Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mastery Peab Order Casting Purt of Great Price Company Mara Young the sole rout of Great Price Company POGP Compal which produce hand nied sweaters

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Mastery Peab Order Casting Purt of Great Price Company Mara Young the sole rout of Great Price Company POGP Compal which produce hand nied sweaters and sweater vests for sale to the company started in orary of the current year, and employs the reach of whom 40 hours per week) rece manager nitting supervisorse works ours per week office manager, and 20 hours per week as riting supervisor). All wages are paid in the end of each month tache hasting that is used about 2/3 of the terms, the rest of the nor's time being wolved in and inng and placing together the garments. The company also has a packaging machine used to wrap the garments in plastic for going which is corted by the managering vir remately 5 hours per week The machines were used on January 1 of the rest year, and cost $2,400 each, when we of 10 years and resivage value. The packaging machine was purchased on the une date and cont 14.600 with the same anticipated POGP Company Trial Balance November 30, 2018 ACT Cred Debit 20,000 12.000 Ad Det 150 10,000 12,300 11. 255.00 Pred Factory Overhead Predetermined Factory Overhead Rate Since the company is more relatos worth machines, Maria decides to ne director hours (4) the base for her predetermined factory overhead ratt, rather than machine hours (M) Estimated Selected Amounts for the Year Estime depreciation on woment $1,200 Estimated to Manager/britting Supervisor wage 42,000 34.000 Activity Base Data umber of the year 5.000 tomated number of MH for the year 3.500 Compute the productory to the current year $10.30 per DateDe 10 otted Price Amount Total wed $3.500 Time Ticket No. 125 Name: Job Ne 12/01-12/15 13/11 Hours worked Price Amount 115 975 103 15 1.545 Total 2.520 Susan Wake TimeTi No. 1255 work Description King Dates Job Ne 12/01-125 12/16-12/ Hours Worked Unit Price Amount 55 $15 5975 10) 15 Total 648 $2,50 Time Ticket No. 2214 Name: Josh Porter Bates 33 Hours World Unit Price Amount 315 $1.125 15 1,320 Total Cost 52,445 TimeTi No. 3923 Name Mary Jones 1.43 Dates Job Ne Hours Worked Unit Price Amount 12/01 - 12/15 1900 83 15 Totalt 12.535 Decout Sheets on December 10, POGP Company receives order for 200 watts and is 3 to the order Review the restion to add the materials to the Cost Sheet for Job Decembris, review the cat de propriate anunt of director and actory conto the Cut Sheet for Jobs for the period December through December 15. on December , the last work day of the year for the inters, review Time Table to the sport amount of director and factory reacts to the Job Cost Sheet for for the period December 16 through December Job 3 Direct Labor 15.000 Factory Overhead $104 Total 55.404 Dec 15 Total Job Cat Sheets December 10, PG Com order for 200 ves and assist the oder view the trust the materials to the other on December 15.review them to the rarement of rector and factory vedcouts to the Job Cow Sheet for Job 2 for the period Decal through December 15. Din December, the day of the year for the reviewed tables to empre amount of director and actory word cows to the other for for the period December 18 through December 31 amount of an amount is er ord round you are to the nearestent ob 62 Direct Materiale Die Labor Factory Overhead Total Balance Dec 15.000 1300 5104 Total Jobs Bird Materiale Laboratory Overhead 50 SO Totale cost 10 De 10 D. Total com Journal On December 10, POCompany receives and for 300 ter vests and Review the Mestion to the entry to record the others to work in an amount Dec. 15 Work in preces On December 15, w the Tidates to me the try to record the factory for the December 1 December 15. If an amount om te Dec. 15 Work in Process Factory Overhead On December 21,2 cm Review the cost shed your south move the stored amount to try and were - che Os December 22.750 100 from 2 for $123 The entry to record the recommandato Cost of Goods Dec 22 Accounts Receivable Dec 22 Cast of Goods Sold On December 31, the last work day of the year for the nors, review the Time Tables to your the entry to record the son of crew to work in Process to the period December 16th December 31. mount box or recreas Dec 31 Work in Process Wees Payable Part On December the day of the year for the review the best mother to the factory over to Worked Dec 16 through berbedrer Dec. Work in Process Factory Overhead On December 3, the last day of the year for the reconocery sad to work in process for the period December 16 through December 31. martbox does not more a entry leavita Dec 31 Work in Process Factory Our One morales onemos actory of $1,275 De Factory Overhead Wages Payable DOD Cash DODO. Accumulated Depreciation to me De Cost of Sald Recum Depreciation Dec 31 Cost of Goods Sold Factory Overhead Question wat are the balance in the following us as of December in amounts on Wor he Good Factory Overhead Cost of Goods cara yang Ave Mastery Peab Order Casting Purt of