Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Anayang Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer

image text in transcribed
image text in transcribed
image text in transcribed
Anayang Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for Sune: June 1 June 30 Balance Purchases Materials 26,800|une 30 107,700 Requisitions Work In Process (6) June 30 Completed jobs June 1 June 30 June 30 June 30 Balance Materials Direct labor Factory overhead applied June 1 June 30 Balance Completed jobs Finished Goods olune 30 (F Cost of goods sold Wages Payable Check My Work Previous Next > Wages Payable June 30 Wages incurred 116,300 Factory Overhead 22,000 June 30 Factory overhead applied June 1 June 30 June 30 June 30 Balance Indirect labor Indirect materials Other overhead 14,300 102,400 In addition, the following information is available: Matens and rectabor were applied to six jobs in June Job No. Quantity Direct Materials Direct Labor 210 Style T100 T200 T400 $15,000 26,000 202 410 203 210 8,000 $20,070 31,470 13,050 30,300 15,150 4,490 $114,530 5200 T300 S100 205 150 26,000 14,000 4,000 206 110 Total $93,000 Previous Next ebook Calculator Printiem b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. c. The June 1 Work in Process balance consisted of two jobs, as follows: Work In Process, June 1 Job No. Style 201 T100 202 7200 $6,000 16,000 Total $22,000 Job Style d. Customer jobs completed and units sold in June were as follows: Completed in Units Sold in No. June June 201 T100 168 T200 328 T400 5200 205 7300 206 S100 1. Determine the missing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar, answer is zero, enter in "O". Enter all amounts as positive numbers. Previous

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_2

Step: 3

blur-text-image_3

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

Management Accounting A Business Planning Approach

Authors: Noah P. Barsky, Jr. Anthony H. Catanach

2nd Edition

1516506286, 978-1516506286

More Books

Students also viewed these Accounting questions