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Job Costing with Predetermined Overhead Rate Kubota Corporation manufactures equipment in batches for inventory stock. Assume that Kubota's production costs are accounted for using a
Job Costing with Predetermined Overhead Rate
Kubota Corporation manufactures equipment in batches for inventory stock. Assume that Kubota's production costs are accounted for using a job cost
system. At the beginning of April raw materials inventories totaled $ manufacturing supplies amounted to $ and finished goods
inventories totaled $ Two jobs were in process: Job with assigned costs of $ and Job with assigned costs of $
The following information summarizes April manufacturing activities:
Purchased raw materials costing $ on account.
Purchased manufacturing supplies costing $ on account.
Requisitioned materials needed to complete Job Started two new jobs, and and requisitioned direct materials for them.
Recorded April salaries and wages as follows:
Used manufacturing supplies costing $
Recognized depreciation on factory fixed assets of $
Incurred miscellaneous manufacturing overhead costs of $ on account.
Applied manufacturing overhead at the rate of $ per direct labor hour.
Completed Jobs and
Required
Prepare a complete analysis of all activity in WorkinProcess including job sheets reconciling from the beginning to the ending balances.
Note: Do not use a negative sign with any of your answers.
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