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Purl of Great Price Company Maria Young is the sole stockholder of Purl of Great Price Company ( POGP Company ) , which produces high

Purl of Great Price Company
Maria Young is the sole stockholder of Purl of Great Price Company (POGP Company), which produces high-end knitted sweaters and sweater vests for sale to retail outlets. The company started in January of the current year, and employs three knitters (each of whom work 40 hours per week) and one office manager/knitting supervisor (this employee works 20 hours per week as office manager, and 20 hours per week as knitting supervisor). All wages are paid in cash at the end of each month.
Each knitter has a knitting machine that is used about 2/3 of the knitters time, the rest of the knitters time being involved in hand knitting and piecing together the garments. The company also has a packaging machine used to wrap the garments in plastic for shipping, which is operated by the office manager/knitting supervisor approximately 5 hours per week.
The knitting machines were purchased on January 1 of the current year, and cost $2,400 each, with an anticipated useful life of 10 years and no salvage value. The packaging machine was purchased on the same date and cost $4,800, with the same anticipated useful life and salvage value.
Question Content Area
Nov. 30 Trial Balance
POGP Company
Trial Balance
November 30,20Y8
Account Title Debit Credit
Cash 20,000
Accounts Receivable 1,000
Supplies 200
Materials 5,000
Work in Process 5,404
Equipment 12,000
Accumulated Depreciation-Equipment 825
Accounts Payable 150
Common Stock 10,000
Retained Earnings 12,000
Dividends 18,096
Sales 307,500
Cost of Goods Sold 255,040
Factory Overhead 15
Wages Expense 13,750
330,490330,490
Predetermined Factory Overhead Rate
Since the company is more reliant on labor than machines, Maria decides to use direct labor hours (DLH) as the activity base for her predetermined factory overhead rate, rather than machine hours (MH).
Estimated Selected Amounts for the Year
Estimated depreciation on equipment $1,200
Estimated total Office Manager/Knitting Supervisor wages $30,000
Estimated office utilities $6,000
Estimated factory utilities $4,800
Estimated factory rent $24,000
Activity Base Data
Estimated number of DLH for the year 6,250
Estimated number of MH for the year 4,375
Compute the predetermined factory overhead rate for the current year.
$10.56 per DLH
Question Content Area
Materials Requisition Date: Dec. 10
Req. No.12255 Job No.83
Description Qty. Issued Unit Price Amount
Yarn type B 600 skeins $5 $3,000
Total issued $3,000
Time Ticket No.1255 Name: Susan Blake
Work Description: Knitting/piecing
Dates Job No. Hours Worked Unit Price Amount
12/01-12/156265 $15 $975
12/16-12/3183103151,545
Total Cost $2,520
Time Ticket No.2274 Name: Josh Porter
Work Description: Knitting/piecing
Dates Job No. Hours Worked Unit Price Amount
12/01-12/156275 $15 $1,125
12/16-12/318388151,320
Total Cost $2,445
Time Ticket No.3923 Name: Mary Jones
Work Description: Knitting/piecing
Dates Job No. Hours Worked Unit Price Amount
12/01-12/156260 $15 $900
12/16-12/3183109151,635
Total Cost $2,535
Job Cost Sheets
On December 10, POGP Company receives an order for 200 sweater vests and assigns Job 83 to the order. Review the Materials Requisition table to add the materials to the Job Cost Sheet for Job 83.
On December 15, review the Time Ticket tables to add the appropriate amount of direct labor and factory overhead costs to the Job Cost Sheet for Job 62 for the period December 1 through December 15.
On December 31, the last work day of the year for the knitters, review Time Ticket tables to add the appropriate amount of direct labor and factory overhead costs to the Job Cost Sheet for Job 83 for the period December 16 through December 31.
If there is no amount or an amount is zero, enter "0". If required, round your answers to the nearest cent.
Job 62100 units: Sweaters
Direct Materials Direct Labor Factory Overhead Total
Balance Dec. 1 $5,000 $300 $104 $5,404
Dec. 15 fill in the blank e55f0c03f02c008_1
0
fill in the blank e55f0c03f02c008_2
3,000
fill in the blank e55f0c03f02c008_3
2,112
fill in the blank e55f0c03f02c008_4
5,112
Total Cost $fill in the blank e55f0c03f02c008_5
5,000
$fill in the blank e55f0c03f02c008_6
3,300
$fill in the blank e55f0c03f02c008_7
2,216
$fill in the blank e55f0c03f02c008_8
10,516
Unit Cost $fill in the blank e55f0c03f02c008_9
105.16
Job 83200 units: Sweater vests
Direct Materials Direct Labor Factory Overhead Total Job Cost
Balance Dec. 1 $0 $0 $0 $0
Dec. 10 fill in the blank e55f0c03f02c008_10
5,000
fill in the blank e55f0c03f02c008_11
0
fill in the blank e55f0c03f02c008_12
0
fill in the blank e55f0c03f02c008_13
5,000
Dec. 31 fill in the blank e55f0c03f02c008_14
0
fill in the blank e55f0c03f02c008_15
4,500
fill in the blank e55f0c03f02c008_16
**Please help me solve this most of my answer is wrong.

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