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Read these Instructions carefully! For October 2021, TruBent Machining's manufacturing activities generated the records shown in the Data sheet. TruBent worked on numerous Jobs that
Read these Instructions carefully! For October 2021, TruBent Machining's manufacturing activities generated the records shown in the Data sheet. TruBent worked on numerous Jobs that month and each data record pertains to the inputs for each job. The records are in chronological order and each record has fields for :Year, Month, Day, Job No., Type, Sub-Category, and Quantity (measured in appropriate input units for example, labor and machine quantities are measured in hours.) In order to complete the assignment you will need to do the following activities: 1. Watch video and use the practice data (optional if you already know to work with Excel Tables and PivotTables). 2. Prepare the Data by adding Unit Costs and Item Costs as explained on the Data tab. 3. Create an Excel table using the data in the Data tab. 4. Use the Excel table to create a PivotTable located in the Pivot tab. 5. Answer the questions given below. a. Some of the questions pertain to the specific job high-lighted in Green below. Note that this job is keyed to your UIN. Therefore be sure that you have entered your UIN and Name on the "Name \& ID" tab. b. Some of the questions pertain to the entirety of the data set and not a particular job. 2 Among the objectives are to determine the total amount of costs added in October to WIP a to Job No. 6527 The Costs per unit for each type of input by category are given in the table below. Machine costs are treated as overhead. Direct costs pertain to materials and labor. There are two types of labor, "skilled" and "normal". Each has a separate cost per labor hour. There are three types of materials used by TruBent, once again each material is measured in an appropriate input unit and the cost per unit is with respect to that input unit. 2 Required - Part 1 3 Questions 1 to 6 pertain only to Job No. ===> 4 Enter your answers in the appropriate Yellow shaded cell!!! Determine the total Direct Material costs added (to WIP) in October Determine the total Direct Labor costs added in October Determine the total Machine 1 related OH costs added in October Determine the total Machine 2 related OH costs added in October Determine the total Machine 3 related OH costs added in October 5 Determine the total manufacturing costs added in October 6 Required - Part 2 7 Questions 7 to 12 pertain to all work done in October (i.e., include all jobs) 8 Determine the total Direct Material costs added in October Determine the total Direct Labor costs added in October Determine the total Machine 1 related OH costs added in October Questions 19 to 20 Assume the actual overhead for the October is: Answer the following two questions regarding the closing of the mfg. overhead accounts for the month. You should create PivotTables that show the overhead applied for the month, the amount of overhead applied by job, and the amount of overhead applied to each job as a percentage of the total OH applied. What is the total amount of overhead under (use a positive number) or over Q19 (use a negative number) applied during the month? What is the total amount of adjustment required to be made to Job 6500 ? Q20 Use a positive number to indicate that the adjustment is a debit to WIP - Job 6500 and a negative number to indicate the adjustment is a credit to WIP - Job 6500 Read these Instructions carefully! For October 2021, TruBent Machining's manufacturing activities generated the records shown in the Data sheet. TruBent worked on numerous Jobs that month and each data record pertains to the inputs for each job. The records are in chronological order and each record has fields for :Year, Month, Day, Job No., Type, Sub-Category, and Quantity (measured in appropriate input units for example, labor and machine quantities are measured in hours.) In order to complete the assignment you will need to do the following activities: 1. Watch video and use the practice data (optional if you already know to work with Excel Tables and PivotTables). 2. Prepare the Data by adding Unit Costs and Item Costs as explained on the Data tab. 3. Create an Excel table using the data in the Data tab. 4. Use the Excel table to create a PivotTable located in the Pivot tab. 5. Answer the questions given below. a. Some of the questions pertain to the specific job high-lighted in Green below. Note that this job is keyed to your UIN. Therefore be sure that you have entered your UIN and Name on the "Name \& ID" tab. b. Some of the questions pertain to the entirety of the data set and not a particular job. 2 Among the objectives are to determine the total amount of costs added in October to WIP a to Job No. 6527 The Costs per unit for each type of input by category are given in the table below. Machine costs are treated as overhead. Direct costs pertain to materials and labor. There are two types of labor, "skilled" and "normal". Each has a separate cost per labor hour. There are three types of materials used by TruBent, once again each material is measured in an appropriate input unit and the cost per unit is with respect to that input unit. 2 Required - Part 1 3 Questions 1 to 6 pertain only to Job No. ===> 4 Enter your answers in the appropriate Yellow shaded cell!!! Determine the total Direct Material costs added (to WIP) in October Determine the total Direct Labor costs added in October Determine the total Machine 1 related OH costs added in October Determine the total Machine 2 related OH costs added in October Determine the total Machine 3 related OH costs added in October 5 Determine the total manufacturing costs added in October 6 Required - Part 2 7 Questions 7 to 12 pertain to all work done in October (i.e., include all jobs) 8 Determine the total Direct Material costs added in October Determine the total Direct Labor costs added in October Determine the total Machine 1 related OH costs added in October Questions 19 to 20 Assume the actual overhead for the October is: Answer the following two questions regarding the closing of the mfg. overhead accounts for the month. You should create PivotTables that show the overhead applied for the month, the amount of overhead applied by job, and the amount of overhead applied to each job as a percentage of the total OH applied. What is the total amount of overhead under (use a positive number) or over Q19 (use a negative number) applied during the month? What is the total amount of adjustment required to be made to Job 6500 ? Q20 Use a positive number to indicate that the adjustment is a debit to WIP - Job 6500 and a negative number to indicate the adjustment is a credit to WIP - Job 6500
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