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On November 14, the Milling Department accepted Job 111407A for 1,000 pounds of cereal mix. Materials: Standard Qty. Standard Cost Oats 525 pounds $1.25 per
On November 14, the Milling Department accepted Job 111407A for 1,000 pounds of cereal mix.
Materials: | Standard Qty. | Standard Cost | ||
Oats | 525 pounds | $1.25 per pound | ||
Wheat | 450 pounds | $1.15 per pound | ||
Barley | 85 pounds | $1.45 per pound | ||
Malt | 65 pounds | $2.15 per pound | ||
Honey | 25 quarts | $1.20 per quart | ||
Water | 25 gallons | $0.45 per gallon | ||
Time: | ||||
Miller | 4 1/2 hours | $22.75 per hour | ||
Loader | 1 1/2 hours | $11.50 per hour |
Overhead is applied at $5.75 per pound completed. The recipe produced 1,025 pounds of cereal mix.
If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent.
a. Journalize the entry to record the transfer of raw materials to Job 111407A. Nov. 14 b. Journalize the entry to record the direct labor incurred for Job 111407A. Nov. 14 c. Journalize the entry to record the manufacturing overhead applied to Job 111407A. Nov. 14 d. Journalize the entry to record the transfer of Job 111407A to Finished Goods on November 14. Nov. 14
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