Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i just need the answer to the last one please. ASAP Total cost Prepare the journal entries to record the sale of any job(s) during

i just need the answer to the last one please. ASAP
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Total cost Prepare the journal entries to record the sale of any job(s) during the month (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Total cost 5. Assigned indirect materials of $21,760 and indirect labor of $25,600. (a) Calculate the predetermined overhead rate for 2022, assuming Cullumber Compamy eitimates total manufacturing overhead costs of $1,075,200, direct tabor costs of $896,000, and direct labor hours of 25,600 for the yeat. Prepare the journal entry to record the completion of any job(s) during the month. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Calculate the predetermined overhead rate for 2022, assuming Cullumber Compary estimates total manufacturing overhead costs of \$1.075,200, direct labor costs of \$896,000, and direct labor hours of 25,600 for the year. Predetermined overhead rate Prepare the journal entries to record the assignment of (2) raw materiak, (2) factory labor, and (3) manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the journal entries to record (1) the purchase of raw materials, (2) the factory labor costs incurred, and (3) the manufacturing overhead costs incurred during the month of January. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Open job cost sheets for Jobs 50,51, and 52 . Enter the January 1 balances on the job cost sheet for Job 50 . Postall costs to the job cost sheets as necessary. What is the balance in the Finished Goods Inventory account at the end of the month?(Hint: Use a T-account for Finished Goods Imventery.) What does this balance consist of? Finished Goods Inventory eTextbook and Media Assistance Used List of Accounts Attempts: 2 of 10 used (h) Your answer is gartially correct. What is the amount of over or underapplied ovechead

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

Recommended Textbook for

ISO IEC 27001 Lead Auditor Mastering ISMS Audit Techniques

Authors: Dr Tamuka Maziriri

1st Edition

107903160X, 978-1079031607

More Books

Students also viewed these Accounting questions

Question

Analyse the various techniques of training and learning.

Answered: 1 week ago