Question

Please show all caculations and all work.

each pic is a different problem

Snowy Inc had the following job costs for January Job: 23 24 25 Dec. Work in Process $ 5,000 $ 2,000 January Direct Materials $20,000 $18,000 $6,000 January Direct Labor $10,000 $25,000 $2,000 January Overhead $5,000 $12,500 $1,000 Prepare the journal entries to record the January job costs to all the jobs and transfer job 23 to finished goods. You can type your answers below Gotta Have It estimated this year's overhead at $200,000 and direct labor at $125,000. Actual overhead for the year was $225,000 and actual direct labor was $135,000. Determine the amount of over-or under-applied overhead by (show and label all calculations below for full credit): 1. Calculating the Predetermined Overhead Rate (POHR) 2. Calculating the amount of applied overhead. 3. Calculating the difference in applied and actual overhead. 4. Is this OVER or UNDER applied? Clear Construction has the following jobs: 42D Job: 39A 41C 40B Beg. Work in Process $100,000 $50,000 Direct materials 30,000 50,000 80,000 70,000 Direct labor 40,000 60,000 50,000 80,000 Overhead 30.000 20,000 25.000 40.000 $90,000 Total Job Cost $140,000 $255,000 $240,000 Job Status Completed In Process Sold Completed Without using journal entries and using the data above, determine the account balances for Work in Process Inventory, Finished Goods Inventory and Cost of Goods Sold by determining where each of the jobs would appear on the financial statements (include job numbers in your answers). 1. Work In Process Inventory 2. Finished Goods Inventory 3. Cost of Goods Sold A company uses the weighted average method for process cost accounting. All direct materials are added at the start of the process and conversion costs are added evenly throughout the process. Calculate Equivalent units for direct materials, direct labor and overhead if 175,000 units were completed and 40,000 units were in ending goods in process inventory and was 60% complete. SHOW AND LABEL ALL WORK below to receive full credit Calculate the following: 1. Equiv. Units for Units Completed- Direct Materials 2. Equiv. Units for Units Completed- Conversion Costs (Direct Labor and Overhead) 3. Equiv. Units for Units in End. Work in Process-Direct Materials 4. Equiv. Units for Units in End. Work in Process-Conversion Costs (Direct Labor and Overhead) 5. Total Equivalent Units- Direct Materials 6. Total Equivalent Units - Conversion Costs (Direct Labor and Overhead)

Answer 1

	Particulars	Debit	Credit
1	Work in process	44000	(20000+18000+6000)
	Raw material inventory		44000
2	Work in process	37000	(10000+25000+2000)
	Wages payable		37000
3	Work in process	18500	(5000+12500+1000)
	Manufacturing overheads		18500
4	Finished goods inventory	40000
	Work in process		40000
	job 23 = 5000+20000+10000+5000=40000