Use the Following Information to Answer the Questions Below.

Our Business had the Following Costs and Balances For the Year Ended December 31st,

Begin Raw Materials=$22,000
Raw Materials Purchased=$155,000
Raw Materials Used In-Directly=$24,000
Raw Materials Used Directly into BMX Bikes=$88,000
Raw Materials Used Directly into Mtn Bikes=$54,000
Begin Work-in-Process Costs BMX=ZERO
Begin Work-in-Process Costs Mtn Bikes=$38,000
Direct Labor Costs for BMX=$80,000
Direct Labor Costs for Mtn Bikes=$190,000
Finance Costs = $35,000
Factory Equipment =$88,000, CPA Costs=$55,000,
Factory Tools =$25,000, In-Direct Factory Labor=$33,000,
Marketing Costs =$18,000, Factory Rent =$67,000
Manufacturing Overhead is Charged to Jobs using an MOH Rate of 180% of Direct Material Costs
BMX Bikes Unit Details are Shown Below;
1,200 Units were Fully Completed during the Month.
500 Units were partially completed (End WIP Units are 80% complete for DM, DL, MOH)
1,100 Units were Sold to Target with a 50% Markup over Cost.
Mountain Bikes (Mtn) Unit Details are Shown Below;
3,000 Units Fully Completed during the Month.
1,000 Units were partially completed (End WIP Units are 20% complete for DM, DL, MOH)
3,000 Units were Sold to Target with a 40% Markup over Cost.
QUESTIONS

Compute the Ending Balance in the Raw Materials Account at Year End =
Compute the Total Manufacturing Overhead Applied during the Year=
Compute the Actual Manufacturing Overhead Costs Incurred for the Year=
Compute the Manufacturing Overhead Dollar Account Balance at Year End =
Is the MOH Balance OVER or UNDER Applied ? =
USE all Capital Letters.
Compute the MOH Account Balance Variance Percent =
. Show your Answer as a Percent out 2 Decimal Places.
Is the MOH Balance Reasonable using a 5% standard, YES or NO ? =
USE all Capital Letters.
Compute the Total Work In Process Costs for BMX Bikes =
Compute the Total Work In Process Costs for Mtn Bikes =
Compute the Total Equivalent Units of Production for BMX Bikes =
Compute the Total Equivalent Units of Production for Mtn Bikes
Compute the Cost Per Equivalent Unit of Production for BMX Bikes =
. Show your answer out 2 Decimals to the Nearest Penny if Needed.
Compute the Total Cost of Goods Manufactured (COGM) for BMX Bikes =
Compute the Cost Per Equivalent Unit of Production for Mountain Bikes=
Show your answer out 2 Decimals to the Nearest Penny if Needed.
Compute the Total Cost of Goods Manufactured (COGM) for Mountain Bikes =
Compute the Cost of Goods Sold for all Jobs for the Month =
Compute the Total Sales Revenues for All Jobs for the Month =
Compute the Total Gross Profit for All Jobs =
Compute the Total Net Income for All Jobs =
Compute the Amount Charged to Target for One Mountain Bike =
Show your answer out 2 Decimals to the Nearest Penny if Needed.
Show All of your Answers as a Number Only, No Symbols, Dollar Signs, or Decimals, Unless Otherwise Stated.