Question
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
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
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