= Homework: Ch 4 Homework Question 3, E4-29 (simil... Part 1 of 14 HW Score: 0%, 0 of 28 points O Points: 0 of 6 Save A } The University of Boston Press is wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press were an outside business enterprise. The press also publishes and maintains a stock of books for general sale. The press uses normal costing to cost each job. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead, allocated on the basis of direct manufacturing labor costs). The following data (in thousands) pertain to 2020: (Click the icon to view the data.) Data table Read the requirements. PER Requirement 1. Identify the components of the overview diagram of the job-costing system at the University of Boston Press. Direct materials and supplies purchased on credit S 820 Direct materials used 710 A Indirect materials issued to various production departments 180 B Direct manufacturing labor 1,300 Indirect manufacturing labor incurred by various production departments 910 D Depreciation on building and manufacturing equipment 490 Miscellaneous manufacturing overhead incurred by various production departments (ordinarily would be detailed as repairs, photocopying, + utilities, etc.) 580 E Manufacturing overhead allocated at 170% of direct manufacturing labor E costs ? F G Cost of goods manufactured 4,130 Revenues 8,600 . Cost of goods sold (before adjustment for under-or overallocated H manufacturing overhead) 4,010 1 Inventories, December 31, 2019 (not 2020): ; J Materials Control 110 F F G H 70 570 Work-in-Process Control Finished Goods Control "The term manufacturing overhead is not used uniformly. Other terms that are often Sustand in Srinti.com Snice includo isbatasdasdcho cunstand Print Done Help me solve this Etext pages Get more help Homework: Ch 4 Homework Question 3, E4-29 (simil... Part 1 of 14 HW Score: 0%, 0 of 28 points O Points: 0 of 6 Save The University of Boston Press is wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press were an outside business enterprise. The press also publishes and maintains a stock of books for general sale. The press uses normal costing to cost each job. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead, allocated on the basis of direct manufacturing labor costs). The following data (in thousands) pertain to 2020: (Click the icon to view the data.) Read the requirements, X Requirement 1. Identify the components of the overview diagram of the job-costing system at the University of Boston Press. Requirements A } B B D D 1. Identify the components of the overview diagram of the job-costing system at the University of Boston Press 2. Prepare journal entries to summarize the 2020 transactions. As your final entry, adjust for the year-end under-or overallocated manufacturing overhead as a write-off to Cost of Goods Sold. Number your entries. Explanations for cach entry may be omitted 3. Show posted T-accounts for all inventories, Cost of Goods Sold. Manufacturing Overhead Control, and Manufacturing Overhead Allocated. 4. How did the University of Boston Press perform in 2020? + F E F G G H H Print Done 1 J Help me solve this Etext pages Get more help Clear all Check answer = Homework: Ch 4 Homework Question 3, E4-29 (simil... Part 1 of 14 HW Score: 0%, 0 of 28 points O Points: 0 of 6 Save A } The University of Boston Press is wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press were an outside business enterprise. The press also publishes and maintains a stock of books for general sale. The press uses normal costing to cost each job. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead, allocated on the basis of direct manufacturing labor costs). The following data (in thousands) pertain to 2020: (Click the icon to view the data.) Data table Read the requirements. PER Requirement 1. Identify the components of the overview diagram of the job-costing system at the University of Boston Press. Direct materials and supplies purchased on credit S 820 Direct materials used 710 A Indirect materials issued to various production departments 180 B Direct manufacturing labor 1,300 Indirect manufacturing labor incurred by various production departments 910 D Depreciation on building and manufacturing equipment 490 Miscellaneous manufacturing overhead incurred by various production departments (ordinarily would be detailed as repairs, photocopying, + utilities, etc.) 580 E Manufacturing overhead allocated at 170% of direct manufacturing labor E costs ? F G Cost of goods manufactured 4,130 Revenues 8,600 . Cost of goods sold (before adjustment for under-or overallocated H manufacturing overhead) 4,010 1 Inventories, December 31, 2019 (not 2020): ; J Materials Control 110 F F G H 70 570 Work-in-Process Control Finished Goods Control "The term manufacturing overhead is not used uniformly. Other terms that are often Sustand in Srinti.com Snice includo isbatasdasdcho cunstand Print Done Help me solve this Etext pages Get more help Homework: Ch 4 Homework Question 3, E4-29 (simil... Part 1 of 14 HW Score: 0%, 0 of 28 points O Points: 0 of 6 Save The University of Boston Press is wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press were an outside business enterprise. The press also publishes and maintains a stock of books for general sale. The press uses normal costing to cost each job. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead, allocated on the basis of direct manufacturing labor costs). The following data (in thousands) pertain to 2020: (Click the icon to view the data.) Read the requirements, X Requirement 1. Identify the components of the overview diagram of the job-costing system at the University of Boston Press. Requirements A } B B D D 1. Identify the components of the overview diagram of the job-costing system at the University of Boston Press 2. Prepare journal entries to summarize the 2020 transactions. As your final entry, adjust for the year-end under-or overallocated manufacturing overhead as a write-off to Cost of Goods Sold. Number your entries. Explanations for cach entry may be omitted 3. Show posted T-accounts for all inventories, Cost of Goods Sold. Manufacturing Overhead Control, and Manufacturing Overhead Allocated. 4. How did the University of Boston Press perform in 2020? + F E F G G H H Print Done 1 J Help me solve this Etext pages Get more help Clear all Check