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managerial accounting question please help me solve this quest. thank you Phillips Corporation's fiscal year ends on November 30 The following accounts are found in
managerial accounting question
please help me solve this quest.
thank you
Phillips Corporation's fiscal year ends on November 30 The following accounts are found in its iob order cost accounting system for the first month of the new fiscal year, Other data: 1 On December l. two jobs were in process: Job No. 154 and Job No. 155 These iObs had combined direct materials costsof 9.850 and direct labor costsof$ 15.300. Overheadwas applied ata rate thatwas of direct labor cost, z During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished, This job hodcharges for direct materials $4,400 anddirect labor $ 5000, plus manufacturingoverhead. All jobs, except for Job No, 158, were completed in December. J' On December l. Job No, 153 was in the finished goods warehouse, It had a total costof $ 5.200, On December 31. JobNo. 157 was theonlyjob finished thatwasn-ot sold, It had $ 4.200, 4 Manufacturing overhead was $ 1295 underapplied in December. List the letters (a) through (m) and indicate ttw amount pertaining to each letter. Raw Materials Inventory IL 350 8,205 Work in process inventory Jcm 31 31 Finished Goods Inventory 31 OT 31 31 31 Factory Labor 12225 Manufacturing Over h e ad 3K:oo Dec. 31
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