al Company Blah 1 AR 1 Y 100 200 Rawatan Finished great P. plant, ad Total Liisi Redmi Total Limilitia anity The company's standard costcard for is only product is as follows: and Input Mate Direct pounda 30.20 pas pound Die Labor 3.0 24.0 hour Ti minuturing werhead 1. luuts 30.00 pettur Talwandle . 5252.68 During the year Wallis completed the following transactions Purchased with cash 230.500 pounds of raw material at a price of $25.50 per pound b. Added 215.250 pounds of raw material to work in process to produce 95300 units Assigned direct laber costs to work in process. The direct laborers who were paid inch worked 245.200 hours average d Applied flued overhead to work in process inventory using the predetermined overhead rated by the mer af dined aber hours slowed to manufacture 95 100 units. Actual fixed overhead costs for the year were 52.48.500 or is total $4341000 related to tots such as murance, tiles and sale indirect borers that were al aid cash and Salted to Transferred 95.300 units from work in process to finished goods Sold for cash 92.100 units to customers at a price of $170 per unit 9. Transferred the standard cost associated with the 92,100 nits sold from finished goods to cost of goods solt h Paid $2.120.500 of selling and administrative expenses Closed all standard cost variances to cost of goods sold. Required: Computo al direct materials, direct labor and fed overhead variances for the year. 2. Record transactions through for Walls Company 3. Compute the ending balances for Walls Company's balance sheet 4. Prepare Wails Company's income statement for the year Complete this question by entering your answers in the tabs below. R2 and Record transactions a threuge for Wallis Company Compute the ending balances for Wwii Campanyalah Unfavorable aans and in arce sheet could be withdrunded to the nearest and Tante Cash W- PPLE Marie Good F Overhead Varance Vares But 111 5 160 2.750 . 6. . 12831 al Company Blah 1 AR 1 Y 100 200 Rawatan Finished great P. plant, ad Total Liisi Redmi Total Limilitia anity The company's standard costcard for is only product is as follows: and Input Mate Direct pounda 30.20 pas pound Die Labor 3.0 24.0 hour Ti minuturing werhead 1. luuts 30.00 pettur Talwandle . 5252.68 During the year Wallis completed the following transactions Purchased with cash 230.500 pounds of raw material at a price of $25.50 per pound b. Added 215.250 pounds of raw material to work in process to produce 95300 units Assigned direct laber costs to work in process. The direct laborers who were paid inch worked 245.200 hours average d Applied flued overhead to work in process inventory using the predetermined overhead rated by the mer af dined aber hours slowed to manufacture 95 100 units. Actual fixed overhead costs for the year were 52.48.500 or is total $4341000 related to tots such as murance, tiles and sale indirect borers that were al aid cash and Salted to Transferred 95.300 units from work in process to finished goods Sold for cash 92.100 units to customers at a price of $170 per unit 9. Transferred the standard cost associated with the 92,100 nits sold from finished goods to cost of goods solt h Paid $2.120.500 of selling and administrative expenses Closed all standard cost variances to cost of goods sold. Required: Computo al direct materials, direct labor and fed overhead variances for the year. 2. Record transactions through for Walls Company 3. Compute the ending balances for Walls Company's balance sheet 4. Prepare Wails Company's income statement for the year Complete this question by entering your answers in the tabs below. R2 and Record transactions a threuge for Wallis Company Compute the ending balances for Wwii Campanyalah Unfavorable aans and in arce sheet could be withdrunded to the nearest and Tante Cash W- PPLE Marie Good F Overhead Varance Vares But 111 5 160 2.750 . 6. . 12831
