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Please help, & please fill out the chart which was provided for the questions it is needed for. Thanks Draw Review Viel Design Layout References
Please help, & please fill out the chart which was provided for the questions it is needed for. Thanks
Draw Review Viel Design Layout References Mailings 1. At the beginning of the period, Jan 1, three jobs were in process: Job 400 (DM= $2,500 DL = $3,500: MO = $2,275), and Job 401 (DM = $6,000; DL = $6,400; MO = $4,160), Job 402 (DM = 1,900; DL = 4,800; MO = $3,120) Create job cost sheets for each job. 2. During the month Job 403 was started. Create a job sheet for this job. **Just title the last job cost sheet - Job 403 3. Purchased raw material on account $125,000 4. Actual overhead costs included: a. Paid factory rent: $4000 b. Utilities: S2800 c. Insurance: $850 d. Depreciation: $5,000 5. Estimated annual overhead costs: $276.250; Cost driver identified: Direct labor costs: estimated annual direct labor costs: $425,000: Calculate the pre-determined overhead rate. 6. Requisitioned $15,800 of material, of which $13,800 was direct material: $5,100 was for Job 400, 51,800 was for job 401, 53,600 was for Job 402, 53,300 was for Job 403 and the remainder was indirect material. Lpdate the job cost sheets 7. Assigned $50,000 in labor costs, of which $40,500 was direct labor, $8,500 was for Job 400, 59,700 was for Job 401. $10,200 was for Job 402, 512,100 was for Job 403, and the remainder was indirect labor. Update the job cost sheets. 3. Calculate the amount of overhead to apply into process if actual direct labor costs totaled $40,500 (joumalize the transaction). Calculate the amount of overhead to apply to jobs 400, 401, 402, and 403. Update the job cost sheets. 9. Other manufacturing overhead costs that occurred during the period aled $2,000 of which $800 was paid and the remainder was on account 10. Jobs 400, 401, and 402 were completed this period. Total the job cost sheets and prepare necessary journal entry 11. Job 400 was sold on account for 533,500;job 401 was sold for $48,000 cash: job 402 was sold for S41,000 of which 40 was paid and the remainder was on account Hint you can record the sale of each job separately 12. Calculate over or under applied overhead for the period. 15 Prepare the adjusting entry for manufacturing overhead. I words Type here to search Job 400 Man. Overhead Direct Material Direct Labor Total cost of Job Job 401 Man. Overhead Direct Material Direct Labor Total Cost of Job Job 402 Direct Material Direct Labor Man Overhead Total cost of Job Job 403 Direct Material Direct Labor Man Overhead Total Cort of Job Step by Step Solution
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