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help please Journal entry worksheet 6 Labor cost accrued in the factory, $159,000 (one-third direct labor and twothirds indirect labor). Note: Enter debits before credits.
help please Journal entry worksheet 6 Labor cost accrued in the factory, $159,000 (one-third direct labor and twothirds indirect labor). Note: Enter debits before credits. Journal entry worksheet 123 Manufacturing overhead cost was applied to production on the basis of 40,610 machine-hours actually worked during the month. Note: Enter debits before credits. Dillon Products manufactures various mochined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs based on machine-hours. At the beginning of the year, the company used a cost formula to estimate $4,320,000 in manufacturing overtiead cost at an activity level of 576,000 machine hours. The company spent the month of January working on a large order for 12,600 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow. a. Raw materials purchased on occount, $321,000 : b. Raw materials used in production, $2.65,000 (80\% direct materiais and 20% indirect materials). c. Labor cost accrued in the foctory, $159,000 (one-third direct labor and two-thirds indirect labor). d. Depreciation recorded on factory equipment, $63,800. e. Other manufacturing overhead costs incurted on account, $85,300 f. Manufacturing overhead cost was applied to production on the basis of 40,610 machine-hours actually worked. 9. The completed job for 12,600 custom-made mechinod parts was moved into the finished goods warehouse on Janiary 31 to await delivery to the customer. (In computing the dollar amount for this entry, remember the cost of a completed job consists of direct materials, direct labor, and applied overhead) Required: 1. Prepare joutnal entries to record items fa) through (f) abowe [ignore item (g) for the moment]. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T accounts. 3. Prepare a journal entry for item ( 9 ) above. 4. If 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost wil be ineluded in cost of goods sold for February? Complete the question by entering your answers in the tabs below. Journal entry worksheet 456 Raw materials purchased on account, $321,000. Note: Enter debits before credits. Journal entry worksheet 6 Raw materials used in production, $265,000(80% direct materials and 20% indirect materials). Note: Enter debits before credits. Journal entry worksheet Depreciation recorded on factory equipment, $63,800. Note: Enter debits before credits. Journal entry worksheet Other manufacturing overhead costs incurred on account, $85,300. Note: Enter debits before credits
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