Question

Weber Company purchases $50,100 of raw materials on account, and it incurs $61,000 of factory labor costs. Supporting records show that (a) the Assembly Department used $24,100 of raw materials and $36,000 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.

Journalize the assignment of overhead to the Assembly and Finishing Departments.

Date Account Titles Debit Credit Mar.31

2) Goode Company has the following production data for selected months.

3) Production costs chargeable to the Finishing Department in June in Hollins Company are materials $13,700, labor $33,800, and overhead $18,700. Equivalent units of production are materials 20,400 and conversion costs 19,200. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places,)

Material Cost Per Unit: $___________

Conversion Cost Per Unit: $___________

4)

Answer 1

Solution for Problem 1 –

Date	General Journal	Debit	Credit
Mar.31	Work In Process Inventory - Assembly Department	$57,600
	Work In Process Inventory - Finishing Department	$40,000
	Manufacturing Overheads / Manufacturing Overheads Applied		$97,600
	(To apply manufacturing overheads)
	Working Notes:
	Direct labor cost used in Assembly Department	$36,000
	x Overhead Rate of Direct labor cost	160%
	Applied Overheads to Assembly Dept.	$57,600
	Direct labor cost used in Finishing Department ($61,000 - 36,000)	$25,000
	x Overhead Rate of Direct labor cost	160%
	Applied Overheads to Finishing Dept.	$40,000

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