what seconda Cottage Content on this Based on seded the com Chocowe Head Int. Comedy Forest uchamon.000 ACO D C med borico che b. Requisitioned direct materials and used direct labor in construction Record the materials requisitioned. Date Accounts Debit Credit b. C. The company incurred total wages of $250,000. Use the data from Item b to assign the wages. (Assume the wages have not been palu Date Accounts Debit Credit C. Read the requirements. d. Depreciation of construction equipment, $6,300 Date Accounts Debit Credit d. e. Other overhead costs incurred: Equipment rentals paid in cash, $39,000; Worker liability insurance expired, $9,000. (P Date Accounts Debit Credit e. AUD --- Choose from any list or enter any number in the input fields and then continue to the next question. f. Allocated overhead to jobs Date Accounts Debit Credit 1. g. Houses completed: 402, 404 Date Accounts Debit Credit g. ---- ANA h. House sold on account: 404 for $260,000 Begin by recording the revenue from the sale on account. Do not record the expensered to the sale in this journal entry. We will do that in the next step Date Accounts Credit h. Now record the cost of goods sold from the sale of house 404 Accounts Debit Date Credit h. Regement accounts to Win Pro Inventory and the Goodyed for you the best way to the the braces were Click to view the journalens you prepared above Finished Goods Requirement 4. Add the cost of the unted howed show on the Westwy account Cage Contuction in Recoces wyday and Cocos Total WIP Cottage Construction, Inc Reconciliation of Work in Process Inventory Subsidiary and Control Accounts Total WP Balance Unfinished houses Direct Materials Direct Labor Construction Overhead Total cost equals Ending WIP Inventory Requirement 5. Add the costs of the completed house that has not yet been sold, and show that this equals the ending balance in Finished Goods Inventory Cottage Construction Inc Reconciliation of Finished Goods Inventory Subsidiary and Control Accounts Requirement 5. Add the costs of the completed house that has not yet been sold, and show that this equals the ending balance in Finished Goods Inventory. Cottage Construction, Inc Reconciliation of Finished Goods Inventory Subsidiary and Control Accounts Completed, unsold house: Direct Materials Direct Labor Construction Overhead Total cost equals Ending Finished Goods Inventory Requirement 6. Compute gross profit on the house that was sold. What costs must gross profit cover for Cottage Construction? Cottage Construction, Inc. Gross profit on Homes Sold in August Gross profit What costs must gross profit cover for Cottage Construction? The gross profit must cover these types of costs: Dents More Info - X Requirements 1. Calculate Cottage' produd vahendition for the year 2. Prepare jumaltes to record the events in the general joumat 3. T-accounts for Work in Process inventory and Fished Goods Inventory have been opened for you. Post the appropriate tres to these accounts identifying each enly by well form the endeg account balance assuming that the beginning balance were zero 4. Add the costs of the unfinished houses and show that this total amount the ending balance the Work-in-process inventory account 5. Add the cost of the completed house that has not yet been sold and show that this equals the ending balance in Finished Goods invertory 6. Como to gross profit on the house that was told Whatcomgross pro cover for Cottage Construction a. Purchased matuon cont 3450 000 D. Rogasoned dreds and used to in construction Recorded the more Duct Matera Duct Labor House 402 $ 50.000 $ 47.000 House 100 60.000 30.000 House 404 64.000 58.000 House 405 10.000 57.000 C. The company incoal was of 250.000 Use the contemto wa Ward d. Depreciation of construction et 55,300 e. Other overhead costs incurred lopment din canh 18.00 Wory pre AB Aloed overhead to Houten op 602 604 House sold on account 404 for $250.000 Cottage Construction, Inc. is a home builder in Arizona. Cottage uses a job order costing system in which each house is a job. Because it constructs houses, the company uses an account titled Construction Overhead. The company applies overhead based on estimated direct labor costs. For the year, it estimated construction overhead of $1,300,000 and total direct labor cost of $3,250,000. The following events occurred during August (Click the icon to view the events.) Read the requirements . Requirement 1. Calculate Cottage's predetermined overhead allocation rate for the year. Predetermined overhead Estimated overhead cost Actual direct labor cost allocation rate % Requirement 2. Prepare journal entries to record the events in the general journal. