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Bodin Company manufactures linger splints for kids who get tendonitis from playing video games. The lion had the following inventories at the beginning and end of the month of January

Bodin Company manufactures linger splints for kids who get tendonitis from playing video games. The lion had the following inventories at the beginning and end of the month of January.  The following additional data pertain to January operations. Raw material purchased .......... $1910Bodin Company manufactures linger splints for kids who get tendonitis from playing video games. The lion had the following inventories at the beginning and end of the month of January.  The following additional data pertain to January operations. Raw material purchased .......... $191000 Direct labor ............... 300,000 Actual manufacturing overhead ........ 175,000 Actual selling and administrative expenses .... 115000 The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any over- applied or under applied manufacturing overhead is accumulated until the end of the year. Required: Compute the following amounts. 1. The company’s prime Cost for January. 2. The total manufacturing cost for January. 3. The cost of goods manufactured for January. 4. The cost of goods sold for January. 5. The balance in the Manufacturing Overhead account on January 31. Debit orcredit?00 Direct labor ............... 300,000 Actual manufacturing overhead ........ 175,000 Actual selling and administrative expenses .... 115000 The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any over- applied or under applied manufacturing overhead is accumulated until the end of the year. Required: Compute the following amounts. 1. The company’s prime Cost for January. 2. The total manufacturing cost for January. 3. The cost of goods manufactured for January. 4. The cost of goods sold for January. 5. The balance in the Manufacturing Overhead account on January 31. Debit orcredit?

Jun 19 2020 View more View Less

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