1 GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Byrnes Company shows the following costs for three jobs worked on in April. ok Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials S Direct labor Applied overhead Status on April 30 Job 306 Job 307 Job 308 $ 30,800 21,800 10,900 $ 37,700 18,900 9,450 136,800 88,600 ? Finished (sold) 222,700 154,500 ? Finished (unsold) $ 100,900 105,900 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $84,500. b. Raw materials purchases in April are $501,800, and total factory payroll cost in April is $372,900. c. Actual overhead costs incurred in April are indirect materials, $50,900; indirect labor, $23,900; factory rent, $32,900; factory utilities, $19,900; and factory equipment depreciation, $52,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $610,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gro! Prepare journal entries for the month of April's transactions. View transaction list View journal entry worksheet No Date Account Title 1 April 30 Raw materials inventory Accounts payable 2 April 30 Work in process inventory Raw materials inventory < Prev of Next 1 GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Byrnes Company shows the following costs for three jobs worked on in April. ok Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials S Direct labor Applied overhead Status on April 30 Job 306 Job 307 Job 308 $ 30,800 21,800 10,900 $ 37,700 18,900 9,450 136,800 88,600 ? Finished (sold) 222,700 154,500 ? Finished (unsold) $ 100,900 105,900 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $84,500. b. Raw materials purchases in April are $501,800, and total factory payroll cost in April is $372,900. c. Actual overhead costs incurred in April are indirect materials, $50,900; indirect labor, $23,900; factory rent, $32,900; factory utilities, $19,900; and factory equipment depreciation, $52,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $610,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gro! Prepare journal entries for the month of April's transactions. View transaction list View journal entry worksheet No Date Account Title 1 April 30 Raw materials inventory Accounts payable 2 April 30 Work in process inventory Raw materials inventory < Prev of Next
1 GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Byrnes Company shows the following costs for three jobs worked on in April. ok Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials S Direct labor Applied overhead Status on April 30 Job 306 Job 307 Job 308 $ 30,800 21,800 10,900 $ 37,700 18,900 9,450 136,800 88,600 ? Finished (sold) 222,700 154,500 ? Finished (unsold) $ 100,900 105,900 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $84,500. b. Raw materials purchases in April are $501,800, and total factory payroll cost in April is $372,900. c. Actual overhead costs incurred in April are indirect materials, $50,900; indirect labor, $23,900; factory rent, $32,900; factory utilities, $19,900; and factory equipment depreciation, $52,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $610,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gro! Prepare journal entries for the month of April's transactions. View transaction list View journal entry worksheet No Date Account Title 1 April 30 Raw materials inventory Accounts payable 2 April 30 Work in process inventory Raw materials inventory < Prev of Next 1 GL0201 (Algo) - Based on Problem 2-2A LO P1, P2, P3, P4 Byrnes Company shows the following costs for three jobs worked on in April. ok Balances on March 31 Direct materials (in March) Direct labor (in March) Applied overhead (March) Costs during April Direct materials S Direct labor Applied overhead Status on April 30 Job 306 Job 307 Job 308 $ 30,800 21,800 10,900 $ 37,700 18,900 9,450 136,800 88,600 ? Finished (sold) 222,700 154,500 ? Finished (unsold) $ 100,900 105,900 ? In process Additional Information a. Raw Materials Inventory has a March 31 balance of $84,500. b. Raw materials purchases in April are $501,800, and total factory payroll cost in April is $372,900. c. Actual overhead costs incurred in April are indirect materials, $50,900; indirect labor, $23,900; factory rent, $32,900; factory utilities, $19,900; and factory equipment depreciation, $52,800. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $610,000 cash in April. Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Job Costs Cost of Goods Mfg Gro! Prepare journal entries for the month of April's transactions. View transaction list View journal entry worksheet No Date Account Title 1 April 30 Raw materials inventory Accounts payable 2 April 30 Work in process inventory Raw materials inventory < Prev of Next
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 5SEB: PREDETERMINED FACTORY OVERHEAD RATE Marston Enterprises calculates a predetermined factory overhead...
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