Exercise: Production costs are tracked according to the order cost method in the" Şirin Clothing and Apparel" business, which are the main production expense locations of "CUT" and "Dik". ORDER COST CARD (FÖYU) • Direct First Item and Material Expenses - Silk fabric, 100 meters x 61 TL/m - only used in the cutting expense place. Order No.: Start Date: E Direct Labor Expenses Product Name: Completion Date: |Cut Expense Location Sewing Location Nature of the Job Expense FIRST ITEM AND MATERIAL EXPENSES Expense Location Genus Quantity Unit Price Amount TL Mold removal and fabric cutting; Sewing and 300 direct labor hours x 500 direct labor hours ironing x 20 TL/ direct labor hour $15/ direct labor hour TOTAL Direct raw material and material expenses: • General Production Expenses (loaded on the basis of direct labor hour according to estimated cost method) FOREIGN LABOR EXPENSES Expense Location Working Time Amount TL 2020 years Budgeted Total GENERAL PRODUCTION EXPENSE 80,000 TL, Estimated direct labor hour (total): Job Done Hourly Rate 10,000 direct labor hours • Production begins at the keshim expense site and the sewing expense is completed on site. 50%of the production process is completed at each expensesite. In May, the production of 1,000 products was started and completed in relation to order 55. Of these, 700 were sold in May and 300 in June. • The total direct labor hours revealed at the end of the year are unchanged, and the actual GENERAL TOTAL Direct Labor expenses PRODUCTION EXPENSES total: GENERAL PRODUCTION EXPENSES A) It was 82,000 TL. B) 75.000 TL. WANTED: Expense Location Distribution Key direct labor hour Upload Rate Amount TL 1) Edit the May Order Cost Card for order 55 and Make Accounting Records. 2) Determine the missing/overloaded GENERAL PRODUCTION EXPENSE amount for order 55 and correct the records. GENERAL PRODUCTION EXPENSE: 3) 31.12.20 Show us what it would be like for GENERAL PRODUCTION EXPENSESto be corrected, since the Total Production Cost: balances of some accounts received from certain dates of20 are asfollows. 620 Cost of Products Sold - 400,000 TL Unit Production Cost: 151 Production - Semi-Finished Goods - 20,000 TL 152 Products -80,000 TL