Trial Balance November 30, 2018 Account Title Debit Credit Cash 20,000 Accounts Receivable 1,000 Supplies 200 Materials 5,000 Work in Process 5,404 12,000 Equipment Accumulated Depreciation-Equipment Accounts Payable 825 150 Common Stock 10,000 Retained Earnings 12,000 Dividends 18,096 Sales 307,500 Cost of Goods Sold 255,040 Factory Overhead 15 Wages Expense 13,750 330,490 330,490 Predetermined Factory Overhead Rate Predetermined Factory Overhead Rate Since the company is more reliant on labor than machines, Maria decides to use direct labor hours (DLH) as the activity base for her predetermined factory overhead rate, rather than machine hours (MH). Estimated Selected Amounts for the Year Estimated depreciation on equipment $1,200 Estimated total Office Manager/Knitting Supervisor wages $30,000 Estimated office utilities $6,000 Estimated factory utilities $4,800 Estimated factory rent $24,000 Activity Base Data Estimated number of DLH for the year 6,250 Estimated number of MH for the year 4,375 Compute the predetermined factory overhead rate for the current year, $2,20 per DLH Materials Requisition Date: Dec. 10 Req. No. 12255 Job No. 83 Description Qty. Issued Unit Price Amount Yarn type B 600 skeins $5 $3,000 Total issued $3,000 Time Ticket No. 1255 Name: Susan Blake Work Description: Knitting/piecing Dates Job No. Hours Worked Unit Price Amount 12/01-12/15 62 65 $20 $1,300 12/16-12/31 83 103 20 2,060 Total Cost $3,360 Time Ticket No. 2274 Name: Josh Porter Work Description: Knitting/piecing Dates Job No. Hours Worked Unit Price Amount 12/01-12/15 62 75 $20 $1,500 12/16-12/31 83 88 20 1,760 Total Cost $3,260 Time Ticket No. 3923 Name: Mary Jones Work Description: Knitting/piecing Dates Job No. Hours Worked Unit Price Amount 12/01-12/15 62 60 $20 $1,200 12/16-12/31 83 109 20 2,180 Total Cost $3,380 Job 62 100 units: Direct Materials Sweaters Direct Labor Factory Overhead Total $5,000 $300 $104 $5,404 Balance Dec. 1 Dec. 15 0 4,000 1,536 x 5,536 x Total Cost 5,000 4,300 1,640 X 10,940 X Unit Cost 109.40 x Job 83 200 units: Sweater vests Direct Labor Direct Materials Factory Overhead Total Job Cost $0 $0 $0 $0 Balance Dec. 1 Dec. 10 3,000 0 0 3,000 Dec. 31 0 6,000 2,304 x 8,304 x Total Cost 3,000 6,000 si 2,304 x 11,304 x Journal On December 10, POGP Company receives an order for 200 sweater vests and assigns Job 83 to the order. Review the Materials Requisition table to journalize the entry to record the addition of the materials to Work in Process. If an amount box does not require an entry leave it blank Dec 10 88 Feedback Check My Work Think about the now of couts incurred to do a job and the accounts affected by sales to customers On December 15, review the Time Ticket tables to journalize the entry to record the addition of direct labor to Work in Process for the period December 1 through December 15. If an amount box does not require an entry, leave it blank Dec 15 Feedback Cho My Work Incorrect On December 15, review the Time Ticket tables to journalize the entry to record the addition of factory overhead to Work in Process for the period December 1 through December 15. If an amount box does not require an entry, leave it blank, Dec. 15 Feedback Check My Work Incorrect On December 21, 306 62 is completed. Review the Job Cost Sheets and your journal entries. Journalize the entry to move the associated costs to the finished goods account. If an amount box does not require an entry, leave it blank. Dec. 21
