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manufacturing overhead ? Lamonds Corp. uses a job order cost system. On April the accounts had balances as shown in the T-accounts below. The following
manufacturing overhead ?
Lamonds Corp. uses a job order cost system. On April the accounts had balances as shown in the T-accounts below. The following transactions occurred during April (a) Purchased materials on account at a cost of $232.470 by Requisitioned materials at a cost of $110.700, of which $16,300 was for general factory use (c) Recorded factory labor of $225.100, of which $42.075 was Indirect lo) incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent Factory depreciation 535.000 22,700 50,450 10.600 20,400 le) Applied overhead at a rate equal to 144 percent of direct labor cost m Completed jobs costing $261,750 ( Sold jobs costing 5322670 Recorded sales revenue of $509.000. Required: 1.82 Post the April transactions to the T-accounts and compute the balance in the accounts at the end of April (Post each transaction (d) cost separately. Round your answers to 2 decimal places.) 3-a. Compute over- or underapplied manufacturing overhoed (Round your answer to 2 decimal places.) 3b. If the balance in the Manufacturing Overhead account is closed directly to Cost of Goods Sold. Will Cost of Goods Sold increase or 4. Prepare Lamonda's cost of goods manufactured raport for April (Round your answers to 2 decimal places.) 5. Prepare Lamonda's April income statement include any adjustment to Cost of Goods Sold needed to dispose of over- or underappled manufacturing overhead (Round your answers to 2 decimal places.) decrease? Poat the April transactions to the accounts and compute the balance in the accounts at the end of April. Post cach transaction (d) costawy Round your ato 2 decimal places Raw Mat Inventory 29,300.00 Beg Bal Work in Process inventory 10.000.00 Beg Bal End Dat 29, 30000 ind, al 19.000.00 Finished Goods into 120100.00 Marthing Overhead Beg Bal Beg B End Bal 123.100.00 End 0.00 Cost of Gods Sold Sales Reve Req 1 and 2 Rey 3a Reg 36 Rego Rer tes Prepare Lamonda's cost of goods manufactured report for April. LAMONDA CORP Cost of Goods Manufactured Report For the Month of April Direct Materials Used Total Current Manufacturing Costs $ 0.00 Cost of Goods Manufactured Step by Step Solution
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