In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $502,000. The conversion cost for the period in the Rolling Department is $114,700 ($68,200 factory overhead applied and $46,500 direct labor). The total cost transferred to Finished Goods for the period was $550,000. The Rolling Department had a beginning inventory of $20,500.

a1. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank.

	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWork in Process-CastingWork in Process-Rolling	- Select -	- Select -
	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -

a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank.

	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -
	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWork in Process-CastingWork in Process-Rolling	- Select -	- Select -
	Accounts PayableCashFactory Overhead-CastingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -

a3. Journalize the costs transferred out to Finished Goods. If an amount box does not require an entry, leave it blank.

	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -
	Accounts PayableCashFactory Overhead-CastingFactory Overhead-RollingFinished GoodsMaterialsWages PayableWork in Process-CastingWork in Process-Rolling	- Select -	- Select -

b. Determine the balance of Work in ProcessRolling at the end of the period. $fill in the blank 5a4d01fedf9a01e_1

7. BE.17.08.ALGO

Analyzing changes in unit costs

The costs of materials consumed in producing good units in the Forming Department of Thomas Company were $6,160 and $11,550 for September and October, respectively. The number of equivalent units produced in September and October was 770 tons, and 1,650 tons, respectively. Evaluate the change in the cost of materials between the two months.

Round all answers to the nearest whole cent.

Energy cost per ton, September	$fill in the blank 1
Energy cost per ton, October	$fill in the blank 2

The cost of energy has appeared to

decreaseincrease

by $fill in the blank 4 per ton between September and October.

8. BE.18.01.ALGO

Single Plantwide Factory Overhead Rate

The total factory overhead for Bardot Marine Company is budgeted for the year at $1,162,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require four direct labor hours for manufacture. Each product is budgeted for 7,000 units of production for the year.

When required, round all per unit answers to the nearest cent.

a. Determine the total number of budgeted direct labor hours for the year. fill in the blank 1 direct labor hours

b. Determine the single plantwide factory overhead rate. $fill in the blank 2 per dlh

c. Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate.

Speedboat	$fill in the blank 3 per unit
Bass boat	$fill in the blank 4 per unit