Homework Answers
Question 4
Answer-----------Indirect labor and Indirect material
The selected answer is already correct.
Direct material and direly labor are direct manufacturing expense no overheads.
Question 5
Answer-----------$2.00
Total cost / Units = Cost per unit
$20000/10000=$2.00 per unit
Question 6
Answer-----------
| 1 | Work in process | $ 10,000.00 | |
| Raw material | $ 10,000.00 | ||
| 2 | Work in process | $ 20,000.00 | |
| Factory Payroll | $ 20,000.00 | ||
| 3 | Work in process | $ 5,000.00 | |
| Manufacturing overhead | $ 5,000.00 | ||
| 4 | Finished goods | $ 35,000.00 | |
| Manufacturing overhead | $ 35,000.00 | ||
| 5 | Cost of goods sold | $ 35,000.00 | |
| Finished goods inventory | $ 35,000.00 |
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QUESTION 4 Check TWO things that are part of manufacturing overhead Indirect labor O Direct labor...
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First I used $10,000 in direct materials making my product. Then I used $20,000 in direct labor. Last I used $5000 in manufactuing overhead. Then I sold my product. Put the journal entries in order. Cost of goods sold 35000 Finished Goods Inventory 35000 Work in process Inventory 10000 Raw Materials 10000 Work in process Inventory 5000 Manufacturing overhead 5000 Finished Goods Inventory 35000 Work in Process Inventory 35000
QUESTION 1 Find the best answer. You can use each answer more than once Houses M...
QUESTION 1 Find the best answer. You can use each answer more than once Houses M & Ms Movies staples - business cards paper letterhead homogeneous product Direct Labor Manufacturing Overhead A Job Order Costing B. equivalent units C. conversion cost D. Process Costing equal number of units QUESTION 2 On a piece of paper make a statement of Cost of Goods Manufactured and find TWO correct answers. Direct materials $30,000. Direct Labor $15,000. Manufacturing Overhead 5000 Beginning work in...
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Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
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Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $77,900 $45,300 $80,300 $98,800 $276,900 $149,000 $19,600 $35,300 $25,700 115% The journal entry to record actual manufacturing overhead costs includes a O A. debit...
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