help with wrong answers please Direct materials used Direct labor used Predetermined overhead rate (based on...
pendix D & Chapters 1-3 Saved Help Re-Tire produces bagged mulch made from recycled tires. Production involves shredding tires and packaging the pieces for sale in the bagging department. All direct materials enter in the first process. The following describes production operations for October Direct materials used Direct labor used 25+ in Shredding; 754 in Bagging. Predetermined overhead rate based on direct labor) Transferred to Bagging Transferred to finished goods $238,000 $145,000 1650 $201.000 $599,000 2013 The company's revenue for...
Materials are added at the beginning of the process. Direct labor and overhead are incurred evenly throughout the process. (1) Calculate equivalent units of production (4 marks); (2) Calculate cost per EUP; (round to two decimals) (4 marks) (3) What is the cost of all units that were completed and transferred to finished goods in October? And what is the total cost of ending goods in process? (Round to whole dollar amount) (4 marks) October 1, Inventory (25% complete for...
Widmer Watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's production activities during May 2017 follows. a. Purchased raw materials on credit, $200,000. b. Materials requisitions record use of the following materials for the month $ 48,000 32.000 19,209 22.400 Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used 128,000 19.500 $147.500 nces c. Paid $15,000 cash to a computer consultant to reprogram...
Widmer Watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor Information on the company's production activities during May 2017 follows. a. Purchased raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 49,500 33,5ee 20,000 23,eee 7,000 133, eee 21,000 $154, eee c. Paid $15,500 cash to a computer consultant...
Widmer Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during May follows. a. Purchased raw materials on credit, $200,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 49,500 32,500 19,600 23,000 6.300 131,400 21,500 $152,900 c. Paid $15.500 cash to a computer consultant to reprogram factory equipment. d. Time tickets...
Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: indirect materials, $60,000; indirect labor, $28,000; factory rent, $34.000; factory utilities, $19,000; and factory equipment depreciation, $60,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow. a. Materials purchases (on...
Widmer Watercraft’s predetermined overhead rate for year 2015 is 200% of direct labor. Information on the company’s production activities during May 2015 follows. a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month. Job 136 $ 48,500 Job 137 34,000 Job 138 19,400 Job 139 23,400 Job 140 7,200 Total direct materials 132,500 Indirect materials 21,000 Total materials used $ 153,500 c. Paid $15,500 cash to a...
Cost of direct materials used in production Direct labor Work in process inventory, October 1 Work in process inventory, October 31 Total factory overhead $1,323,600 1,680,000 455,300 378,100 3,544,200 Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Fuller Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended October 31 Work in process inventory, October 1 Manufacturing costs incurred during October: Cost of direct materials used in production Direct labor Factory overhead Total...
Widmer Watercraft's predetermined overhead rate is 200 % of direct labor. Information on the company's production activities during May follows. a. Purchased raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month. 48,500 34,000 Job 136 Job 137 Job 138 Job 139 19,600 22,800 6,600 131,500 19,500 Job 140 Total direct materials Indirect materials $151,000 Total materials used c. Paid $16,000 cash to a computer consultant to reprogram factory equipment d. Time tickets...
3 & 4 only please. Starr Mig's predetermined overhead rate is 200% of direct labor. Information on the company's produc- tion activities during September 2017 follows. a. Purchased raw materials on credit, $125,000. b. Materials requisitions record use of the following materials for the month. Problem 2-3B Source documents, jour entries, and accounts in order costing P1 P2 P3 Job 487... $30,000 20,000 12,000 14,000 4,000 80,000 12.000 $92,000 Job 490. Job 491... Indirect materials Total materials used c. Paid...