Question

accounting sy Other data: On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs hi combined direct materials costs of $9,850 and direct labor costs of $16,600. 1. Overhead was applied at a rate that was 75% of direct labor cost, During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials $3,900 and direct labor $5,300, plus manufacturing overhead. All jobs, except for Job No. 158, were completed in December. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,600. On December 31, Job No. 157 was the only job finished that was not 2. 3. sold. It had a cost of $4,200. 4. Manufacturing overhead was $1,595 underapplied in December. List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory 7710 (a) Dec. 31 Requisitions 18,150 Dec. 1 Beginning balance 18.625 31 Purchases Dec. 31 Ending balance 8,185 Work in Process Inventory Jobs completed Dec. 1 Beginning balance 38900 (b) Dec. 31 56250 (n) 14950 (c) 31 Direct materials Manufacturing overhead was $1,595 underapplied in December. 4. List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory Dec. 1 Beginning balance 18,150 7710 (a) Dec. 31 Requisitions 31 Purchases 18,625 Dec. 31 Ending balance 8,185 Work in Process Inventory Dec. 1 Beginning balance 38900 (b) Dec. 31 Jobs completed 56250 (f) 31 Direct materials 14950 (c) 31 Direct labor 8,900 31 Overhead 6675 (d) Dec. 31 Ending balance 13175 (e) Finished Goods Inventory Dec. 1 Beginning balance 5600 (g) Dec. 31 Cost of goods sold (0) 57650 31 Completed jobs 56250 (h) Dec. 31 Ending balance 4200 ) Factory Labor Help System Annourn CALCULATOR Dec. 31 Ending balance 13175 (e) Finished Goods Inventory 57650 (1) Cost of goods sold 5600 (g) Dec. 31 Dec. 1 Beginning balance 56250 (h) 31 Completed jobs 4200 (j) Dec. 31 Ending balance Factory Labor 8900 Wages assigned (k) 12,225 Dec. 31 Factory wages Dec. 31 Manufacturing Overhead Overhead applied Dec. 31 (m) 3,200 Dec. 31 Indirect materials 1595 6050 () 31 Indirect labor 31 Other overhead 1,745 Open Show Work Click if you would like to Show Work for this question:

Answer 1

And-Factory Labor

Dec.31	Factory wages	12,225	Dec.31	wages assigned	12,225

Manufacturing overhead

Dec.31	Indirect Materials	3,200	Dec.31	overhead applied	6,675
31	Indirect labor	5,220 (6,675+1,745-3,200)
31	Other overhead	1,745

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