Lamanda Corp. uses a job order cost rystem. On Apnit 1, the accoums had balances as shown in the Taccouns below. The following transactons occurred dunng Applt (8) Purchased matenals on accoum at a cost of $231,870 (O) Requisivoned materials at a cost of $170,600, of which $16700 was for general factory use. (c) Rocorded factory labor of $224,800, of which $42275 was indrect. (of) incumed ather cosss: (e) Apoled overhesd at a rate equal to 143 percent of direct labor cost. (1) Compleved jobs costing $262750 i9j Sold jobs costing \$323.070. on Recorded sales revenue of $519.000. Required: 1. \& 2 Poit the Apri transactiona to the Taccounts and compute the balance in the accourts at the end of Apri. (Post each transaction (ol cost separately. Round your answers to 2 decinal places.) 3-a. Compute over- or underapplied manutacturing overhead. (Round your answer to 2 decimal piaces.) 3.b. If the balance in the Nanufacturing Ovechead account is ciosed oirectly to Cost of Goods Sold, wit Cost of Goods Sold increase c decresse? 4. Prepare Lamonda's cost of qoods manulactured report for Aprl. (Round your answers to 2 decimal places.) Poat the April transactions to the T-accounts and compute the balance in the accounts at the and of Apoll. (Post sach transa Round your answers to 2 decimal places.) Lsmonds Carp. uses a jab order coct sygtem. On April the sccounta hso bo ances is shown. In the T-eccounts belowr The follawing tranasctors occurred during Aprl: (a) Purchssed materiols on sccount st o cost of $231,970. (6) Requistioned materisla st a cost of $110,600, of which $16,700 wsi for general factary use. (c) Recorced factory iobor of $224,800, of which $42,275 wse indirect. (c) Incurred other coats: (e) Appled overhesd st a rote ecusl to 43 percent of direct labor cost. (4) Comp eted jobs coating $262750. (9) So djoos costing $523.070. (if) Recorded ssies revenue of $519.000. Required: 1. \& 2. Post the Aprl tranasctors to the T-sccounts and compute the bsisnce in the accounts st the end of ApriL (Post eoch transsction (d) cost separately. Round your answers to 2 decimel pleces.) 3-a. Compute over-or undersaphed minufecturing overheod. ARound your answer to 2 declmal ploces.) 3-b. If the bsiance in the Msnufscturing Overhesd sccount is cioced directly to Cost of Gaods Sold, will Cost of Goods Sold increece or decresse? 4. Prepsre Lamonds's coat of goods manufactured repot for Apri. (Round your answers to 2 decimel ploces.) 5. Prepsre Lemonda's Apri income stavement. Include any sdjustryent to Cost of Goods Sold needed to dspoce of aver- ar undersppled msnufacturing ovechesd. (Round your answers to 2 decimal places) Complete this question by entering your answers in the tabs below. Poat the Apre transections to the T-acrounts and compute the bs/ance in the acrounts at the end of Apnl. (Foct each transaction (d) coak separate'Y. Round your arawers to 2 decimal places.) Lamanda Corp. uses a job order cost rystem. On Apnit 1, the accoums had balances as shown in the Taccouns below. The following transactons occurred dunng Applt (8) Purchased matenals on accoum at a cost of $231,870 (O) Requisivoned materials at a cost of $170,600, of which $16700 was for general factory use. (c) Rocorded factory labor of $224,800, of which $42275 was indrect. (of) incumed ather cosss: (e) Apoled overhesd at a rate equal to 143 percent of direct labor cost. (1) Compleved jobs costing $262750 i9j Sold jobs costing \$323.070. on Recorded sales revenue of $519.000. Required: 1. \& 2 Poit the Apri transactiona to the Taccounts and compute the balance in the accourts at the end of Apri. (Post each transaction (ol cost separately. Round your answers to 2 decinal places.) 3-a. Compute over- or underapplied manutacturing overhead. (Round your answer to 2 decimal piaces.) 3.b. If the balance in the Nanufacturing Ovechead account is ciosed oirectly to Cost of Goods Sold, wit Cost of Goods Sold increase c decresse? 4. Prepare Lamonda's cost of qoods manulactured report for Aprl. (Round your answers to 2 decimal places.) Poat the April transactions to the T-accounts and compute the balance in the accounts at the and of Apoll. (Post sach transa Round your answers to 2 decimal places.) Lsmonds Carp. uses a jab order coct sygtem. On April the sccounta hso bo ances is shown. In the T-eccounts belowr The follawing tranasctors occurred during Aprl: (a) Purchssed materiols on sccount st o cost of $231,970. (6) Requistioned materisla st a cost of $110,600, of which $16,700 wsi for general factary use. (c) Recorced factory iobor of $224,800, of which $42,275 wse indirect. (c) Incurred other coats: (e) Appled overhesd st a rote ecusl to 43 percent of direct labor cost. (4) Comp eted jobs coating $262750. (9) So djoos costing $523.070. (if) Recorded ssies revenue of $519.000. Required: 1. \& 2. Post the Aprl tranasctors to the T-sccounts and compute the bsisnce in the accounts st the end of ApriL (Post eoch transsction (d) cost separately. Round your answers to 2 decimel pleces.) 3-a. Compute over-or undersaphed minufecturing overheod. ARound your answer to 2 declmal ploces.) 3-b. If the bsiance in the Msnufscturing Overhesd sccount is cioced directly to Cost of Gaods Sold, will Cost of Goods Sold increece or decresse? 4. Prepsre Lamonds's coat of goods manufactured repot for Apri. (Round your answers to 2 decimel ploces.) 5. Prepsre Lemonda's Apri income stavement. Include any sdjustryent to Cost of Goods Sold needed to dspoce of aver- ar undersppled msnufacturing ovechesd. (Round your answers to 2 decimal places) Complete this question by entering your answers in the tabs below. Poat the Apre transections to the T-acrounts and compute the bs/ance in the acrounts at the end of Apnl. (Foct each transaction (d) coak separate'Y. Round your arawers to 2 decimal places.)
