The Chief financial officer is responsible for 

Jolly Manufacturing produces furniture. Jolly has three jobs in process at the end of the month with the following information: 1. Job AA—$400 direct materials, $620 direct labor 2. Job BB—$340 direct materials, $580 direct labor 3. Job CC—$120 direct materials, $80 direct labor Jolly’s average direct labor rate is $20 per hour, and Jolly applies overhead at the rate of $17 per direct labor hour. What is the balance in Jolly’s Work-in-Process Inventory at the end of the month?

Beta Company, a highly automated manufacturer, compiled the following data for the current period: Budgeted Manufacturing Overhead $613000 Budgeted Direct Labor Hours 200000 hours Budgeted Direct Labor Cost $313000 Budgeted Machine Hours 100000 machine hours Actual Manufacturing Overhead incurred $583000 Actual Direct Labor Hours used 123000 hours Actual Machine Hours used 93000 hours Assuming that Beta Company uses machine hours as a cost driver, determine the amount of overapplied or underapplied overhead for the current period.

An automated manufacturing process would most likely include which of the following as its cost driver?

Cardinal Industries has the following activity and cost data for the past year: MachineHours R&M Costs 385 $12340 431 13162 648 16340 348 12140 467 17888 588 15777 451 13866 606 16083 629 16937 418 13001 458 13361 618 16157 578 16004 What will the total cost be when 603 units are produced?

Wildhorse Tortillas is about to begin its third year of operations. It planned on completing its last batch for the current year but due to inclement weather, the factory had to unexpectedly shut down which left the batch incomplete. The company has compiled the following production information for the current year: Tortillas started: 37300 units Already in process at the beginning of the year: 1150 units Complete at year-end: 34959 units Conversion: 76% complete at year end Wildhorse uses the Weighted-Average method and adds all of its Direct Materials (DM) at the beginning of the process. How many physical units will Wildhorse have in its ending inventory?

Within the Manufacturing Overhead Control account, if no manufacturing overhead has been applied, the posted entries for “actual manufacturing overhead” will generate a

Kara is an accountant for Villa, Inc., a small factory that manufactures disposable hospital gowns and slippers. Previously, Villa had been utilizing a traditional costing system to account for its budgeted Manufacturing Overhead (MOH) costs. After a few years, Kara recommended that the company opt for Activity-Based Costing (ABC) as that would afford it the opportunity to better account for the costs. She has determined that Villa had three key activities to use for MOH budgeted costs: Materials sorting, garment inspection, and materials management wages. She has collected the following data:Materials sorting: $38500 (3500 sorting hours)Garment inspection: $55300 (4254 inspection hours)Materials management wages: $18700 (13300 management hours)If gowns used 2000 sorting hours, then what amount of material sorting MOH costs will be allocated to slippers?

GingerHouse sells its product for $81 per unit. During 2025, it produced 121400 units and sold 106400 units. Costs per unit are: direct materials $26, direct labor $10, variable overhead $5, and variable operating expenses $3. Fixed costs are $971200 manufacturing overhead, and $76000 operating expenses. Assuming no variances were reported, no beginning inventory exists, and the company uses absorption costing, what will be reported as cost of goods sold?

Tina is currently working on assembling some numbers for her client’s cost accounting practices for the current year. The client is a factory that produces condiments including ketchup and mayonnaise. It uses traditional costing, and Tina would like to calculate total cost per unit. The client has the following costs (same for both condiments): Direct Materials (DM), $88870; Direct Labor (DL), $94000; and their Manufacturing Overhead (MOH) will be 85% of their DL cost. It produced 44000 units of ketchup and 57000 units of mayonnaise during the period. What is the client’s total cost per unit for mayonnaise?