Q2// Johnstown manufacturing company produces custom made, dyed sweat shirt for distribution on college campuses. The following standard have been established: • Direct Labor: 1/2 hours @ 6 per hour • Factory Overhead : 1/2 hour @ $10 per hour The monthly production budget is based on normal plant operation of 1600 hour, with fixed factory overhead of $11200. the following data concerned with transaction during January 2018: Direct labor payroll 1550 hour at $5.9, Actual factory overhead $16100, Actual production volume 3483 unit Total Allocated Rate $10, Fixed Allocated Rate $7. Required: Prepare a journals entries by using partial methods. .
Q2// Johnstown manufacturing company produces custom made, dyed sweat shirt for distribution on college campuses. The following standard have been established: • Direct Labor: 1/2 hours @ 6 per hour • Factory Overhead : 1/2 hour @ $10 per hour The monthly production budget is based on normal plant operation of 1600 hour, with fixed factory overhead of $11200. the following data concerned with transaction during January 2018: Direct labor payroll 1550 hour at $5.9, Actual factory overhead $16100, Actual production volume 3483 unit Total Allocated Rate $10, Fixed Allocated Rate $7. Required: Prepare a journals entries by using partial methods. .
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Q2// Johnstown manufacturing company produces custom made, dyed sweat shirt for distribution on
college campuses. The following standard have been established:
Direct Labor: 1/2 hours @ 6 per hour
• Factory Overhead : 1/2 hour @ $10 per hour
The monthly production budget is based on normal plant operation of 1600 hour, with fixed factory
overhead of $11200. the following data concerned with transaction during January 2018 : Direct labor
payroll 1550 hour at $5.9 , Actual factory overhead $16100 , Actual production volume 3483 unit
Total Allocated Rate $10, Fixed Allocated Rate $7.
Required : Prepare a journals entries by using partial methods.
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