De Review 2-5 (Part Level Subson) Torstein Company, the predetermined overhead rates 127 of direct borcm. During the month, Editored 14,000 for labor of 580.700 director and 23.30 is director Actul verhead incurred was $107.33 (1) Compute the amount of matching overhead role during the month Matung helped Chick if you would like to show Work for this time has Am of 15 sed SVE POTI The art of the question must be completed in orderThe two when you come the part ove Brief Exercise 2-3 In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200, Job 3 $770, and general factory use $700. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Click if you would like to show Work for this question. Doen Show Work 2 SHOW UST OP ACCOUNTS UNK TO TEXT Brief Exercise 2-4 During January, time tickets show that the factory labor of $7,100 was used as follows: Job 1 $2,370, Job 2 $1,770, Job 3 $1,570, and general factory use $1,390. Prepare a summary journal entry to record factory labor used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Click if you would like to Show Work for this questioni Qen Show Work SHOW LIST OF ACCOUNTS LINE TO TEXT ef Exercise 2-7 ring the first quarter, Francum Company incurs the following direct labor costs: January $53,600, February $49,900, and March $66,200. each month, prepare the entry to assign overhead to production using a predetermined rate of 75% of direct labor cost. (Credit account tith oblem.) Date Account Titles and Explanation Debit Credit v > Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Brief Exercise 2-8 En March, Stinson Company completes Jobs 10 and 11. Job 10 cost $30,800 and Job 11 $35,000. On March 31, Job 10 is sold to the customer for $42,500 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do no Date Account Titles and Explanation Debit Credit Mar. 31 (To record the completion of the two jobs) 31 (To record the sale Job 10) 31 (To record the cost of the job sold) Click if you would like to show Work for this question: Open Show Werk SHOW LIST OF ACCOUNTS LINK TO TEXT Do It! Review 2-2 Milner Company is working on two job orders. The job cost sheets show the following Job 201 Direct materials Direct labor Manufacturing overhead $7,150 3,850 5,200 Job 202 $9,300 7,800 9,800 Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets. (Credit account titles are automatically No. Account Titles and Explanation Debit Credit (a) (To assign materials to jobs) (To assign labor to jobs) (Te assign overhead to jobs) Click if you would like to show Work for this questions on Show Work HOW LIST OF ACCOUNTS LINK TO TEXT De 25 Part Level Sision) Fort Com the predetermine de 1275. reboot. During the car is de brand 1,000 reti Alade 10, v (at Com the momentering verheaded during the both Manufacturing overhead rolet you would like to show Work for this question On Show Work 16 Atlanta 15 (2) BE Eine (video) (Part Level Sun) Sine Company uses bordercom On Hay that can work is inventory of 1.920 and watermelobt, 953,490 1,4. During waar of sure domestie foto Materials La Time Number Requisitos los 12.00 404 3,500 431 7.500 $13.600 Can 1300 51400 Ste Coman maturing ved to us were creators. It is completed during the more Preparemment record the themes, the rest of drived to, the wood ab (Creden we called when i sted. Der (1) May 31 31 14 Click to show Work for the ento Announcements ES Exercise 2-3 A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Direct Direct Manufacturing Date Materials Labor Overhead Beg. bal. 5.200 6.000 4.200 8 6.000 12 10,000 7.500 25 2.700 27 4,000 3.000 13,900 20,000 14,700 3 3 Lx Cost of completed jobs Direct materials Direct labor Manufacturing overhead Total cost Unit cost (548.600 + 2,000) $13.900 20.000 14.700 $40.600 $24.30 (a) On the basis of the foregoing data ansver the following questions. (1) What was the balance in Work in Process Inventory on January 17this was the only unfinished job? Balance in Work in Process Inventory on January 1 $ (2) If manufacturing overhead is applied on the basis of direct labor cost what overhead rate was used in each year? (Round answers to Last year Current year Overhead rate (6) Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92. (Credit account titles are Date Account Titles and Explanation Debit Credit Jan. 31 (To record raw materials used 31 (To record factory lwbord) 31 (To record malacturing ved 31 be here to search o I 58 Weygandt, Managerial Accounting, se Hale Svatem Announcements Exercise 2-5 (Video) (Part Level Submission) Skerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $283,725 for the year, and machine usage is estimated at 126.100 hours. For the year, 5303,850 of overhead costs are incurred and 130.200 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places 0.9 1.25.) Manufacturing overhead rate, per machine hour Click if you would like to show Work for this question in Shout Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT The parts of this question must be completed in order. This part ww be available when you complete the part above The parts of the question must be completed in order the part ww be available when you complete the art above Exercise 2-7 (Video) Crawford Corporation incurred the following transactions Purchased raw materials on account $55,500 2. Raw Materials of 30,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that 57.500 was classified as indirect materials 3. Factory labor costs incurred were $65,500, of which 550,000 pertained to actory wages partie and 515,600 pertained to employer payroll taxes payable Time tickets indicated that $55,400 was direct labor and $10.200 was indirect labor 5. Manufacturing overhead costs incurred on account were $83,700 6. Depreciation on the company's office building was 58.900 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost B. Goods casting 589.100 were completed and transferred to finished goods 9. Pinished goods costing $81,300 to manufacture were sold on account for $115.100. Journalize the transactions. (Credit account sites are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit 5 16 09 To record de sale To record the cost of the Click if you would like to show Work for this question SHOW LIST OF ACCOUNTS De Review 2-5 (Part Level Subson) Torstein Company, the predetermined overhead rates 127 of direct borcm. During the month, Editored 14,000 for labor of 580.700 director and 23.30 is director Actul verhead incurred was $107.33 (1) Compute the amount of matching overhead role during the month Matung helped Chick if you would like to show Work for this time has Am of 15 sed SVE POTI The art of the question must be completed in orderThe two when you come the part ove Brief Exercise 2-3 In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200, Job 3 $770, and general factory use $700. