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repost becahse url and pictures pls help due at 9 Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment

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repost becahse url and pictures pls help due at 9
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea of fields. The company uses a job order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor hours. Its predetermined overhead rate was based on a cost formula that estimated $360,000 of manufacturing overhead for an estimated allocation base of 900 direct labor-hours. The following transactions took place during the year 1 a. Raw materials purchased on account. $200,000 b Raw materials used in production (all direct materials) $185,000 c. Utility bills incurred on account, $70,000 (90% related to factory operations, and the remainder related to selling and administrative activities) d. Accrued salary and wage costs: Direct labor (975 hours) Indirect labor $ 230,000 $ 99,000 $ 110,000 Selling and administrative salaries ces e. Maintenance costs incurred on account in the factory, $54,000 1. Advertising costs incurred on account. $136,000. g. Depreciation was recorded for the year. $95.000 (80% related to factory equipment, and the remainder reloted to selling and administrative equipment) h. Rental cost incurred on account. $120.000 (85% related to factory facilities, and the remainder related to selling and administrative facilities) Manufacturing overhead cost was applied to jobs, $_? J. Cost of goods manufactured for the year. $770,000 K. Sales for the year (all on account) totaled $1.200,000. Those goods cost $800,000 according to their job cost sheets n. Rental cost incurred on account, $120,000 (85% related to tactory facilities, and the remainder related to selling and administrative facilities) 1. Manufacturing overhead cost was applied to jobs, $._? J. Cost of goods manufactured for the year, $770,000 k. Sales for the year (all on account) totaled $1.200,000. These goods cost $800,000 according to their job cost sheets. The balances in the inventory accounts at the beginning of the year were: Raw Materials Work in Process Finished Goods $ 30,000 $ 21,000 $ 60,000 Required: 1. Prepare journal entries to record the preceding transactions. 2 Post your entries to T-accounts (Don't forget to enter the beginning inventory balances above.) 3. Prepare a schedule of cost of goods manufactured 4A. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold 4B. Prepare a schedule of cost of goods sold 5. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Reg Req2 Reg 3 Reg 4 Reg 48 Reg 5 Prepare journal entries to record the preceding transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req 1 Req 2 Reg 3 Req 4A Req 4B Req 5 Prepare an income statement for the year. Froya Fabrikker A/S Income Statement For the Year Ended 0 Selling and administrative expenses 0 $ 0 Req 1 Reg 2 Req3 Req 4A Req 48 Req 5 Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. (If no entry is requi transaction/event, select "No journal entry required" in the first account field.) View transaction list I Journal entry worksheet Record the entry to close any balance in the manufacturing overhead account to cost of goods sold. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Req 4A Req 4B Reg 5 Prepare a schedule of cost of goods manufactured. Froya Fabrikker A/S Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for 0 Cost of goods manufactured Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Req 3 Req 4A Reg 4B Reg 5 Post your entries to T-accounts. (Don't forget to enter the beginning inventory balances above.) Accounts Receivable Sales Beg Bal Beg. Bal End. Bal End. Bal Raw Materials Cost of Goods Sold Beg Bal Beg. Bal End. Bai End Bal Work in Process Manufacturing Overhead Beg Bal Beg Bal End Bal End Bal End. Bal Finished Goods Advertising Expense Beg Bal Beg. Bal ed End Bal End. Bal OK Accumulated Depreciation Utilities Expense Beg Bal Beg B int End Bal End Bal rences Accounts Payable Salaries Expense Beg Bal Beg Bar End Bar End. Bal Depreciation Expense Salaries & Wages Payable Beg: Bar Beg Bar End Bal End Bal Req1 Req 2 Req3 Req 4A Req 48 Reqs Prepare journal entries to record the preceding transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet The raw materials were purchased for use in production, $200,000 on account. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general journal Reg 2 >

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