Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Sub 4 Part 10 6,66 points Save Check my work mode : This shows what is correct or incorrect for the work you have

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Help Sub 4 Part 10 6,66 points Save Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to question Information on kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100.000 of raw materials on credit b. Materials requisitions show the following materials used for the month Job 201 # 48,200 Job 202 23,600 Total direct materials 71,800 Indirect materials 3.620 Total materials used 380,420 c. Time tickets show the following labor used for the month Job 201 $ 39,200 Job 202 12,600 Total direct labor 51,800 Indirect labor 24.200 Total labor used 5 76,000 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost e. Transferred Job 201 to Finished Goods Inventory 1. Sold Job 201 for $163,760 on credit g. Incurred the following actual other overhead costs for the month, naman tantan CA WORDT completion Return to question 4 g. Incurred the following actual other overhead costs for the month Depreciation of factory equipment Rent on factory building payable) Factory willien (payable) Expired actory therance Total other factory overhead COSTS 32,000 500 000 Part 1 of 3 336,300 666 points 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month 2. Compute gross profit on the sale of Job 201 Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a job cost sheet for Job 201 and for Job 202 for the month Job Job Number Number 201 202 s 48.2005 23,600 Materials 6.66 points Required 1 Requ pd 2 Required 2 Prepare a job cost sheet for Job 201 and for Job 202 for the month. Job Job Number 202 $ 23,600 Materials Number 201 $ 48,200 39,200 36,300 $ 123,700 Labor Overhead Total cost 12,600 36,300 72,500 $ Required: Required 2 > Complete this question by entering you mune tous ww. 6.66 points Required 1 Required 2 Compute gross profit on the sale of Job 201. Job 201 Sales Cost of goods sold Gross Profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions