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solve B,c, d 9 0 Job 2 13 14 45 46 47 48 49 50 SI 52 53 B. Record journal entries given the following
solve B,c,d
9 0 Job 2 13 14 45 46 47 48 49 50 SI 52 53 B. Record journal entries given the following information for August. Material Requisitions Time Tickets Mercedes $1,200 $900 Corvette $900 $1,500 Murcielago $3,000 $2,400 Land Rover $2,100 $1,200 $7,200 $6,000 General use * $300 $600 $7,500 $6,600 *Idle time, cleaning & maintenance, indirect materials, etc.) Account Dr. Cr. Date 31-Aug X X X X X X (Raw materials issued into production 31-Aug 58 59 60 X X XX XX 61 (Assign labor costs) 62 63 C. Estimated manufacturing overhead for the year was $75000. Overhead is applied based on direct labor dollars (estimated at $60000 for the year). Use this information to calculate predetermined overhead rate and apply manufacturing overhead. 31-Aug X X XX (Apply overhead using PDO) 65 66 67 68 855822 70 72 73 74 75 76 77 78 79 D. Calculate the cost of each job by completing the following table. (Go up to the very top box for Beg. Wip. The rest can be found in the above entries.) Mercedes Corvette Murcielago Land Rover Beg. WIP Direct Materials X Direct Labor X Man. Overhead Total Cost 9 0 Job 2 13 14 45 46 47 48 49 50 SI 52 53 B. Record journal entries given the following information for August. Material Requisitions Time Tickets Mercedes $1,200 $900 Corvette $900 $1,500 Murcielago $3,000 $2,400 Land Rover $2,100 $1,200 $7,200 $6,000 General use * $300 $600 $7,500 $6,600 *Idle time, cleaning & maintenance, indirect materials, etc.) Account Dr. Cr. Date 31-Aug X X X X X X (Raw materials issued into production 31-Aug 58 59 60 X X XX XX 61 (Assign labor costs) 62 63 C. Estimated manufacturing overhead for the year was $75000. Overhead is applied based on direct labor dollars (estimated at $60000 for the year). Use this information to calculate predetermined overhead rate and apply manufacturing overhead. 31-Aug X X XX (Apply overhead using PDO) 65 66 67 68 855822 70 72 73 74 75 76 77 78 79 D. Calculate the cost of each job by completing the following table. (Go up to the very top box for Beg. Wip. The rest can be found in the above entries.) Mercedes Corvette Murcielago Land Rover Beg. WIP Direct Materials X Direct Labor X Man. Overhead Total CostStep by Step Solution
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