Question

Rhianna makes edgy​ women's custom​ t-shirts. Rhianna started her business this​ year, and she uses a normal costing system.The company has two direct cost​ pools, materials and​ labor, and one indirect cost​ pool, overhead. Overhead is charged to jobs on the basis of direct labor cost. The following information is available for the most recent​ year: Budgeted direct labor costs ​$ Budgeted overhead costs ​$ Costs of material actually used ​$ Actual direct labor costs ​$ Actual overhead costs ​$ Rhianna had two jobs in process on December 31 of this year Jobs 75 and 76. There is no finished goods inventory because jobs are sent to customers as soon as they are completed. Direct costs associated with each job are​ below:________. Job 75 Job 76 Direct materials ​$ ​$ Direct labor ​$ ​$ Based on this​ data, the predetermined overhead rate is ​$ of manufacturing overhead for each dollar of direct labor costs. ​Required: Round your answer to the nearest dollar. Do not include ​ %, $, etc.in your response. Using this overhead allocation rate and the data​ above, calculate:______ 1. The total manufacturing cost for Job 75. _____2. The total manufacturing cost for Job 76. ______

Answer 1

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Answer and Explanation:

1. Total manufacturing cost for job 75 and job 76= manufacturing cost for job 75 + manufacturing cost for job 76( being work in progress at end of the year)

= $(35725+49656)

=$85381

2. There is no cost of goods sold since there was no finished products and therefore no sales