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help please asap Data Table Date Labor Time Record No. 9/02 655 Description Amount 10 hours @ $16 per hour $ 160 20 hours @
help please asap
Data Table Date Labor Time Record No. 9/02 655 Description Amount 10 hours @ $16 per hour $ 160 20 hours @ $15 per hour 300 9/03 656 Materials Requisition No. Amount Date $ 341 9/02 63 Description 31 lbs. polycarbonate plastic @ $11 per lb. 25 lbs. acrylic plastic @ $28 per lb. 3 lbs. refined aluminum @ $45 per lb. 700 9/02 64 135 9/03 74 Yu Technology Co. manufactures DVDs for computer software and entertainment companies. Yu uses job order costing. On September 2. Yu began production of 5,900 DVDs, Job 423, for Integration Pictures for $1.30 sales price per DVD. Yu promised to deliver the DVDs to Integration Pictures by September 5. Yu incurred the following direct costs (Click the icon to view the costs) Click the icon to view additional information) Read the requirements ic SCC Requirement 1.4 Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places), then allocate manufacturing overhead to the job. Begin by determining the total amount of direct materials and direct labor incurred on the job. Noxt, calculate the predetermined overhead allocation rate and apply manufacturing overhead to the job. Lastly, compute the total cost of Job 423 and the cost per DVD Job Cost Record Job No. 423 Customer Name Integration Job Description 5,900 DVDs Date Promised 9-5 6 Date Startod 9-2 Date Complotod 9-3 Manufacturing overhead allocated Direct materials Direct labor 36 the icon to view the costs.) (Click the icon to view additional information.) Read the requirements. Requisition Number Labor Time Record Number Date Amount Amount Date Rate Amount of direct 63 $ 341 655 $ 9-2 9-2 64 700 9-3 74 135 656 W 160 labor cost Overall Cost Summary 300 Direct materials Direct labor Manufacturing overhead Allocated C. Total Job Cost Totals Cost per DVD Requirement 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation Job 423. Wages are not yet paid. (Record debits first, then credits Exclude explanations from any journal entries.) Start by journalizing the use of direct materials. Date Accounts Debit Credit Sep. 3 Yu Technology Co. manufactures DVDs for computer software and entertainment companies. Yu uses job order costing On September 2. Yu began production of Next, joumalize the use of direct labor Date Accounts Debit Credit Sep 3 Now journalize the allocation of overhead to Job 423. Date Accounts Sep 3 Debit Credit Requirement 3. Journalize completion of the job and the sale of the 5.900 DVDs on account (Record debits first, then credits. Exclude explanations from any islav Yu Technology Co. manufactures DVDs for computer software and entertainment companies. Yu uses job order costing On September 2, Yu began production Requirement 3. Joumalize completion of the job and the sale of the 5,900 DVDs on account. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by preparing the entry to show the completion of the job. Accounts Sep 3 Date Debit Credit Next, journalize the revenue portion of the sale of Job 423. Date Accounts Sep. 3 Debit Credit Finally, joumalize the cost of goods portion of the sale. Date Accounts Debit Credit Sep 3 Step by Step Solution
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