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P2-1B Pedriani companies use a system of expenses to work and apply the fee to produc- on the basis of direct labor hours. On January 1, 2014, the work number 25 is the only job in the process. The costs incurred before 1 January this work is as follows: direct-$ 10.000 terials; direct labour $ 6.000; and produced on 9000 $. Job number 23 was be completed at a cost of $ 42.000 and is part of the fi nished goods inventory. There is a the balance of $ 5000 in the raw material inventory account. In January, the company started production on 26 and 27 Jobs, and complete Jobs 25 and 26. Jobs 23 and 25 have been sold on account in March for $ 63.000 and $ 74.000, respectively. The following additional events occurred in the month. 1. Buy a $ 45,000 supplement materials into account. 2. labor costs incurred of $ 33,500 factory. Of this, $ 7,500 relates to employers wage tax. 3. Costs of production on the following: indirect materials $ 10.000; indirectly labour $ 9.500; the cost of equipment depreciation $ 12.000; and various other manufac- Turing costs on the account $ 11,000. 4. documents are delivered directly and direct labor to work as follows. (c) $ 14,950 (f) $ 54,150 (i) $ 55.150 prepare items according to a job order cost system and the cost of the work sheet. (LO 2, 3, 4, 5, 6), AP Job number 25 26 27 direct materials $ 5,000 17,000 direct labour $ 3,000 13,000 12,000 9000 5. The company uses direct labor hours as a base of operations on the assignment. Direct labour hours incurred on each specific work as follows: Job number 25, 200; Job number 26, 800; and the profession of 27, 600. Instructions (a) Computer speed on not preordained for 2014, assuming the Com-pany Pedriani estimated the total cost of production of $ 440,000, direct labor cost of $ 300.000, and direct labor hours for 20,000 years. (b) cost of work sheets for open Jobs 25, 26, and 27. Enter the balance on February 1 a job cost sheet for work no. 25. (c) prepare the pen to record the purchase of raw materials, the factory labor costs incurred, and the costs of the manufacturing overhead incurred in January. (d) prepare the pen to record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In the production overhead costs, use the rate calculated under (a). Send all the costs to the cost of the job when necessary. (e) total cost of work sheets for any job (s) completed in May. Prepare the jour-nal entry (or entries) to record the completion of any task (s) in the month. (f) prepare the journal entry (or entries) to record the sale of any work (s) in the month. (g) the balance in the account of work in process inventory at the end of the month? What does this balance includes? (h) the amount of excessive fees or what is underapplied?
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