I am the production foreman. I get to work and clock in. I work the entire day and supervise everyone's activities. I earn $100 for the day with fringe benefits. MOH $100 WAGE PAY $100 2)I am the chicken for the chicken pot pies.500 pounds is removed from the freezer and taken to the production area. At standard or normal cost, my value is $2,500. The batch will produce 10,000 very fancy pot pies. WIP $2,500 RAW MATERIAL INV. $2,500 3)I am the cook, I take the chicken and add it to the batch of water, carrots, celery, potatoes and flour. I spend three hours cooking the food. I earn $10 an hour with fringes. WIP $30 WAGES PAY $30 4)I am the USDA inspector. When I walk in, everyone sits down. $4000 in wages are incurred by cooks while I walk around. (idle time) MOH $4,000 WAGES PAY $4,000 5)I am the electric bill for the plant. My total is $500 0 MOH $5,000 ACCOUNTS PAY $5,000 6)I am the tax bill for the plant. My bill is $7000 MOH $7,000 ACCOUNTS PAY $7,000 7)I am the hazardous waste disposal bill. My total is $800. MOH $800 ACCOUNTS PAY $800 8)I am the Marketing Director, I earn $260,000 a year or $2,600 a day. SELLING, GENERAL & ADMIN. EXP $2,600 WAGES PAY $2,600 9)I am the quality control supervisor. I earn $67,600 a year or $260 a day MOH $260 WAGES PAY $260 10)I am the heating bill for the fancy office building housing the president. My total is $30,000 for the month SELLING, GENERAL & ADMIN. EXP $30,000 ACCOUNTS PAY $30,000 11)I am glue brought over to the packaging area for sealing the boxes of pot pies - value $10 MOH $10 SUPPLY INV. $10 12)I am the specialty cook called in to work one hour of overtime to add a special touch to the pot pie. My hourly wage is $10, but my overtime pay is a total of $15 per hour MOH $5 WIP $10 WAGES PAY $15 13)I am the depreciation on the oven used to cook the pies $5,000 MOH $5,000 ACCUM. DEPRECIATION $5,000 14)I am the total number of other labor hours for the other cooks spent on the batch of pot pies 196 hours at $10 per hour WIP $1,960 WAGES PAY $1,960 15) I am the overhead that needs to be applied WIP $4,000 MOH $4,000 16)I am the 10,000 finished pot pie. I am moved to the completed pot pie freezer. FINISHED GOODS INV. $8,500 WIP $8,500 17)a) I am the raw materials used for the new batch: 2250 pounds at $5 per pound is removed from the Raw Material Inventory & Transferred to WIP WIP 11,250 RAW MATERIALS $11,250 17b )I am 900 hours worked on the new batch - $10 per hour is paid WIP $9,000 WAGES PAY $9,000 900 HOURS @ $10 PER HR 17c) I am the manufacturing overhead applied to this job with 900 hours worked, and 2250 of materials used WIP $18,000 MOH $18,000 900 HOURS @ $20 PER HR 18)I am an additional 45,000 pot pies transferred to the finished pot pie freezer FINISHED GOODS INV $38,250 WIP $38,250 18.5) Pies costing $45,000 are sold at 200% of cost To record the movement of the goods: Cost of Goods Sold $45,000 Finished Goods $45,000 To record the Sale Accounts Receivable $90,000 Sales Revenue $90,000 19)I am the end of the month, and it is time to deal with the under/over applied manufacturing overhead COST OF GOODS SOLD $175 MOH175

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