| Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plant wide predetermined overhead rate based on direct labor-hours. The following additional information is available for t fixed manufacturing overheadhe company as a whole and for Jobs P and Q (all data and questions relate to the month of March): |
Estimated total fixed manufacturing overhead $ 10,000
Estimated variable manufacturing overhead per direct labor-hour $ 1.00
Estimated total direct labor-hours to be worked 2,000
Total actual manufacturing overhead costs incurred $ 12,500
Job P Job Q
Direct materials $13,000 $ 8,000
Direct labor cost $ 21,000 $ 7,500
Actual direct labor-hours worked 1,400 500
8. Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured
9. Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare the journal entry to transfer costs from Work in Process to Finished Goods.
10. Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials.Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account.
11. Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare a schedule of cost of goods sold.
“Is this question part of your assignment? We Can Help!”
“Get 20% OFF on a Similar Assignment!! Place Your Order and Use this Coupon Code: SUPER20”
fixed manufacturing overhead was first posted on March 6, 2020 at 5:19 pm.
©2020 “Buy Custom Essays“. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at ukbestwriting@gmail.com
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."
