Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. Any underapplied or overapplied manufacturing overhead is closed to Cost of Goods Sold at the end of each month. Additional information is available as follows: ° Job 101 was the only job in process at January 31. The job cost sheet for this job contained the following costs at the beginning of the month: ° Jobs 102, 103, and 104 were started during February. ° Direct materials requisitions for February totaled $26,000. ° Direct labor cost of $20,000 was incurred for February. ° Actual manufacturing overhead was $32,000 for February. ° The only job still in process at February 28 was Job 104, with costs of $2,800 for direct materials and $1,800 for direct labor. The cost of goods manufactured for February was: (Points : 2) A. 77,700 B. 78

Option (A) is correct.

Explanation:

Total manufacturing cost:

= Raw material used in Production + Direct labor + Manufacturing overhead applied to WIP

= $26,000 + $20,000 + (20,000 × 150%)

= $76,000

Work in Process, beginning at January 31:

=  Direct Material + Direct Labor + Applied Manufacturing Overhead

= $4,000 + $2,000 + $3,000

= $9,000

Work in process, ending at  February 28:

= Direct material cost + Direct labor + Manufacturing overhead

= 2,800 + 1,800 + (1,800 × 150%)

= $7,300

Cost of goods manufactured:

= Total manufacturing cost + Work in Process, beginning - Work in process, ending

= $76,000 + $9,000  - $7,300

= $77,700

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

answer; intellectual property protection;