i just need help with 7,8, and 9. Thanks
R T-accounts ping D R Work-in-Process Control Finished Goods Control Fil Direct Materials Control 1-1- 2017 40,000 234,000 134,000 1-1-2017 44,000 1-1-2017 880,000 Dir. Manuf. 10,000 925,000 M labor 348,000 Manufacturing Overhead Allocated R Cost of Goods Sold Manufacturing Overhead Control 514,000 R Print Done Postures urge year WUK-process Comur ACCOUNT TO sure to select reference labels for each of the entries NUTI UN UIT DUCONO UT, ZUTT. DU a. Direct manufacturing labor wage rate was $12 per hour. b. Manufacturing overhead was allocated at $16 per direct manufacturing labor-hour. During the year, sales revenues were $1,070,000, and marketing and distribution costs were $128,000. c. JH Print Done ver WH 7. Dispose of the under- or overallocated manufacturing overhead using the following: a. Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 8. Using each of the approaches in requirement 7, calculate Pineway's operating income for 2017. 9. Which approach in requirement 7 do you recommend Pineway use? Explain your answer briefly. of job 3. WI s dur nber P4-42 (similar to) Question Help Pineway Company uses normal costing in its job-costing system. Partially completed. T-accounts and additional information for Pineway for 2017 are as follows: Click the icon to view the T-accounts.) (Click the icon to view the additional information) Read the requirements > Requirement 1. What was the amount of direct materials issued to production during 2017? Direct materials issued to production during 2017 was $ 234,000 Requirement 2. What was the amount of manufacturing overhead allocated to jobs during 2017? First identity the formula to calculate the manufacturing overhead allocated. Direct manufacturing labor hours Manufacturing overhead rato Manufacturing overhead allocated Manufacturing overhead allocated to jobs during 2017 was $ 464,000 Requirement 3. What was the total cost of jobs completed during 2017? The total cost of jobs completed during 2017 was $ 925,000 Requirement 4. What was the balance of work-in-process inventory on December 31, 2017? Post the entries during the year in the Work-in-process control account to determine the ending balance on December 31, 2017. Be sure to select reference labels for each of the entries Work in Process Control Enter any number in the edit fields and then click Check Answer. R T-accounts ping D R Work-in-Process Control Finished Goods Control Fil Direct Materials Control 1-1- 2017 40,000 234,000 134,000 1-1-2017 44,000 1-1-2017 880,000 Dir. Manuf. 10,000 925,000 M labor 348,000 Manufacturing Overhead Allocated R Cost of Goods Sold Manufacturing Overhead Control 514,000 R Print Done Postures urge year WUK-process Comur ACCOUNT TO sure to select reference labels for each of the entries NUTI UN UIT DUCONO UT, ZUTT. DU a. Direct manufacturing labor wage rate was $12 per hour. b. Manufacturing overhead was allocated at $16 per direct manufacturing labor-hour. During the year, sales revenues were $1,070,000, and marketing and distribution costs were $128,000. c. JH Print Done ver WH 7. Dispose of the under- or overallocated manufacturing overhead using the following: a. Write-off to Cost of Goods Sold b. Proration based on ending balances (before proration) in Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold 8. Using each of the approaches in requirement 7, calculate Pineway's operating income for 2017. 9. Which approach in requirement 7 do you recommend Pineway use? Explain your answer briefly. of job 3. WI s dur nber P4-42 (similar to) Question Help Pineway Company uses normal costing in its job-costing system. Partially completed. T-accounts and additional information for Pineway for 2017 are as follows: Click the icon to view the T-accounts.) (Click the icon to view the additional information) Read the requirements > Requirement 1. What was the amount of direct materials issued to production during 2017? Direct materials issued to production during 2017 was $ 234,000 Requirement 2. What was the amount of manufacturing overhead allocated to jobs during 2017? First identity the formula to calculate the manufacturing overhead allocated. Direct manufacturing labor hours Manufacturing overhead rato Manufacturing overhead allocated Manufacturing overhead allocated to jobs during 2017 was $ 464,000 Requirement 3. What was the total cost of jobs completed during 2017? The total cost of jobs completed during 2017 was $ 925,000 Requirement 4. What was the balance of work-in-process inventory on December 31, 2017? Post the entries during the year in the Work-in-process control account to determine the ending balance on December 31, 2017. Be sure to select reference labels for each of the entries Work in Process Control Enter any number in the edit fields and then click Check
