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 Direct materials used $enter a dollar amount (a) $87,800 Direct labor 52,000 145,600 Manufacturing overhead applied 36,400 enter a dollar amount (d) Total manufacturing costs 152,550 enter a dollar amount (e) Work in process 1/1/20 enter a dollar amount (b) 21,400 Total cost of work in process 208,300 enter a dollar amount (f) Work in process 12/31/20 enter a dollar amount (c) 12,100 Cost of goods manufactured 193,500 (g) 232,600

Note, a Job order cost system occurs when a manufacturer allows its customers to order small, unique batches of products, after which the manufacturer determines the price of each ordered product.

Answer:

The missing amount for each letter is bolded:

                                         Case A           Case B

Direct material used        a $49,350      $93,400  

Direct Labor                      $56,000          $146,100  

Manufacturing overhead

applied                              $44,800         d $116,880

Total manufacturing

cost                                 $150,150           e $356,380

Work in process 1/1/20  b $55,750        $16,800

Total cost of work in

process                         $205,900        f $373,180

Work in process

12/31/20                       c $11,600          $15,400

Cost of goods

manufactured              $194,300            g $357,780

Explanation:

a. Direct materials used = Total manufacturing costs - Manufacturing overhead applied - Direct labor

= $150,150 - ($56,000 + $44,800)

= $150,150 - $100,800

= $49,350

b. Works in process 1/1/20 = Total cost of works in process - Total manufacturing costs

= $205,900 - $150,150

= $55,750

c. Works in process 12/31/20   = Total cost of works in process - Cost of goods manufactured

= $205,900 - $194,300

= $11,600

d. Manufacturing overhead applied = $44,800 ÷ $56,000

= 80%

For case B the manufacturing overhead applied = 80% × $146,100

= $116,880

e. Total manufacturing costs = Direct materials used + Direct Labor + Manufacturing overhead applied

= $93,400 + $146,100 + $116,880

= $356,380

f. Total cost of work in process = Total manufacturing costs + Works in process 1/1/20

= $356,380 + $16,800

= $373,180

g.  Cost of goods manufactured = Total cost of work in process - Works in process 31/12/20

= $373,180 - $15,400

= $357,780

An encyclopedia is an example of a periodical.
O True
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