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Click if you would like to show Work for this question. Doen Show Work 2 SHOW UST OP ACCOUNTS UNK TO TEXT Brief Exercise 2-4 During January, time tickets show that the factory labor of $7,100 was used as follows: Job 1 $2,370, Job 2 $1,770, Job 3 $1,570, and general factory use $1,390. Prepare a summary journal entry to record factory labor used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Click if you would like to Show Work for this questioni Qen Show Work SHOW LIST OF ACCOUNTS LINE TO TEXT ef Exercise 2-7 ring the first quarter, Francum Company incurs the following direct labor costs: January $53,600, February $49,900, and March $66,200. each month, prepare the entry to assign overhead to production using a predetermined rate of 75% of direct labor cost. (Credit account tith oblem.) Date Account Titles and Explanation Debit Credit v > Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Brief Exercise 2-8 En March, Stinson Company completes Jobs 10 and 11. Job 10 cost $30,800 and Job 11 $35,000. On March 31, Job 10 is sold to the customer for $42,500 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do no Date Account Titles and Explanation Debit Credit Mar. 31 (To record the completion of the two jobs) 31 (To record the sale Job 10) 31 (To record the cost of the job sold) Click if you would like to show Work for this question: Open Show Werk SHOW LIST OF ACCOUNTS LINK TO TEXT Do It! Review 2-2 Milner Company is working on two job orders. The job cost sheets show the following Job 201 Direct materials Direct labor Manufacturing overhead $7,150 3,850 5,200 Job 202 $9,300 7,800 9,800 Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets. (Credit account titles are automatically No. Account Titles and Explanation Debit Credit (a) (To assign materials to jobs) (To assign labor to jobs) (Te assign overhead to jobs) Click if you would like to show Work for this questions on Show Work HOW LIST OF ACCOUNTS LINK TO TEXT De 25 Part Level Sision) Fort Com the predetermine de 1275. reboot. During the car is de brand 1,000 reti Alade 10, v (at Com the momentering verheaded during the both Manufacturing overhead rolet you would like to show Work for this question On Show Work 16 Atlanta 15 (2) BE Eine (video) (Part Level Sun) Sine Company uses bordercom On Hay that can work is inventory of 1.920 and watermelobt, 953,490 1,4. During waar of sure domestie foto Materials La Time Number Requisitos los 12.00 404 3,500 431 7.500 $13.600 Can 1300 51400 Ste Coman maturing ved to us were creators. It is completed during the more Preparemment record the themes, the rest of drived to, the wood ab (Creden we called when i sted. Der (1) May 31 31 14 Click to show Work for the ento Announcements ES Exercise 2-3 A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Direct Direct Manufacturing Date Materials Labor Overhead Beg. bal. 5.200 6.000 4.200 8 6.000 12 10,000 7.500 25 2.700 27 4,000 3.000 13,900 20,000 14,700 3 3 Lx Cost of completed jobs Direct materials Direct labor Manufacturing overhead Total cost Unit cost (548.600 + 2,000) $13.900 20.000 14.700 $40.600 $24.30 (a) On the basis of the foregoing data ansver the following questions. (1) What was the balance in Work in Process Inventory on January 17this was the only unfinished job? Balance in Work in Process Inventory on January 1 $ (2) If manufacturing overhead is applied on the basis of direct labor cost what overhead rate was used in each year? (Round answers to Last year Current year Overhead rate (6) Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92. (Credit account titles are Date Account Titles and Explanation Debit Credit Jan. 31 (To record raw materials used 31 (To record factory lwbord) 31 (To record malacturing ved 31 be here to search o I 58 Weygandt, Managerial Accounting, se Hale Svatem Announcements Exercise 2-5 (Video) (Part Level Submission) Skerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $283,725 for the year, and machine usage is estimated at 126.100 hours. For the year, 5303,850 of overhead costs are incurred and 130.200 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places 0.9 1.25.) Manufacturing overhead rate, per machine hour Click if you would like to show Work for this question in Shout Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT The parts of this question must be completed in order. This part ww be available when you complete the part above The parts of the question must be completed in order the part ww be available when you complete the art above Exercise 2-7 (Video) Crawford Corporation incurred the following transactions Purchased raw materials on account $55,500 2. Raw Materials of 30,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that 57.500 was classified as indirect materials 3. Factory labor costs incurred were $65,500, of which 550,000 pertained to actory wages partie and 515,600 pertained to employer payroll taxes payable Time tickets indicated that $55,400 was direct labor and $10.200 was indirect labor 5. Manufacturing overhead costs incurred on account were $83,700 6. Depreciation on the company's office building was 58.900 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost B. Goods casting 589.100 were completed and transferred to finished goods 9. Pinished goods costing $81,300 to manufacture were sold on account for $115.100. Journalize the transactions. (Credit account sites are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit 5 16 09 To record de sale To record the cost of the Click if you would like to show Work for this question SHOW LIST OF ACCOUNTS