U Calculate the UMR probat last year BIO Company PS 14.00 U VILLIS 3 Dingdong Inc. is a job-order costing firm that uses a plantwide overhead rate based on direct labor hours. Estimated information for the year is as follows: Overhead $760,000.00 Direct Labor Hours 100,000.00 Dingdong worked on five jobs in September. Data are as follows: Job 001 Job 002 Job 003 Job 004 Job 005 Balance, September 1 $12,000.00 $55,000.00 $23,000.00 $0.00 $0.00 Direct Materials $13,000.00 $26,000.00 $23,019.00 $23,761.00 $21,921.00 Direct Labor cost $31,000.00 $23,700.00 $21,900.00 $16,900.00 $18,000.00 Direct Labor hours 2000 4500 2700 4000 1300 Additional Information: By 30 Sept 2020, Jobs 001 and 003 are done, the remaining jobs were in process By the end of the month, the actual data Ding Dong Inc. are; Overhead Cost $140.000.00 Overhead Cost for Job 001 $16.000 Used for Lease Payable $7.000.00 - Used for Utilities Payable $2,500.00 Used for Accumulated Depreciation $4.000.00 Used for Wages Payable $2.500.00 I A Calculate the plantwide overhead rate B. Prepare job order cost sheet for each job showing all cost through Sept 30 C. Calculate the balance in WIP on Sept 30 D. Calculate the COGS for Sept 30 E. Calculate the overhead variance for the month September, determine if it is underapplied or overapplied F. Make the journal entries for Job 001 - Assuming the all the raw materials purchased on account and used for production DingDong Inc. sold the job at cost plus 50% mark up on account Requirements Journal entries purchasing raw materials requisitioned materials for production, recognized direct labor costing, applied overhead to the production incurred actual overhead cost transferring the Job 001 into finished goods sold the equipment, closing entries to closed the underapplied overapplied overhead PT Scanlon has the following informations on May 2020 U Calculate the UMR probat last year BIO Company PS 14.00 U VILLIS 3 Dingdong Inc. is a job-order costing firm that uses a plantwide overhead rate based on direct labor hours. Estimated information for the year is as follows: Overhead $760,000.00 Direct Labor Hours 100,000.00 Dingdong worked on five jobs in September. Data are as follows: Job 001 Job 002 Job 003 Job 004 Job 005 Balance, September 1 $12,000.00 $55,000.00 $23,000.00 $0.00 $0.00 Direct Materials $13,000.00 $26,000.00 $23,019.00 $23,761.00 $21,921.00 Direct Labor cost $31,000.00 $23,700.00 $21,900.00 $16,900.00 $18,000.00 Direct Labor hours 2000 4500 2700 4000 1300 Additional Information: By 30 Sept 2020, Jobs 001 and 003 are done, the remaining jobs were in process By the end of the month, the actual data Ding Dong Inc. are; Overhead Cost $140.000.00 Overhead Cost for Job 001 $16.000 Used for Lease Payable $7.000.00 - Used for Utilities Payable $2,500.00 Used for Accumulated Depreciation $4.000.00 Used for Wages Payable $2.500.00 I A Calculate the plantwide overhead rate B. Prepare job order cost sheet for each job showing all cost through Sept 30 C. Calculate the balance in WIP on Sept 30 D. Calculate the COGS for Sept 30 E. Calculate the overhead variance for the month September, determine if it is underapplied or overapplied F. Make the journal entries for Job 001 - Assuming the all the raw materials purchased on account and used for production DingDong Inc. sold the job at cost plus 50% mark up on account Requirements Journal entries purchasing raw materials requisitioned materials for production, recognized direct labor costing, applied overhead to the production incurred actual overhead cost transferring the Job 001 into finished goods sold the equipment, closing entries to closed the underapplied overapplied overhead PT Scanlon has the following informations on May 2020
