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I've been stuck on this one for a while now... Exercise 3-10 Applying Overhead; Journal Entries; T-accounts (LO3-1 , LO3-2) Dillon Products manufactures various machined

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Exercise 3-10 Applying Overhead; Journal Entries; T-accounts (LO3-1 , LO3-2) Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order c applies overhead cost to jobs on the basis of machine-hours. At the beginning of the estimate that it would incur $4,248,400 in manufacturing overhead cost at an activity level of 559.000 machine-hours year, the company used a cost formula to company spent the entire month of January working on a large order for 12700 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow a. Raw materials purchased on account, $322.000 Raw materials used in production, $262,000 (80% direct materials and 20% indirect materials). b c. Labor d. Depreciation recorded on factory equipment, $62,500 e. Other manufacturing overhead costs incurred on account, $84,300. t. Manufacturing overhead cost was applied to production on the basis of 40,800 machine-hours actually worked during the month g. The completed job for 12,700 custom-made machined parts was moved into the finished goods warehouse on January 31 to await ces cost accrued in the factory, $165,000 (one-third direct labor and two-thirds indirect labor) delivery to the customer. (In computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overhead.) Required e journal entries to record items (a) through () above [ignore item (g) for the moment). 2 Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T-accounts 3. Prepare a journal entry for item (g) above. 4. Ir 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for Fe Complete the question by entering your answers in the tabs belovw

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