Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Factory Wages Payable Debit Debit Credit Credit 46,500 25,750 9,500 Work in Process Inventory Debit Credit 25,750 87,250 104, 184 171,820 127,500 87,250 41,750 Finished Goods Inventory Debit Credit 171,820 154,790 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Factory Overhead 9,500 41,750 62,870 Debit Credit 104, 184

Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Factory Wages Payable Debit Debit Credit Credit 46,500 25,750 9,500 Work in Process Inventory Debit Credit 25,750 87,250 104, 184 171,820 127,500 87,250 41,750 Finished Goods Inventory Debit Credit 171,820 154,790 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Factory Overhead 9,500 41,750 62,870 Debit Credit 104, 184

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Description: answer in text form please (without image) Telstar uses job order costing. The T-accounts below summarize its production activity for the year.Raw Materials InventoryFactory Wages PayableDebitDebitCreditCredit46,50025,7509,500Work in Process Inventor

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 17E: Davis Co. uses backflush costing to account for its manufacturing costs. The trigger points are the...

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