O pronu ve reported for 2017. in custom patios. The patios are 15-3A Case Inc. is a construction company specializing in custom patios. constructed of concrete, brick, fiberglass, and lumber, dependingu berglass, and lumber denending upon customer preres ence. On June 1, 2017, the general ledger for Case Inc, contains the com Raw Materials Inventory Work in Process Inventory $4.200 $5,540 Manufacturing Overhead Applied Manufacturing Overhead Incurred ase Inc. contains the following data. $32,640 ufacturing Overhead Incurred $31,650 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $ 600 $ 800 Direct labor 320 540 Manufacturing overhead 400 675 $1,320 $2,015 Linton $ 900 580 725 $2,205 During June, raw materials purchased on account were $4,900, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $900 and miscel- laneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Rodgers Koss Stevens Linton Rodgers Materiale oguisition Slips $ 800 2,000 500 1,300 300 4,900 1,500 $6,400 Time Tickets $ 850 800 360 1,200 390 3,600 1,200 $4,800 General use Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor co The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $18,900. Each customer paid in full. Instructions (a) Journalize the June transactions: (1) for purchase of raw materials, factory labe incurred, and manufacturing overhead costs incurred; (2) assignment of direct labor, and overhead to production; and (3) completion of jobs and sale of aterials, factory labor costs od: (2) assignment of direct materials, (b) Post the entries to Work in Process Inventory. the balance in Work in Process Inventory with the costs of unfinished jobs. (d) Prepare a cost of goods manufactured schedule for June. 15-4A Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hour's in Department K. In establishing the predetermined overhead rates for 2017, the following estimates were made for the year. Department Manufacturing overhead Direct labor costs Direct labor hours Machine hours $1,200,000 $1,500,000 100,000 400,000 $1,500,000 $1,250,000 125,000 500,000 $900,000 $450,000 40,000 120,000 12 During January, the job cost sheets showed the following costs and production data. Department Direct materials used Direct labor costs Manufacturing overhead incurred Direct labor hours Machine hours $140,000 20.000 $ 99,000 8,000 34,000 $126,000 $110,000 $124,000 11,000 45,000 $78,000 $37,500 $79,000 3,500 10,400 Instructions (a) Compute the predetermined overhead rate for each department. (b) Compute the total manufacturing costs assigned to jobs in January in each department. (c) Compute the under or overapplied overhead for each department at January 31. P15-5A Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. 16,850 Raw Materials Inventory Dec. 1 Beginning balance (a) Dec. 31 Requisitions 31 Purchases Dec. 31 Ending balance 7,975 Work in Process Inventory Dec. 1 Beginning balance (b) Dec. 31 Jobs completed 31 Direct materials (e)
