Question
Donnell Transport assembles prestige mobile homes.Manufacturing overhead is allocated at a rate of $3 per machine hours.The following information is available: Raw materials 1/1/18$15Materials &
Donnell Transport assembles prestige mobile homes.Manufacturing overhead is allocated at a rate of $3 per machine hours.The following information is available:
Raw materials 1/1/18$15Materials & supplies purchased$175
Work in process 1/1/185Direct labor100
Finished goods 1/1/1810President's salary36
Direct materials used145Factory supplies used10
Depreciation on plant19Indirect factory labor used30
Utilities on the factory13Utilities on showroom floor35
Sales$450Finished goods 12/31/188
Raw materials 12/31/18jQuery22401693412320106844_1570592161956?Work in process 12/31/1817
Salesperson salary25Property taxes, administration bldg5
Manufacturing overhead allocated, 21 actual machine hours??
REQUIRED:
Prepare the journal entries for the above information (15 journal entries).
Show the journal entry to close the over-or-under applied overhead to cost of goods control.
What is the cost of goods manufactured statement in good form.
What is the cost of goods sold statement in good form.
What is the income statement in good form.
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