Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1-Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production. 2-Prepare the

image text in transcribed

1-Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production.

2-Prepare the journal entry to apply manufacturing overhead costs to production.

3-Assume the ending raw materials inventory is $2,000 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured.

4-Prepare the journal entry to transfer costs from Work in Process to Finished Goods.

5-Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account.

could you please solve these separately .. and with detiles for each Q

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March Job P and Job Q. Job P was completed and sold by the end of the March and Job R was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March) 15,000 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour 2.00 3,000 Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred 19,000 Job Q Job P 19,500 9,000 Direct materials 31,500 7,500 Direct labor cost Actual direct labor-hours worked 500 2,100

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Health Auditing As A Tool For Quality Care Case Studies

Authors: Camila Freire

1st Edition

6206344169, 978-6206344162

More Books

Students also viewed these Accounting questions

Question

Define Scientific Management

Answered: 1 week ago

Question

Explain budgetary Control

Answered: 1 week ago

Question

Solve the integral:

Answered: 1 week ago

Question

What is meant by Non-programmed decision?

Answered: 1 week ago