Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

- X More Info ing account, $400,000 Purchased materials on a. b. Incurred total manufacturing wages of $112,000, which included both direct labor and de

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
- X More Info ing account, $400,000 Purchased materials on a. b. Incurred total manufacturing wages of $112,000, which included both direct labor and de indirect labor. Used direct labor in manufacturing as follows: Direct Labor Chalet 13 14,700 Chalet 14 28,000 Chalet 15 S 19,800 Chalet 16 21,800 Requisitioned direct materials in manufacturing as follows: C. Direct Materials Chalet 13 41,000 ed b Chalet 14 56,900 Chalet 15 $ 62,600 Chalet 16 $ 66,400 d. Depreciation of manufacturing equipment used on different chalets, $6,600. Other overhead costs incurred on Chalets 13-16 e. Equipment rentals paid in cash 10,200 Prepaid plant insurance expired S 3,000 Allocated overhead to jobs at the predetermined rate of 60 % of direct labor cost f. Chalets completed: 13, 15, and 16. Chalate nald anaaaunt1ne enn.nnn d4ea.e49 00n and Print Done MacBook Afr i More Info ruromauumaoIarr oTuuoumyYUvjuuv Incurred total manufacturing wages of $112,000, which included both direct labor and b. indirect labor. Used direct labor in manufacturing as follows: Direct Labor $ 14,700 Chalet 13 28,000 Chalet 14 Chalet 15 19,800 Chalet 16 21,800 Requisitioned direct materials in manufacturing as follows: C. Direct Materials Chalet 13 41,000 Chalet 14 56,900 Chalet 15 62,600 Chalet 16 66,400 d. Depreciation of manufacturing equipment used on different chalets, $6,600. Other overhead costs incurred on Chalets 13-16: e. Equipment rentals paid in cash 10,200 Prepaid plant insurance expired 3,000 Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost f. Chalets completed: 13, 15, and 16. g. h. Chalets sold on account: 13 for $99,000 and 16 for $143,000. Print Done P3-55B (similar to) Sunset Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in which each chalet is a job. The flowing events ocoumred during May Cick the icon to view the events.) Read the reguirements Requirement 1. Record the events in the general joumal. (Record debits first, then credits. Exclude axpla tions from any joumal entries.) Start with the entry from event (a). Purchased materials on acoount, $400,000. Jounal Entry Date Accounts Debit Credit Raw Malerials Inventory 400,000 Accounts Payable 400,000 ) Inourred total manufacturing wages of $112,000, which included both direct labor and indirect labor Journal Entry Dater Accounts Debit Credit b Manufacturing Overhead 27,700 Work in Process Inventory 84300 112,000 Wages Payable (c) Requisitioned direct materials in manufacturing Choose from any list or enter any number in the input fields and then click Check Answer Che Clear All 11 parts remaining MacBook Air 44 po F3 esc 8 of 8 (7 complete) P3-55B (similar to Sunset Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in whic Click the icon to view the events.) Read the requirements Accounts Payable 400,000 (b) Incurred total manufacturing wages of $112,000, which included both direct labor and indirect labor. Journal Entry Date Accounts Debit Credit b. Manufacturing Overhead 27,700 Work in Process Inventory 84,300 Wages Payable 112,000 (c) Requisitioned direct materials in manufacturing. Journal Entry Date Accounts Debit Credit C. Choose from any list or enter any number in the input fields and then click Check Answer. Clear All

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Audits For Continuous Business Improvement

Authors: Parbatee Chang

2nd Edition

1507679483, 978-1507679487

More Books

Students also viewed these Accounting questions