Selected ledger accounts for Realm Company are given below for the just-completed year: Raw Materials Manufacturing…

Select ledger accounts
For the most recent year, here are some details about Realm Company:
Raw Materials Manufacturing Overhead

   Bal. 1/1
                  41,000

   Credits                        ?  

   Debits                427,400

  Credits                         ?
  

   Debits
                  475,000

  
               

  
             
  

  
  

   Bal. 31/12
              82,000
  

   

  

      

    

The Work Process Earn Factory Wages

   Bal. 1/1
                86,500

   Credits
             904,100  

   Debits
              206,500

   Bal.
1/1                 21,000  

   Direct
materials    342,000
      Credits                202,500  
   Direct
labour         132,000

   Overhead              444,600

      

   

   Bal.
31/12               17,000  

  

   Bal. 31/12
                 ?
        

             

     

End-of-life Goods Price of the Goods Sold

   Bal. 1/1
                 59,800

   Credit
                       ?

   Debits
                       ?
  

   Debits
                       ?

  
               

  
             
  

  
  

   Bal. 31/12
            163,000  

   

  

      

    

Required:
1.

Was it worth the price of raw materials used in production?
The year?

      

2.

What proportion of materials were required 1 to be made of indirect?
materials?

      

3.

What was the annual factory labor cost?
What about indirect labor?

      

4. How much was it to buy goods?
For the year?

      

5.

How much were the goods sold in the previous year?
Are you unsure if your overhead is being overapplied?

      

6.

When overhead is used to produce on the basis direct
What was the rate of material cost during this year?

      

7.

Did manufacturing overhead get under- or overused? How?
much?

      

8.

Determine the final balance in the Work in Process inventory
account. This balance is entirely made up of goods
It was started in the previous year. Direct payment of $33,100 is the equivalent to this amount.
Materials cost. How much is it direct labour cost? Fabrication
overhead cost?

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