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The question is already the full version. If you consider any of the question is incomplete, then pls skip that one. The company of Road
The question is already the full version. If you consider any of the question is incomplete, then pls skip that one.
The company of Road Warriors customizes any vehicle by adding speakers, amplifiers, video systems, alarms, and reinforced exteriors. Road Warriors purchased $2,750 of materials on credit on March 4, 2019. The estimated overhead costs are 160% of actual direct labor when each job is complete; the supervisor enters the date of completion, records any remarks, and signs the sheet. The following information reflects Road Warriors' job order production activities for March. Job B15 Job B16 Job B17 500 Job B18 150 600 300 DM IDM Job B19 250 550 600 1100 5270 DL 1000 800 1100 700 IDL OOH Finished goods Sold Y Y Y Y Y 1. Determine the total cost for each part a through e. beginning: a. The inventory of jobs in process. b. Materials (direct and indirect) used c. Labor (direct and indirect) used d. Factory overhead incurred and applied and the amount of any over- or underapplied overhead e. The total cost of each job as of Mar , the Mar I inventories of both work in process and finished goods, and the cost of goods sold during Mar 2. Prepare summarized journal entries for the month to record each part a through f. a. Materials purchases (on credit), direct materials used in production, direct labor used in production, and overhead applied b. Actual overhead costs, including indirect materials, indirect labor, and other overhead costs. c. Transfer of each completed job to the Finished Goods Inventory account. d. Cost of goods sold. e. The sale (on account) of Job B15 and B16 are 7200 total. f. Removal of any underapplied or overapplied overhead from the Factory Overhead account. (Assume the amount is not material.) 3. Prepare a schedule of cost of goods manufactured for Mar The company of Road Warriors customizes any vehicle by adding speakers, amplifiers, video systems, alarms, and reinforced exteriors. Road Warriors purchased $2,750 of materials on credit on March 4, 2019. The estimated overhead costs are 160% of actual direct labor when each job is complete; the supervisor enters the date of completion, records any remarks, and signs the sheet. The following information reflects Road Warriors' job order production activities for March. Job B15 Job B16 Job B17 500 Job B18 150 600 300 DM IDM Job B19 250 550 600 1100 5270 DL 1000 800 1100 700 IDL OOH Finished goods Sold Y Y Y Y Y 1. Determine the total cost for each part a through e. beginning: a. The inventory of jobs in process. b. Materials (direct and indirect) used c. Labor (direct and indirect) used d. Factory overhead incurred and applied and the amount of any over- or underapplied overhead e. The total cost of each job as of Mar , the Mar I inventories of both work in process and finished goods, and the cost of goods sold during Mar 2. Prepare summarized journal entries for the month to record each part a through f. a. Materials purchases (on credit), direct materials used in production, direct labor used in production, and overhead applied b. Actual overhead costs, including indirect materials, indirect labor, and other overhead costs. c. Transfer of each completed job to the Finished Goods Inventory account. d. Cost of goods sold. e. The sale (on account) of Job B15 and B16 are 7200 total. f. Removal of any underapplied or overapplied overhead from the Factory Overhead account. (Assume the amount is not material.) 3. Prepare a schedule of cost of goods manufactured for MarStep by Step Solution
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