Donald Transport assembles prestige manufactured homes. Its job costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted $31 per machine-hour in 2017). The following data (in millions) show operation costs for 2017: Materials and supplies purchased on credit Direct materials used Indirect materials (supplies) issued to various production departments Direct manufacturing labor Indirect manufacturing labor incurred by various production departments Depreciation on plant and manufacturing equipment Miscellaneous manufacturing overhead incurred (ordinarily would be detailed as repairs, utilities, etc., with a corresponding credit to various liability accounts) Manufacturing overhead allocated, 3,000,000 actual machine-hours Cost of goods manufactured Revenues Cost of goods sold Required: Prepare all necessary journal entries 255 290 20 98 12 38 62 188 510 300
Donald Transport assembles prestige manufactured homes. Its job costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted $31 per machine-hour in 2017). The following data (in millions) show operation costs for 2017: Materials and supplies purchased on credit Direct materials used Indirect materials (supplies) issued to various production departments Direct manufacturing labor Indirect manufacturing labor incurred by various production departments Depreciation on plant and manufacturing equipment Miscellaneous manufacturing overhead incurred (ordinarily would be detailed as repairs, utilities, etc., with a corresponding credit to various liability accounts) Manufacturing overhead allocated, 3,000,000 actual machine-hours Cost of goods manufactured Revenues Cost of goods sold Required: Prepare all necessary journal entries 255 290 20 98 12 38 62 188 510 300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
D3.
Account
![Donald Transport assembles prestige manufactured homes. Its job costing system has two direct-cost
categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing
overhead allocated at a budgeted $31 per machine-hour in 2017). The following data (in millions) show
operation costs for 2017:
Materials and supplies purchased on credit
Direct materials used
Indirect materials (supplies) issued to various production departments
Direct manufacturing labor
Indirect manufacturing labor incurred by various production departments
Depreciation on plant and manufacturing equipment
Miscellaneous manufacturing overhead incurred (ordinarily would be detailed as
repairs, utilities, etc., with a corresponding credit to various liability accounts)
Manufacturing overhead allocated, 3,000,000 actual machine-hours
Cost of goods manufactured
Revenues
Cost of goods sold
Required:
Prepare all necessary journal entries
255
290
20
98
12
38
62
?
188
510
300](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcd96efc3-2f98-4cac-898c-7da2d5d05bd8%2Ff9f55f7d-7d93-41e5-8f5c-0e320ddeb95e%2F3ceegsr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Donald Transport assembles prestige manufactured homes. Its job costing system has two direct-cost
categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing
overhead allocated at a budgeted $31 per machine-hour in 2017). The following data (in millions) show
operation costs for 2017:
Materials and supplies purchased on credit
Direct materials used
Indirect materials (supplies) issued to various production departments
Direct manufacturing labor
Indirect manufacturing labor incurred by various production departments
Depreciation on plant and manufacturing equipment
Miscellaneous manufacturing overhead incurred (ordinarily would be detailed as
repairs, utilities, etc., with a corresponding credit to various liability accounts)
Manufacturing overhead allocated, 3,000,000 actual machine-hours
Cost of goods manufactured
Revenues
Cost of goods sold
Required:
Prepare all necessary journal entries
255
290
20
98
12
38
62
?
188
510
300
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