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Purchased materials on account, $450,000 Date Accounts Debit Credit a. Choose from any list or enter any number in the input fields and then continue to the next question Cottage Construction, Inc. is a home builder in Arizona Cottage uses a job order costing system in which each house is a. Purchased materials on account, $450,000. Date Accounts Debit Credit a. b. Requisitioned direct materials and used direct labor in construction Record the materials requisitioned. Date Accounts Debit Credit b. c. The company incurred total wages of $250,000. Use the data from Item b to assign the wages. (Assume the wages Choose from any list or enter any number in the input fields and then continue to the next question what seconda Cottage Content on this Based on seded the com Chocowe Head Int. Comedy Forest uchamon.000 ACO D C med borico che b. Requisitioned direct materials and used direct labor in construction Record the materials requisitioned. Date Accounts Debit Credit b. C. The company incurred total wages of $250,000. Use the data from Item b to assign the wages. (Assume the wages have not been palu Date Accounts Debit Credit C. Read the requirements. d. Depreciation of construction equipment, $6,300 Date Accounts Debit Credit d. e. Other overhead costs incurred: Equipment rentals paid in cash, $39,000; Worker liability insurance expired, $9,000. (P Date Accounts Debit Credit e. AUD --- Choose from any list or enter any number in the input fields and then continue to the next question. f. Allocated overhead to jobs Date Accounts Debit Credit 1. g. Houses completed: 402, 404 Date Accounts Debit Credit g. ---- ANA h. House sold on account: 404 for $260,000 Begin by recording the revenue from the sale on account. Do not record the expensered to the sale in this journal entry. We will do that in the next step Date Accounts Credit h. Now record the cost of goods sold from the sale of house 404 Accounts Debit Date Credit h. Regement accounts to Win Pro Inventory and the Goodyed for you the best way to the the braces were Click to view the journalens you prepared above Finished Goods Requirement 4. Add the cost of the unted howed show on the Westwy account Cage Contuction in Recoces wyday and Cocos Total WIP Cottage Construction, Inc Reconciliation of Work in Process Inventory Subsidiary and Control Accounts Total WP Balance Unfinished houses Direct Materials Direct Labor Construction Overhead Total cost equals Ending WIP Inventory Requirement 5. Add the costs of the completed house that has not yet been sold, and show that this equals the ending balance in Finished Goods Inventory Cottage Construction Inc Reconciliation of Finished Goods Inventory Subsidiary and Control Accounts Requirement 5. Add the costs of the completed house that has not yet been sold, and show that this equals the ending balance in Finished Goods Inventory. Cottage Construction, Inc Reconciliation of Finished Goods Inventory Subsidiary and Control Accounts Completed, unsold house: Direct Materials Direct Labor Construction Overhead Total cost equals Ending Finished Goods Inventory Requirement 6. Compute gross profit on the house that was sold. What costs must gross profit cover for Cottage Construction? Cottage Construction, Inc. Gross profit on Homes Sold in August Gross profit What costs must gross profit cover for Cottage Construction? The gross profit must cover these types of costs: Dents More Info - X Requirements 1. Calculate Cottage' produd vahendition for the year 2. Prepare jumaltes to record the events in the general joumat 3. T-accounts for Work in Process inventory and Fished Goods Inventory have been opened for you. Post the appropriate tres to these accounts identifying each enly by well form the endeg account balance assuming that the beginning balance were zero 4. Add the costs of the unfinished houses and show that this total amount the ending balance the Work-in-process inventory account 5. Add the cost of the completed house that has not yet been sold and show that this equals the ending balance in Finished Goods invertory 6. Como to gross profit on the house that was told Whatcomgross pro cover for Cottage Construction a. Purchased matuon cont 3450 000 D. Rogasoned dreds and used to in construction Recorded the more Duct Matera Duct Labor House 402 $ 50.000 $ 47.000 House 100 60.000 30.000 House 404 64.000 58.000 House 405 10.000 57.000 C. The company incoal was of 250.000 Use the contemto wa Ward d. Depreciation of construction et 55,300 e. Other overhead costs incurred lopment din canh 18.00 Wory pre AB Aloed overhead to Houten op 602 604 House sold on account 404 for $250.000 Cottage Construction, Inc. is a home builder in Arizona. Cottage uses a job order costing system in which each house is a job. Because it constructs houses, the company uses an account titled Construction Overhead. The company applies overhead based on estimated direct labor costs. For the year, it estimated construction overhead of $1,300,000 and total direct labor cost of $3,250,000. The following events occurred during August (Click the icon to view the events.) Read the requirements . Requirement 1. Calculate Cottage's predetermined overhead allocation rate for the year. Predetermined overhead Estimated overhead cost Actual direct labor cost allocation rate % Requirement 2. Prepare journal entries to record the events in the general journal. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Purchased materials on account, $450,000 Date Accounts Debit Credit a. Choose from any list or enter any number in the input fields and then continue to the next question Cottage Construction, Inc. is a home builder in Arizona Cottage uses a job order costing system in which each house is a. Purchased materials on account, $450,000. Date Accounts Debit Credit a. b. Requisitioned direct materials and used direct labor in construction Record the materials requisitioned. Date Accounts Debit Credit b. c. The company incurred total wages of $250,000. Use the data from Item b to assign the wages. (Assume the wages Choose from any list or enter any number in the input fields and then continue to the next