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1. 2. OBNO oh Cost Sheet Quant Wested Date Completed ITEM FOR 27 23 Direct Material Direct Date Manufacturing Overhead 7/10 700 12 15 000
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OBNO oh Cost Sheet Quant Wested Date Completed ITEM FOR 27 23 Direct Material Direct Date Manufacturing Overhead 7/10 700 12 15 000 410 22 500 30 24 1420 1530 27 31 500 400 Cost of complete Direct the Direct Meng Total tot www.tw De (a) Answer the following questions Y (1) What are the source document for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Source Documents Direct materials Materials requisition slips Direct labor Manufacturing overhead (2) Overhead is applied on the basis of direct labor cost. What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate % (2) What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, es 125.) Total cost of the completed job $ Unit cost of the completed job $ Carla Vista Corporation incurred the following transactions 1. 2 3 4 Purchased raw materials on account $54710 Raw Materials of $42.480 were requisitioned to the factory, An analysis of the materials requisition slips indicated that 8.100 was classified as indirect materials. Factory labor costs incurred were $ 70,720. Time tickets indicated that 563,720 was direct labor and $7,000 was indirect labor. Manufacturing overhead costs incurred on account were $ 94,990, Depreciation on the company's office building was $9.520. Manufacturing overhead was applied at the rate of 150% of direct labor cost Goods costing $ 103,840 were completed and transferred to finished goods. Finished goods costing 588.500 to manufacture were sold on account for 5121,540. 5 6. 7 8 9. Journalize the transactions. (List all debit entries before credit entries. Credit account files are automatically indented when amount is entered. Do not indent manually No. Account Titles and Explanation Debit Credit (1) (2) (3) (5) (5) (5) (3) (5) (6) (7) (8) to record the Torcord the cost of the 2.
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