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sment/take/launch.jisp?course.assessment id- 1085468 18course jid- 294329 1&content id- on Completion Status p7 Prepare an Income Statement for the month using the Traditional Format on the “Income Statement’ tab. p 8 Answer the additional questions below Check Figure Cost of Goods Manufactured $5,350, Net operating income-$9,350 What is the ending balance for raw materials? What is the ending balance for work in process? What is the ending balance for finished goods? 8450 4575 What is the actual manufacturing overhead cost incurred during December before adjustment? 4250 What is the total applied manufacturing overhead cost during December before adjustment? What is the unadjusted cost of goods sold? Was the manufacturing overhead for the month of December overapplied/underapplied ? What is the amount of Manufacturing overhead overapplied/underapplied? What is the adjusted cost of goods sold? What is gross margin? What is the total prime cost for Job 1? What is the total conversion cost for job #1? what is the total product cost for job#17 What was the period cost incurred for the month of December? 4050 5350 1100 6450 13550 3250 5350 5350 2600 What is the total variable cost and all manufacturing overhead costs are fixed.)? named for ob#1 assume that all selling and administrative cost 3250 What is the contrbution margin for Job a1 lassume that all selling and administrative cost and al manufacturing overhead costs are fixed)? What would be the actual (not applied) total fixed manufacturing overhead cost incurred for the company for the month if the order in Job #1 is for five tables instead of one table assuming this cost is with in the relevant range? k Save and Submit to save and submit. Click Save All Answers to save all answers MacBook Pro
Numbers Fle Edit Insert Table Format Arrange View Share Window Help è‹“å®¦ ,è¿‡ç« äº‰4 Untitled-Edited Insert Table Chat General Journal Zoom Media Comment Job #1 Cost Sheet Job #2 Cost Sheet T-accounts (General Ledger) Schedule of COGM Job Cost Sheet Date Initiated Date completed Job Number Table Direct MatarielsDirect Laber Manufacturing Overhead Hours Rate Rate Amount Amount Hours 150 1.500 6 $350.00 $2,100.00 25 1600 Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Product Cost Unit Product Cost 5 3,100.00 150.00 2.100.00 S 5,350.00 $ 5.350.00 13 esc
bers File Edit Insert Table Format Arrange View Share Window Help Untitled-Edited Insert Table Chart Text Shape Media Comment Job 81 Cost Sheet Job #2 Cost Reet General Journal T-accounts (General Ledger) Schedule of COGM, cOGS Job Cost Sheet Job Number Date Initiated Item Table and drawer Date completed Direct Matarials Direct Labor Manufacturing Overhead Amount Hours Rate Amount Hours Rate 1.500 75 35350.00 1,050.00 1600 350 Cost Summary Direct Materials Direct Labor Manufacturing Overhead Total Product Cost Unit Product Cost S 3,450.00 75.00 1,050.00 4,575.00 4,575.00 esc
Numbers File Edit Insert Table Format Arrange View Share Window Help Untitled-Editec E 125% View Zoom Insert Table Chart Text Shape Meda Comment Job #1 Cost Sheet Job #2 Cost Sheet General Journal T-accounts (General Ledger) General Journal Date Description Credit $15,000 $ 3,100 1-Dec Raw Materials $15,000 A/P 5-Dec Work in process 3,100 Raw Materials 10-Dec Work in process Manufacturing overhead Salaries and wages expense 150 3,000 $2,000 15-Dec Work in process 16-Dec Manufacturing overhead 17-Dec Advertising expense 20-Dec Manufacturing overhead Salaries and wages payable Raw Materials A/P A/P 3,450 1.100 S 1,600 5,150 3,450 1,100 $ 1,600 – S 150 600 Depreciation expense S 750 1002,100 22-Dec Work in process 26-Dec Finished goods 28-Dec A/R Manufacturing overhead Work in process Sales revenue Finished goods Salaries and wages payable Manufacturing overhead Manufacturing overhead $ 2,100 5,350 5,350 20,000 S 5,350 75 20,000 Cost of goods sold $ 5,350 31-Dec Work in process 75 Work in process 1,050 1,050 Cost of goods sold S 1,100 1,100 13
accounts 1General Ledger 26-Dec 6 End Bal. End Bal. 1,600 22-Dec 5 1,100 1-Dec nd al nd Bal.S 600 750 End Bal. Autofill Formula A Blu ) esc Format
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