Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

questions 1-8 the answers i've been getting have been cut off so i can't see the second column i just need 6-8 Balance 12/31 45,00

questions 1-8
the answers i've been getting have been cut off so i can't see the second column
image text in transcribed
i just need 6-8
image text in transcribed
Balance 12/31 45,00 Manufacturing Overhead Debit Credit Debits 188,400 Credits Work in Process Credit 53e, see Debit Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 48,eee Credits 110, 210,eve 218 400 Debit Debits Factory wages Payable Credit 225,000 Balance 1/1 Credits Balance 12/31 Finished Goods Credit 60,00 Credits 19.00 220.000 14, Debit Balance 1/1 Debits Balance 12781 90,000 Cost of Goods Sold bebis Credit Debits Required: 2. What was the cost of raw materials used in production during the year? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost for the year consisted of indirect labor? 4. What was the cost of goods manufactured for the year? 5 What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer 6. If overhead is applied to production on the basis of direct labor cost. what predetermined overhead rate was in effect during the year? 2. Was manufacturing overhead underappled or overappled By now much? 8 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year, ir $13,950 of this balance is direct labor cost, how much of it is direct materias cost? Applied overhead cost? Complete this question by entering your answers in the tabs below. Regis Rec6 Rea 7 1. What was the cost of materials used in production during the year? 2. How much of the materials in (1) above consisted of indirect materials 3. How much of the factory labor cost for the year consisted of indirect labor 4. What was the cost of goods manufactured for the year 5. What was the unadjusted cost of goods sold for the year? De not include any underapplied or averapplied overhead in your an Show 1. Coster int 3 Cost of 3 3.500 3 150.000 5 000 1 150.000 Selected T-accounts of Moore Company are given below for the just completed year Raw Materials Credit Debit Balance 1/1 Debits Balance 12/31 35,000 Credits 160.ee 45,00 Manufacturing overhead Debit Credit Debits 188,400 Credits 2 Work In Process Credit 530.000 Debit Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 48,000 Credits 110,000 210,00 218.400 Debit Debits 19.000 220.000 14, eee Debit Balance 1/1 Debits Balance 12/31 Factory wages Payable Credit 225,000 Balance 1/1 Credits Balance 12/31 Finished Goods Credit 50,000 Credits 2 90,000 Cost of Goods Sold Credit > Debit Debits Required: 1 What was the cost of raw materials used in production during the year? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost for the year isted of Indirect lobor? 4. What was the cost of goods manufactured for the year? 5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer. 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process Assume that this balance consists entirely of goods started during the year if $13.950 of this balance is direct labor cost how much of it is direct materials cost? Applied overhead cost? Complete this question by entering your answers in the tabs below. Realtos Red Reg Reg If overhead is applied to production on the basis of direct labor cost what predetermined overhead rate was in effect during the year Termine where o de labor

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

Accounting Information Systems

Authors: Patrick R. Wheeler, Ulric J. Gelinas, Richard B. Dull, Dull Gelinas Wheeler

International 10th Edition

017035539X, 9780170355391

More Books

Students also viewed these Accounting questions

Question

Discuss preparing and formatting budget schedules.

Answered: 1 week ago