Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PROBLEM 1 vs 2 NAME: 12000 Direct materials 7000 Direct labor 18000 Rent on factory building 12000 Sales salaries 11000 Depreciation on factory equipment Indirect

image text in transcribed

PROBLEM 1 vs 2 NAME: 12000 Direct materials 7000 Direct labor 18000 Rent on factory building 12000 Sales salaries 11000 Depreciation on factory equipment Indirect labor 8000 Production supervisor's salary Utility cost of running the factory 8000 Plus $2 per unit produced Repairs on the delivery trucks 500 Plus $.25 per unit sold If 12,000 units were produced and sold, what is the total MOH for the month? List the costs you use here to derive the total: 4000 PROBLEM 2: Use the two accounts below to answer questions a., b. and c. Bal. 30,500 Work In Process for November 2,000 (7) 4,500 9,000 ??? 3,000 (5) (6) Bal. ??? (8) (9) (10) Bal. Manufacturing Overhead 10,000 (11) 9,000 5,000 6,000 a. How much overhead was applied to production this period? b. Is MOH over or underapplied? c. Do a cost of goods manufactured schedule below using direct materials of $4,500 and direct labor of $9,000, and other numbers as needed from the two accounts above. Write small and concisely, abbreviating labels is always fine. These are management reports, not financial statements

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

Step: 3

blur-text-image

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

Bucks The Next Step Advanced Medical Coding And Auditing

Authors: Elsevier

1st Edition

0323874118, 978-0323874113

Students also viewed these Accounting questions

Question

mple 10. Determine d dx S 0 t dt.

Answered: 1 week ago