Total cost of work in process
Less: Work in process (12/31)						84,660
Cost of goods manufactured						$550,400

Solution

aanswer 1 Schedule of Cost of goods manufactured Work in process (1/1) $211,850 Direct materials    Raw materials inventory (1/1) (218280-162990) 55,290    Add: Raw materials purchases 162,990    Total raw materials available for use (190340+27940) 218280    Less: Raw materials inventory (12/31) 27,940 Direct materials used $190,340 Direct labor (635060-211850-190340-140500) $92,370 Manufacturing overhead    Indirect labor 27,410    Factory depreciation 44,040    Factory utilities 69,050    Total overhead 140,500 Total manufacturing costs Total cost of work in process (550400+84660) $635,060 Less: Work in process (12/31) 84,660 Cost of goods manufactured $550,400 ans 2 Date Account Titles and Explanation Debit Credit 30-Apr Work In process Inventory 7900 Manufacturing overhead 600 Raw Material Inventory 8500 (To record the raw materials requisitioned) Work In process Inventory 10000 Manufacturing overhead 400 Wages payable 10400 (To record factory labor used) Work In process Inventory (10000*70%) 7000 Manufacturing overhead 7000 (To record the assignment of manufacturing overhead to jobs) Finished Goods inventory 8370 Work In process Inventory (3600+1200+2100+(2100*70%)) 8370 (To record the compleion of job no. 221) Work in Process Inventory account at April 30 (4000+1700+2400+2600+2200+2900+2800+(70%*7900) 24130 ans 4 Sales $580,000 Cost of Good sold 380000 Gross profit 200000 Sales $580,000 Variable expenses 150000 Contribution Margin $430,000 A CVP income statement would report Contribution margin of $430000. gross profit of $200000. ans 5 Required sales =(3600000+300000)/.6 6500000 Option D 6500000 There are different questions I have answered the first two ans four and five