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Show journal entries & present your calculations of the predetermined FOH a) Purchased $55,000 of DM b) The month's requisition of $7000 indirect and $18,000

Show journal entries & present your calculations of the predetermined FOH\ a) Purchased

$55,000

of DM\ b) The month's requisition of

$7000

indirect and

$18,000

of DM's\ c) The month's use of

$37,000

of DL along with

$1500

of indirect labor\ d) Record FOH incurred during processing based on predetermined rate\ e) Recognition of

$22,000

of product completely produced and packaged (FG)\ f) Record entries associated with selling

$16,000

of products to customers with a cost value of

$9000

\ g) Record entry to account for under or over applied FOH. Actual MOH

$9200

.\ Note:

DL

is paid

$37

per hour.\ Budgeted (expected) 1100 Direct Labor Hours each month\ Budgeted (expected)

$11,000

of total FOH each month

image text in transcribed
4) Show journal entries \& present your calculations of the predetermined FOH a) Purchased $55,000 of DM b) The month's requisition of $7000 indirect and $18,000 of DM's c) The month's use of $37,000 of DL along with $1500 of indirect labor d) Record FOH incurred during processing based on predetermined rate e) Recognition of $22,000 of product completely produced and packaged (FG) f) Record entries associated with selling $16,000 of products to customers with a cost value of $9000 g) Record entry to account for under or over applied FOH. Actual MOH $9200. Note: DL is paid $37 per hour. Budgeted (expected) 1100 Direct Labor Hours each month Budgeted (expected) $11,000 of total FOH each month

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