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please help me with these questions Problem 5-26 T-Account Analysis of Cost Flows [LO3, LO6, L07) 5 Selected ledger accounts for Realm Company are given
please help me with these questions
Problem 5-26 T-Account Analysis of Cost Flows [LO3, LO6, L07) 5 Selected ledger accounts for Realm Company are given below for the just.completed year 12 points Bal. 1/1 Debits Bal. 31/12 Materials 34.000 Credits 440,000 65000 ebook Debits Manufacturing Overhead 394,200 Credits 2 ASK P 340,000 Bal. 1/1 Direct materiais Direct labour Overhead Bal. 31/12 Work in Process 76,000 Credits 328,000 115,00 410.000 ? v Debits Factory Wages Payable 189,000 Bal. 1/1 Credits Bal. 31/12 14,000 185,000 10.000 Finished Goods 47,200 Credit Bal. 1/1 Debits al 31/12 142,000 Overal al 31/12 4115,000 5 Debits Factory wages Payable 189,000 bal 1/1 Credit al 31/12 14.0 15,000 10.000 12 points BO Finished Goods 47,200 Credit ALK Dal 1/1 Debits B. 31/12 142.000 Pint Cost of Goods Sold 1 Debits Required: 1. What was the cost of raw materials put into production during the year? Cost of raw materials 2. How much of the materials in requirement consisted of indirect materials? Indi mala 2. How much of the materials in requirement 1 consisted of indirect materials? 5 12 points eBook 3. How much of the factory labour cost for the year consisted of indirect labour? ASK indid labour ! Print 4. What was the cost of goods manufactured for the year? Cost of goods manufactured 5. What was the cost of goods sold for the year before considering underapplied or ovetapplied overhead)? Cost of goods sold 5 5. What was the cost of goods sold for the year (before considering underapplied or overapplied over 12 points eBook Ack 6. If overhead is applied to production on the basis of direct materials cost, what rate was in effect during the year? Print Predatorneu averhead 7. Was manufacturing overhead underapplied or overapplied? By how much? by Manufacturing overhead was 5 7. Was manufacturing overhead underapplied or overapplied by how much 12 point AR 8. Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32.400 of this balance is direct materials cost how much of is direct labour cost? Manufacturing overhead cost I Ending balance in the work in process Drect bour cost Manufacturing overhead cost Step by Step Solution
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