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Acc_unit_prob_3
$ 30.00

Maverick Wings,Inc.manufact ures airplanes for use in stunt shows. Maverick's factory is highly

automated,using the latest in robotic technology. To keep costs low, the company employs as few factory w orkers as possible.Since eac h plane has different features (such as its shape,weight.  and color),Maverick uses a job order costing system to accumulate product costs.

 

At the end of 2013,Maverick's ac countants developed the followi ng expectations for 2014 based on the marketing department's sales forecast:

 

 

Budgeted overhead cost Estimated mac hine hours

Estimated direc t labor hours Estimated direc t materia ls

cost

 

Sl.118,000

43,000

10,000

Sl.510,000

 

 

Maverick's inventory count,completed on December 31. 2013,revealed the followi ng ending inventory balances:

 

Raw Materials Inventory

$250,000

Work in Process Inventory

$626,000

Finished Goods Inventory

$3,050,000

The company's 2014 payrolldata revealed the following actual payroll costs for the year:

 

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