Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Problema P20-1 Rope Certion is construction com specialling in customis. The paties are constructed a concrete brick, nortase, and lumber, depending upon customer eterne On

image text in transcribed
Problema P20-1 Rope Certion is construction com specialling in customis. The paties are constructed a concrete brick, nortase, and lumber, depending upon customer eterne On June 1, 2020, the general ledger for Ronin Carportentie the following data Raw Materials in 34,700 Mantang Over 331,650 Inend( Work in Process Inc. 55,840 Mang Overhead $32.640 Applied Credit Subaldiary data for Work in Process Inventary on Junere New Job Coat Sheets Maret S 300 CustomerJet Cost Element Direct Materials Direct Labor Manufacturing Overhead Rosa $ 600 320 400 Vero 900 560 5:40 575 22 During June, raw materiale purchased on account were 54,900, and if wages were pai. Additional overhead costs consisted of depreciation on chipment 5700 and miscellaneous cost of 5400 Incurred on account. A summary of material regulation slips and time theks to June shows the following: Customer Job Rosa Mar Ver Rosa Total Direct Cost Indirect cost Total Cost Material Requisition Time Tickets Sie S800 3450 2.000 300 500 360 1,300 1.200 300 300 4,000 3,200 1,500 1,200 1400 34.400 Overhead was changed to the same rate of $1.25 per dollar of direct labor cest. During Jure, the paties for customers Ross, Mariel und Vere were completed and sold for a total of $18,000 wach. Each customer paid in all instructional A Journable the June transactions for purchase of raw material, Toetary labor costs curred, and manufacturing overhead costs locurredsment of direct material, labor, and we had to production and completion of and sale of . Port the tries to Work in Process Inventory Reconcile the balance in Work in Process inventory with the cast of unfinished D. Prepare a cost of gode manucured schedule for June 30, 2020 Problema P20-1 Rope Certion is construction com specialling in customis. The paties are constructed a concrete brick, nortase, and lumber, depending upon customer eterne On June 1, 2020, the general ledger for Ronin Carportentie the following data Raw Materials in 34,700 Mantang Over 331,650 Inend( Work in Process Inc. 55,840 Mang Overhead $32.640 Applied Credit Subaldiary data for Work in Process Inventary on Junere New Job Coat Sheets Maret S 300 CustomerJet Cost Element Direct Materials Direct Labor Manufacturing Overhead Rosa $ 600 320 400 Vero 900 560 5:40 575 22 During June, raw materiale purchased on account were 54,900, and if wages were pai. Additional overhead costs consisted of depreciation on chipment 5700 and miscellaneous cost of 5400 Incurred on account. A summary of material regulation slips and time theks to June shows the following: Customer Job Rosa Mar Ver Rosa Total Direct Cost Indirect cost Total Cost Material Requisition Time Tickets Sie S800 3450 2.000 300 500 360 1,300 1.200 300 300 4,000 3,200 1,500 1,200 1400 34.400 Overhead was changed to the same rate of $1.25 per dollar of direct labor cest. During Jure, the paties for customers Ross, Mariel und Vere were completed and sold for a total of $18,000 wach. Each customer paid in all instructional A Journable the June transactions for purchase of raw material, Toetary labor costs curred, and manufacturing overhead costs locurredsment of direct material, labor, and we had to production and completion of and sale of . Port the tries to Work in Process Inventory Reconcile the balance in Work in Process inventory with the cast of unfinished D. Prepare a cost of gode manucured schedule for June 30, 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

5th edition

978-0133866292

Students also viewed these Accounting questions