Font ClipboardE Xi Given Data PO7-57: A1 G. 1Given Data P07-57 CHELSEA HOUSEHOLD RENOVATIONS Information for June: 6 Completed Job 61 7 Started and completed Job 62 8 Started Job 63 10 Work-in-process inventory (excluding applied overhead): 11 May 31: Job 61 S 8,000 $ 38,400 Direct materials 13 Labor (960 hours X $40) 14 June 30: Job 63 15 16 Labor (1040 hours X $40) 17 S 6,400 S 41,600 50% Direct materials 18 Percentage each job complete as to labor hours 19 20 May 31 Direct materials inventories Finished goods inventones- 23 June 30 Direct materials inventories Finished goods inventories 25 26 7Actual overhead 28 S 80,000 29 Cost of goods sold (before adjustment for over- or underapplied overhead) 30 Job 61 S 8,000 Materials Labor Overhead $ 123,200 34 Total 35 36 Job 62 Materials Labor Overhead 38 40 Total 2 Direct materials purchased in June 43 Direct labor costs charged to jobs in June s 18.400 S 128,000 46 P7-51 Given P07-51 P07-54 Given P07-54 P07-57 Given P07-57 Clpboard Formati Font Alignment 48 Problem 07-57 HELSEA HOUSEHOLD RENOVATIONS Use the T accounts provided to determine the information needed for the management report Cash or lA Actual direct material costs for June S 18.400 Actual direct labor costs for June S 128,000 Overhead Overhead costs for June S 80,000 S 123.200 Work-in-Process Job 61 Direct Materials Direct Labor Manufacturing Overhead Totals, June 1 Labor added in June Overhead added in June Final Balance, June 30 8,000 $ 8,000 76,800 76,800 38,400 38,400 800 38,400 38,400 Materials added in June Labor added in June Overhead added in June Totals, June 30 Final Balance, June 30 Work-in-Process- Job 62 12.000 | S 12000 48.000 48,000 48,000 48.000 Work-in Process Job 63 S 6,400 41,600 41,600 6.400 Materials added in June Labor added in June 3 Overhead added in June Final Balance, June 30 Cost of Goods Sold- Job 61 8 Materials 8,000 PO7-51 Given PO7-51 P7-54 Given PO7-54 P07-57 Given P07-57 Labor added in Overhead added it Final Balance, June 30 41,600 41,600 6.400 Cost of Goods Sold Job 61 Materials 8,000 76,800 Overhead Final Balance $ 108,000 Cost of Goods Sold - Job 62 Materials S 12,000 48,000 48,000 S 108,000 Overhead Final Balance Underapplied Overhead $80,000 iry agan 5If you need space to make computations, the yellow area below is unprotected. 82 85 86 87 po7-51 Given P07-51 P7-54 Given P07-54 P07-57 Given P7-57 Font ClipboardE Xi Given Data PO7-57: A1 G. 1Given Data P07-57 CHELSEA HOUSEHOLD RENOVATIONS Information for June: 6 Completed Job 61 7 Started and completed Job 62 8 Started Job 63 10 Work-in-process inventory (excluding applied overhead): 11 May 31: Job 61 S 8,000 $ 38,400 Direct materials 13 Labor (960 hours X $40) 14 June 30: Job 63 15 16 Labor (1040 hours X $40) 17 S 6,400 S 41,600 50% Direct materials 18 Percentage each job complete as to labor hours 19 20 May 31 Direct materials inventories Finished goods inventones- 23 June 30 Direct materials inventories Finished goods inventories 25 26 7Actual overhead 28 S 80,000 29 Cost of goods sold (before adjustment for over- or underapplied overhead) 30 Job 61 S 8,000 Materials Labor Overhead $ 123,200 34 Total 35 36 Job 62 Materials Labor Overhead 38 40 Total 2 Direct materials purchased in June 43 Direct labor costs charged to jobs in June s 18.400 S 128,000 46 P7-51 Given P07-51 P07-54 Given P07-54 P07-57 Given P07-57 Clpboard Formati Font Alignment 48 Problem 07-57 HELSEA HOUSEHOLD RENOVATIONS Use the T accounts provided to determine the information needed for the management report Cash or lA Actual direct material costs for June S 18.400 Actual direct labor costs for June S 128,000 Overhead Overhead costs for June S 80,000 S 123.200 Work-in-Process Job 61 Direct Materials Direct Labor Manufacturing Overhead Totals, June 1 Labor added in June Overhead added in June Final Balance, June 30 8,000 $ 8,000 76,800 76,800 38,400 38,400 800 38,400 38,400 Materials added in June Labor added in June Overhead added in June Totals, June 30 Final Balance, June 30 Work-in-Process- Job 62 12.000 | S 12000 48.000 48,000 48,000 48.000 Work-in Process Job 63 S 6,400 41,600 41,600 6.400 Materials added in June Labor added in June 3 Overhead added in June Final Balance, June 30 Cost of Goods Sold- Job 61 8 Materials 8,000 PO7-51 Given PO7-51 P7-54 Given PO7-54 P07-57 Given P07-57 Labor added in Overhead added it Final Balance, June 30 41,600 41,600 6.400 Cost of Goods Sold Job 61 Materials 8,000 76,800 Overhead Final Balance $ 108,000 Cost of Goods Sold - Job 62 Materials S 12,000 48,000 48,000 S 108,000 Overhead Final Balance Underapplied Overhead $80,000 iry agan 5If you need space to make computations, the yellow area below is unprotected. 82 85 86 87 po7-51 Given P07-51 P7-54 Given P07-54 P07-57 Given P7-57
