Transaction | Account titles & Explanations | Debit | Credit | |||||
1 | Work in process inventory | 10000 | ||||||
Manufacturing overhead | 1,400 | |||||||
Raw materials inventory | 11,400 | |||||||
2 | Work in process inventory | 10200 | ||||||
Manufacturing overhead | 1,200 | |||||||
Factory payroll | 11,400 | |||||||
3 | Work in process inventory | 7140 | ||||||
manufacturing overhead | 7,140 | |||||||
(10,200*70%) | ||||||||
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the...
Can someone please help with this problem?
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Job 33 Job 34 Balance on 3/1 $ 4,800 5,000 $9,800 Source documents revealed the following during March: Materials Requisitions Labor Time Forms Tickets Status of Job at Month-End Job 33 $ 3,300 $5,300 Completed and...
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Balance on 3/1 Job 33 $ 4,600 Job 34 4,200 $ 8,800 Source documents revealed the following during March: Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End Job 33 $ 3,900 $ 5,300 Completed and sold Job 34 2,400 4,100...
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Balance on 3/1 Job 33 $ 5,700 Job 34 4,600 $ 10,300 Source documents revealed the following during March: Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End Job 33 $ 3,900 $ 4,700 Completed and sold Job 34 2,900 4,500...
E2-2 (Algo) Preparing Journal Entries [LO 2-S1) Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer On March 1, OCFF had two jobs in process with the following costs: Work in Process Job 33 Job 34 Balance on 3/1 $ 4,000 3,200 $ 7,200 Source documents revealed the following during March: Materials Requisitions Labor Time Forms Tickets Status of Job at Month-End Job 33 $ 3,800 $ 5,800 Completed...
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Job 33 Job 34 Balance on 3/1 $ 7,500 6, eee $ 13,500 Source documents revealed the following during March Materials Requisitions Labor Time Forms Tickets Status of Job at Month-End Job 33 $ 3,500 $ 6,50e Completed and sold Job 34 6,eee...
I Oak Creek Furniture Factory (OCFF, a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1 OCFF had two be in process with the following costs Work in Process Job 33 Job 4 0020 Source documents revealed the following during March Job 33 Job 35 3b 35 Requisitos Labor Tin Forns Tickets $ 2, 55,500 3.300 4. 2.100 Statue of Job at Mont Completed and sold Completed, but not sol In...
Oak Crook Furniture Factory IOCFF, a custom future manufacturer, uses job order cosaing to track the cost of each customer order On March LOCFF had two jobs in PTOCOCS with the following co Work in Process Job 34 334 Source documents revealed the following during March Materials Requisitions Labor Time Tickets Status of job at Month-End S plete Completed, but not sold Job 33 $ 11,300 The company applies Overhead to products at a rate of 65 percent of direct...
The company applies overhead to products at a rate of 60 percent
of direct labor cost.
Required:
1. Compute the cost of Jobs 33, 34, and 35 at
the end of the month.
2. Calculate the balance in the Work in Process
Inventory, Finished Goods Inventory, and Cost of Goods Sold
accounts at month-end.
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had...
i
just need help with this question on my accounting homework
ACC202 K Chapter 02 Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1, OCFF had two jobs in process with the following costs: points Work in Process Job 33 Job 34 $ on 3/1 4,900 4.400 9,300 $ Source documents revealed the following during March: Materials Requisitions Labor Time Forms Tickets Status of Job...
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materialsS Work in process 25,000 Finished goods38,100 ş 50,500 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following...