a. Record the following items: i. May 3. Direct materials, $862.50. Req. No. 392. ii. May 3. Direct labor, $129.00. iii. May 4. Direct labor, $248.00. iv. May 5. Direct materials, $472.50. Req. No. 399. May 5. Direct labor, $175.00. May 6. Direct labor, $192.00. vii. May 7. Direct labor, $295.00. viii. May 10. Direct materials, $360.00. Req. No. 428. v. vi. ix. May 10. Direct labor, $165.00. x. May 11. Direct labor, $152.00. xi. May 12. Direct labor, $124.00. b. Complete the cost sheet by totaling the Direct Labor and Direct Materials columns, calculating total cost using those totals and the factory overhead rate answer from step 3, and calculating cost per unit.

a. Record the following items: i. May 3. Direct materials, $862.50. Req. No. 392. ii. May 3. Direct labor, $129.00. iii. May 4. Direct labor, $248.00. iv. May 5. Direct materials, $472.50. Req. No. 399. May 5. Direct labor, $175.00. May 6. Direct labor, $192.00. vii. May 7. Direct labor, $295.00. viii. May 10. Direct materials, $360.00. Req. No. 428. v. vi. ix. May 10. Direct labor, $165.00. x. May 11. Direct labor, $152.00. xi. May 12. Direct labor, $124.00. b. Complete the cost sheet by totaling the Direct Labor and Direct Materials columns, calculating total cost using those totals and the factory overhead rate answer from step 3, and calculating cost per unit.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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