Great Price Company Mara Young the sole rout of Great Price Company POGP Compal which produce hand nied sweaters and sweater vests for sale to the company started in orary of the current year, and employs the reach of whom 40 hours per week) rece manager nitting supervisorse works ours per week office manager, and 20 hours per week as riting supervisor). All wages are paid in the end of each month tache hasting that is used about 2/3 of the terms, the rest of the nor's time being wolved in and inng and placing together the garments. The company also has a packaging machine used to wrap the garments in plastic for going which is corted by the managering vir remately 5 hours per week The machines were used on January 1 of the rest year, and cost $2,400 each, when we of 10 years and resivage value. The packaging machine was purchased on the une date and cont 14.600 with the same anticipated POGP Company Trial Balance November 30, 2018 ACT Cred Debit 20,000 12.000 Ad Det 150 10,000 12,300 11. 255.00 Pred Factory Overhead Predetermined Factory Overhead Rate Since the company is more relatos worth machines, Maria decides to ne director hours (4) the base for her predetermined factory overhead ratt, rather than machine hours (M) Estimated Selected Amounts for the Year Estime depreciation on woment $1,200 Estimated to Manager/britting Supervisor wage 42,000 34.000 Activity Base Data umber of the year 5.000 tomated number of MH for the year 3.500 Compute the productory to the current year $10.30 per DateDe 10 otted Price Amount Total wed $3.500 Time Ticket No. 125 Name: Job Ne 12/01-12/15 13/11 Hours worked Price Amount 115 975 103 15 1.545 Total 2.520 Susan Wake TimeTi No. 1255 work Description King Dates Job Ne 12/01-125 12/16-12/ Hours Worked Unit Price Amount 55 $15 5975 10) 15 Total 648 $2,50 Time Ticket No. 2214 Name: Josh Porter Bates 33 Hours World Unit Price Amount 315 $1.125 15 1,320 Total Cost 52,445 TimeTi No. 3923 Name Mary Jones 1.43 Dates Job Ne Hours Worked Unit Price Amount 12/01 - 12/15 1900 83 15 Totalt 12.535 Decout Sheets on December 10, POGP Company receives order for 200 watts and is 3 to the order Review the restion to add the materials to the Cost Sheet for Job Decembris, review the cat de propriate anunt of director and actory conto the Cut Sheet for Jobs for the period December through December 15. on December , the last work day of the year for the inters, review Time Table to the sport amount of director and factory reacts to the Job Cost Sheet for for the period December 16 through December Job 3 Direct Labor 15.000 Factory Overhead $104 Total 55.404 Dec 15 Total Job Cat Sheets December 10, PG Com order for 200 ves and assist the oder view the trust the materials to the other on December 15.review them to the rarement of rector and factory vedcouts to the Job Cow Sheet for Job 2 for the period Decal through December 15. Din December, the day of the year for the reviewed tables to empre amount of director and actory word cows to the other for for the period December 18 through December 31 amount of an amount is er ord round you are to the nearestent ob 62 Direct Materiale Die Labor Factory Overhead Total Balance Dec 15.000 1300 5104 Total Jobs Bird Materiale Laboratory Overhead 50 SO Totale cost 10 De 10 D. Total com Journal On December 10, POCompany receives and for 300 ter vests and Review the Mestion to the entry to record the others to work in an amount Dec. 15 Work in preces On December 15, w the Tidates to me the try to record the factory for the December 1 December 15. If an amount om te Dec. 15 Work in Process Factory Overhead On December 21,2 cm Review the cost shed your south move the stored amount to try and were - che Os December 22.750 100 from 2 for $123 The entry to record the recommandato Cost of Goods Dec 22 Accounts Receivable Dec 22 Cast of Goods Sold On December 31, the last work day of the year for the nors, review the Time Tables to your the entry to record the son of crew to work in Process to the period December 16th December 31. mount box or recreas Dec 31 Work in Process Wees Payable Part On December the day of the year for the review the best mother to the factory over to Worked Dec 16 through berbedrer Dec. Work in Process Factory Overhead On December 3, the last day of the year for the reconocery sad to work in process for the period December 16 through December 31. martbox does not more a entry leavita Dec 31 Work in Process Factory Our One morales onemos actory of $1,275 De Factory Overhead Wages Payable DOD Cash DODO. Accumulated Depreciation to me De Cost of Sald Recum Depreciation Dec 31 Cost of Goods Sold Factory Overhead Question wat are the balance in the following us as of December in amounts on Wor he Good Factory Overhead Cost of Goods cara yang Ave

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An Introduction To Concepts Methods And Uses

Authors: Clyde P. Stickney, Roman L. Weil

12th Edition

0324381980, 978-0324381986

More Books

Students also viewed these Accounting questions

Question

14.5 Describe how accidents at work can be prevented.

Answered: 1 week ago