Need work shown! Accounting Homework file attached.
Need work shown! Accounting Homework file attached.
ATTACHMENT PREVIEW Download attachmentDeVry UniversityACCT346 Weekly AssignmentWeek 2By how much was manufacturing overhead overallocated or underallocated for the yWork-in-process inventory$0Raw materials inventory$28,000Finished goods inventory$40,000Additional data:1) Actual manufacturing overhead for January amounted to $62,000.2) Total direct labor cost for January was $63,000.3) The predetermined manufacturing overhead rate is based on direct labor cost. The budget4) The only job un±nished on January 31 was Job No. 151, for which total direct labor charges5) Cost of direct materials placed in production during January totaled $123,000. There were6) January 31 balance in raw materials inventory was $35,000.7) Finished goods inventory balance on January 31 was $34,500.Directions: Your assignment this week is to answer the three questions below. Please note that Question #3 has 2Part A and Part B. Please show your work for full creditand use the box provided. Please add more rows or colubox if needed.1.Biltz Company uses a predetermined overhead rate based on direct labor hours to allocatemanufacturing overhead to jobs. During the year, the company actually incurred manufacturioverhead costs of $582,000 and 135,000 direct labor hours were worked. The company estimit would incur $525,000 of manufacturing overhead during the year and that 150,000 direct lhours would be worked.2.The following account balances at the beginning of January were selected from the genera
View the AnswerWhat is the cost of goods manufactured for January? Show your work for full credit.3.Vintage Fun reproduces old-fashioned style roller skates and skateboards. The annual prodand sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. The cohas traditionally used direct labor hours to allocate its overhead to products. Roller skates reqdirect labor hours per unit, while skateboards require 1.25 direct labor hours per unit. The toestimated overhead for the period is $114,300. The company is looking at the possibility of chto an activity-based costing system for its products. If the company used an activity-based cossystem, it would have the following three activity cost pools:3a. What is the predetermined overhead allocation rate using the traditional costing3b. What is the overhead cost per skateboard using an activity-based costing system
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
