Question
Realice las siguientes transacciones en las Cuentas T 1- Purchase of material on accounts (Direct & Indirect) $ 95,750 2- Materia send to manufacturing plant
Realice las siguientes transacciones en las Cuentas T 1- Purchase of material on accounts (Direct & Indirect) $ 95,750 2- Materia send to manufacturing plant floor: Direct Material 25% and indirect material 15% 3- Manufacturing labor wages (liabilities): 6 employees $9.50 per hour & 40 hours weekly 4- Aditional manufacturing Overhead cost incurred . during the month: Utilities $ 24,500, insurance expired $ 3,500 and depreciation on equipment $ 45,500. 5- Payment of total manufacturing labor 6- Allocation of manufacturing Overhead to products $75 per machine-hour (1,000 machine-hours) 7- Completion and transfer to Finished Goods 75% of Work-in-process. 8- Allocation to Cost of Goods Sold 65%
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