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- Do not give solution in imageChapter 17 Homework Item Date August 1 Bal., 4,800 units, 3/5 completed 31 Direct materials, 86,400 units 31 Direct labor 31 Factory overhead 31 Goods finished, 87,600 units 31 Bal., ? units, 3/5 completed Debit Credit Debit Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total 155,520 44,480 25,024 a. Determine the number of units in work in process inventory at August 31. units 223,728 6,912 162,432 206,912 231,936 8,208 8,208 b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is z Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Whole Units Credit Equivalent Units Equivalent Direct Materials Units Conversion9 3 points eBook Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $106,000. b. Direct materials used, $43,500. Indirect materials used, $19,600. c. Direct labor used, $43,000. Indirect labor used, $22,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $8,625. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $82,000. g. Sales of jobs on credit was $118,000. h. Cost of jobs sold was $82,000. Hint View transaction list Print ခ References Journal entry worksheet 1 2 3 4 4 5 6 7 8 9 10 Record raw materials purchased on account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal
- Question 11?Question 1 Part I Advent Corporation has provided the following data for its activities for the month of May.Beginning Raw Materials Inventory $75,000Ending Raw Materials Inventory $45,000Purchases of Raw Materials $550,000Direct Labour Incurred $120,000Manufacturing Overheads Incurred $250,000Beginning Work in Process $60,000Ending Work in Process $140,000 Required: Prepare a schedule of the Cost of Goods Manufactured for the month of MayDepartment Personnel Custodial Services Maintenance Printing Binding 1otat Lacor- square reet oт Number Oт маспале Uirect Labor- Hours Space Occupied Employees Hours Hours 16,700 12,200 20 8,300 3,200 47 14,300. 10,300 66 30,300 40,200 109 162,000 15,000 103,000 20,600 304 50,000 76,000 172,600 86,500 546 212,000 91,000 Budgeted overhead costs in each department for the current year are shown below: Personnel Custodial Services Maintenance Printing $340,000 65,800 93,000 414,000 Binding Total budgeted cost 165,000 $ 1,077,800 Because of its simplicity, the company has always used the direct method to allocate service department costs to the two operating departments. Required: 1. Using the step-down method, allocate the service department costs to the consuming departments. Then compute predetermined overhead rates in the two operating departments. Use machine-hours as the allocation base in the Printing Department and direct labor-hours as the allocation base in the Binding…
- i need the answer quicklyCH 19 Q10 Entry for Factory Labor Costs A summary of the time tickets for the current month follows: Job No. Amount 100 $3,780 101 3,140 104 5,750 108 6,460 Indirect labor 20,150 111 3,940 115 2,580 117 17,510 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.At June 30 Job 5 Job 6 Job 7 Direct materials $ 17,400 $ 34,200 $ 28,200 Direct labor 10,400 16,600 23,400 Overhead applied 5,200 8,300 11,700 Additional Information Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,200; direct labor, $3,000; and applied overhead, $2,100. Job 5 was finished in June. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate did not change across these months. 2. What is the total cost of direct labor used in June?
