No. | Particular | Debit | Credit |
1 | Material control A/c dr | $150 | |
To account payable control | $150 | ||
(to record material purchase on credit ) | |||
2 | WIP CONTROL a/c dr | $145 | |
To material control a/c | $145 | ||
(record direct material used) | |||
3 | production department overhead control a/c dr | $10 | |
To material control a/c | $10 | ||
(record indorect materila used ) | |||
4 | WIP control a/c dr | $90 | |
To wages payable control a/c | $90 | ||
( record direct labour) | |||
5 | production department overhead control a/c dr | $30 | |
To wages payable control a/c | $30 | ||
(record indirect labour) | |||
6 | production department overhead control a/c | $ 19 | |
To accumulated depreciation | $ 19 | ||
(to record depreciation) | |||
7 | production department overhead control a/c | $ 9 | |
to various liability | $9 | ||
( record various liabilities) | |||
8 | WIP control a/c dr | $ 63 | |
To manufacturing overhead allocated ( 21 machine-hours x $30 per machine-hour) |
$ 63 | ||
(record manufcturing overhead allocated ) | |||
9 | Finished goods control a/c | $294 | |
To Wip control a/c | $294 | ||
(record complition of job) | |||
10 | cost of goods sold | $292 | |
To finished goods control a/c | $292 | ||
(record total cost ) | |||
11 | account receivable control (or cash )a/c dr | $ 400 | |
To revenue | $ 400 | ||
(record sale ) | |||
12 | Mnaufacturing overhead allocated a/c dr | $ 63 | |
cost of goods sold a/c dr | $ 5 | ||
To production department overhead control a/c | $ 68 | ||
(record production overhead applied) | |||
4-26 Job costing, journal entries. Donnell Transport assembles prestige manufactured homes. Its job costing system has...
Dole Transport assembles prestige manufactured homes. Its job costing system has two direct cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted 521 per machine hour in 2017). The following data (in millions) show operation costs for 2017: (Click the icon to view the operations data (in milions) Read the requirements Requirement 1. Identify the components of the overview diagram of Dole Transport's job-costing syster. А } B } D 1...
Dole Transport assembles prestige manufactured homes. Its job costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted $21 per machine-hour in 2017). The following data (in millions) show operation costs for 2017: (Click the icon to view the operations data (in millions). Read the requirements Requirement 1. Identify the components of the overview diagram of Dole Transport's job-costing system. } A B A B с С D...
Can you please write T-account and show me step-by-step?. Thank
you
Job costing, journal entries. Donald Transport assembles
prestige manufactured homes. Its job-costing system has two
direct-cost categories (direct materials and direct manufacturing
labor) and one indirect-cost pool (manufacturing overhead allocated
at a budgeted $31 per machine-hour in 2017). The following data (in
millions) show operation costs for 2017:
Materials Control, beginning balance, January 1, 2017
$ 18
Work-in-Process Control, beginning balance, January 1,
2017
9
Finished Goods Control, beginning...
2. Post the journal entries to T-accounts for all of the inventories, Cost of Goods Sold, the Maruta cu would be used to authorized as backup for the entry. Overhead Control Account, and the Manufacturing Overhead Allocated 4-31 Job costing, journal entries. Donald Transport assembles prestige manufactured homes. Its job. indirect-cost pool (manufacturing overhead allocated at a budgeted $31 per machine-hour in 2017). The following data (in millions) show operation costs for 2017: Materials Control, beginning balance, January 1, 2017...
4-29 Job costing, journal entries. The University of Chicago Press is wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press were an outside business enterprise. The press also publishes and maintains a stock of books for general sale. The press uses normal costing to cost each job. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead, allocated...
Prepare journal entries to summarize 2017 transactions: as your final entry, dispose of the year end under- or overallocatwd manufacturing overhead as a write-off to the Cost of Goods Sold account. Assume COGS given $4,020 does not include the write off of over allocated manufacturing overhead. SRS COST DATA Direct materials and supplies purchased on credit: $800 Direct materials used: $710 Indirect materials issued to various production departments: $100 Direct manufacturing labor: $1,300 Indirect manufacturing labor incurred by various production...
Prepare journal entries to summarize 2017 transactions: as
your final entry, dispose of the year-end under- or overallocatwd
manufacturing overhead as a write-off to the Cost of Goods Sold
account. Assume COGS given $4,020 does not include the write off of
over allocated manufacturing overhead.
SRS COST DATA Direct materials and supplies purchased on credit: $800 Direct materials used: $710 Indirect materials issued to various production departments: $100 Direct manufacturing labor: $1.300 Indirect manufacturing labor incurred by various production departments:...
Prepare journal entries to summarize the 2017 transactions. As your final entry, dispose of the year-end under- or overallocated manufacturing overhead as a write-off to the Cost of Goods Sold (COGS) account. Assume COGS given of $4,020 does not include the write off of overallocated manufacturing overhead. There should be 11 transactions. The following data (in thousands) pertain to 2017: Direct materials and supplies purchased on credit: $800 Direct materials used: $710 Indirect materials issued to various...
Show posted T-Accounts for all inventories, Cost of Goods Sold, Manufacturing overhead control, and manufacturing overhead allocated. SRS COST DATA Direct materials and supplies purchased on credit: $800 Direct materials used: $710 Indirect materials issued to various production departments: $100 Direct manufacturing labor: S1,300 Indirect manufacturing labor incurred by various production departments: $900 Depreciation on building and manufacturing equipment: $400 Miscellaneous manufacturing overhead incurred by various production departments: $550 o (Ordinarily, this would be detailed as repairs, photocopying, utilities, etc.)...
Show posted T-Accounts for all inventories, Cost of Goods
Sold, Manufacturing overhead control, and manufacturing overhead
allocated.
SRS COST DATA Direct materials and supplies purchased on credit: $800 Direct materials used: $710 Indirect materials issued to various production departments: $100 Direct manufacturing labor: $1.300 Indirect manufacturing labor incurred by various production departments: S900 Depreciation on building and manufacturing equipment: $400 Miscellaneous manufacturing overhead incurred by various production departments: $550 o (Ordinarily, this would be detailed as repairs, photocopying, utilities, etc.)...