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Using the Information Below for Singing Dolls, Inc A) $13,000

question 149

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Using the information below for Singing Dolls, Inc., determine the total manufacturing costs incurred during the year:  Work in Process, January 1 50,000 Work in Process, December 31 37,000 Direct materials used $12,500 Total Factory overhead 5,500 Direct labor used 26,500\begin{array} { | l | r | } \hline \text { Work in Process, January 1 } & 50,000 \\\hline \text { Work in Process, December 31 } & 37,000 \\\hline \text { Direct materials used } & \$ 12,500 \\\hline \text { Total Factory overhead } & 5,500 \\\hline \text { Direct labor used } & 26,500 \\\hline\end{array}

Analyze the impact of using a plantwide predetermined manufacturing overhead rate based on machine-hours.
Understand the procedure for marking up manufacturing costs to determine selling prices.
Distinguish between the use of plantwide and departmental predetermined overhead rates.
Calculate unit product costs for specific jobs.

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