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Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in which each chalet is a job.

Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in which each chalet is a job. The following events occurred in May:


Requirements 1-5   


More Info Purchased materials on account, $430,000 Incurred total manufacturing wages of $118,000, which included both direct labor and indirect labor. Used direct labor in manufacturing as follows a. b. Direct Labor 14,100 28,300 19,500 21,000 Chalet 16 c. Requisitioned direct materials in manufacturing as follows: Direct Materials 41,000 56,700 62,700 66,500 Chalet 13 Chalet 16 d. Depreciation of manufacturing equipment used on different chalets, $6,200 e. Other overhead costs incurred on Chalets 13-16: Equipment rentals paid in cash $10,800 3,000 f. g. h. Prepaid plant insurance expired Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost. Chalets completed: 13, 15, and 16 Chalets sold on account: 13 for $97,000 and 16 for $140,000 PrintDone

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