b.
Materials Inventory | Work in Process Inventory | |||||||
Beg. Bal. | 32490 | Beg. Bal. | 8500 | |||||
1 | 25500 | 1750 | 2 | 5 | 15500 | 50020 | Finished Goods | |
3 | 13100 | 15500 | 5 | 6 | 29500 | |||
8 | 38350 | |||||||
End. Bal. | 53840 | |||||||
End. Bal. | 41830 | |||||||
Manufacturing Overhead Control | Applied Manufacturing Overhead | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
2 | 1750 | 38350 | 8 | |||||
7 | 23100 | |||||||
9 | 11900 | End. Bal. | 38350 | |||||
End. Bal. | 36750 | |||||||
Accounts Payable | Cash | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
4 | 25500 | 25500 | 1 | 25500 | 4 | |||
13100 | 3 | 23100 | 7 | |||||
End. Bal. | 13100 | End. Bal. | 48600 | |||||
Wages Payable | Accumulated Depreciation-PPE | |||||||
Beg. Bal. | 0 | Beg. Bal. | 0 | |||||
29500 | 6 | 11900 | 9 | |||||
End. Bal. | 29500 | End. Bal. | 11900 | |||||
Finished Goods Inventory | Cost of Goods Sold | |||||||
Beg. Bal. | 35100 | Beg. Bal. | 0 | |||||
Goods completed | 50020 | 55530 | Transfer to Cost of Goods Sold | Finished Goods Inventory | 55530 | |||
End. Bal. | 29590 | End. Bal. | 55530 |
Per Chegg guidelines the first question has been answered. Please post the remaining independent question separately. Thank You.
i completed the part a and all entries were correct i just now need part b...
Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours 150,000 180,000 210,000 Variable overhead costs $ 1,200,000 $ 1,440,000 $ 1,680,000 Fixed overhead costs 594,000 594,000 594,000 Total overhead $ 1,794,000 $ 2,034,000 $ 2,274,000 The expected volume is 180,000 direct...
The expected volume is 180,000 direct labor-hours for the entire year. The following informa a predetermined overhead rate based on direct labor-hours to apply overhead to individual you Kansas Company uses a job costing accounting system for its production costs. The company for Required Complete the T-accounts. of a -3) follows. Direct labor-hours Variable overhead costs. Fixed overhead costs Total overhead 150,000 $1,050,000 648,000 $1,698.000 180,000 $1,260,000 648,000 $1,908,000 210,000 $1,470,000 648,000 $2,118,000 tion is for March, when Jobs 6023...
Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours 150,000 180,000 210,000 Variable overhead costs $ 1,200,000 $ 1,440,000 $ 1,680,000 Fixed overhead costs 702,000 702,000 702,000 Total overhead $ 1,902,000 $ 2,142,000 $ 2,382,000 The expected volume is 180,000 direct...
Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows: Direct labor-hours Variable overhead costs Fixed overhead costs Total overhead 150,000 $1,050,000 648,000 $1,698,000 180,000 $1,260,000 648,000 $1,908,000 210,000 $1,470,000 648,000 $2,118,000 The expected volume is 180,000 direct labor-hours for the entire year. The...
Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours Variable overhead costs Fixed overhead costs Total overhead 150,000 $ 900,000 684,000 $1,584,000 180,000 $1,080,000 684,000 $1,764,000 210.000 $1,260,000 684,000 $1,944,000 The expected volume is 180,000 direct labor-hours for the entire year....
Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours 150,000 180,000 210,000 Variable overhead costs $ 1,050,000 $ 1,260,000 $ 1,470,000 Fixed overhead costs 684,000 684,000 684,000 Total overhead $ 1,734,000 $ 1,944,000 $ 2,154,000 The expected volume is 180,000 direct...
Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as Required Complete the T-accounts. (LO 7-3) 7-52. Analysis of Overhead Using a Predetermined Rate follows. Direct labor-hours Variable overhead costs. Fixed overhead costs Total overhead. 150,000 $1,050,000 648,000 $1,698,000 180,000 $1,260,000 648,000 $1,908,000 210,000 $1,470,000...
please explain and make answers visable Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours Variable overhead costs Fixed overhead costs Total overhead 150,000 $1,050,000 612,000 $1,662,000 180,000 $1,260,000 612,000 $1,872,000 210,000 $1,470,000 612,000 $2,082,000 The expected volume is 180,000 direct...
Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours Variable overhead costs Fixed overhead costs Total overhead 150,000 $1,050,000 612,000 $1,662,000 180,000 $1,260,000 612,000 $1,872,000 210,000 $1,470,000 612,000 $2,082,000 The expected volume is 180,000 direct labor-hours for the entire year. The...
i just need part B please and thank you Exercise 7-24 (Algo) Assigning Costs to Jobs (LO 7-1, 2) Forest Components makes aircraft parts. The following transactions occurred in July 2.5 points 1 Purchased $16,960 of materials on account 2. Issued $16,750 in direct materials to the production department 3. Issued $1,330 of supplies from the materials Inventory 4. Pald for the materials purchased in transaction (1) using cash. 5. Returned $2,130 of the materials issued to production in (2)...