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could you please solve from 5-5 to 5-8? Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It
could you please solve from 5-5 to 5-8?
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during MarchJob P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labour-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): Page 171 $10,000 Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labour-hour $ 1.00 2,000 Estimated total direct labour-hours to be worked $12,500 Total actual manufacturing overhead costs incurred Job P Job Q $13,000 $8,000 Direct materials $21,000 $7,500 Direct labour 500 1,400 Actual direct labour-hours worked 5-5 5-6 Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production. Assume that the company does not use any indirect labour. Prepare the journal entry to record the direct labour costs added to production. Prepare the journal entry to apply manufacturing overhead costs to production. Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. 5-7 5-8Step by Step Solution
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