Homework Answers
1) Indirect Labor Cost = $5000
The debit figure in manufacturing OH A/c of $5000 standsfor indirect labor cost.
2) Manufacturing OH Applied = $28000
Journal Entry for Manufacturing Overhead Applied:
Work in Process Dr. 28000
Manufacturing Overhead Cr. 28000
3)Cost of Direct Materials Used = $12000
The debit figure in WIP A/c of $12000 is the value of direct materials used
Journal Entry :
Work in Process Dr. 12000
Manufacturing Overhead Dr. 8000
Raw Materials Cr. 20000
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B. The following partially completed T-accounts summarize last year's transactions for Marine Quest Company. Raw Materials...
QUESTION 2 (25 MARKS) A. D'Salai Company had only one job in process on 19 May....
QUESTION 2 (25 MARKS) A. D'Salai Company had only one job in process on 19 May. The job had been charged with RM1,400 of direct materials, RM6,192 of direct labor, and RM5,712 of manufacturing overhead cost. The company assigns overhead costs to jobs using the predetermined overhead of RM11.90 per direct labor hour. During May, the following activities were recorded: RM Raw materials (all direct materials): Beginning balance 8,500 Purchased during the month 48,000 Used in production 51,800 Labor: Direct...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Raw Materials Work...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Raw Materials Work in Process Credit Credit Beginning Balance 4,700 4,900 8,460 bebit Beginning Balance 21,900 3,800 5.900 8,200 8,000 Finished Goods Manufacturing Overhead Credit Debit Beginning Balance Debit Credit 20,100 1,900 21,900 8,000 2,500 3,200 2,900 Debit Cost of Goods Sold Mapes & Salaries Payable Credit 20,100 Beginning Balance Credit 2,200 11,400 Beginning Balance 20,100 The manufacturing overhead was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Raw Materials Credit...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Raw Materials Credit Debit Beginning Balance 8,100 4,550 4,750 Work in Process Credit Debit Beginning Balance 21,750 3,650 5,750 8,050 7,850 Finished Goods Credit Debit Beginning Balance 19,950 1,750 21,750 Manufacturing Overhead Debit Credit 7,850 2,350 3,050 2,750 Debit Wages & Salaries Payable Credit 19,950 Beginning Balance 2,050 11, 100 Cost of Goods Sold Debit Credit 19,950 The manufacturing overhead applied was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Work...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Work in Process Credit Credit Debit Beginning Balance 8,600 4,800 5,000 Debit Beginning Balance 22,000 3,900 6,000 8,300 8,100 Finished Goods Manufacturing Overhead Credit Debit Credit Debit Beginning Balance 20,200 8,100 2,000 22,000 2,600 3,300 3,000 Wages & Salaries Payable Cost of Goods Sold Debit Credit Debit Credit 20,200 Beginning Balance 20,200 2,300 11,600 The manufacturing overhead was: Multiple Choice O $800 overapplied O $800...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Work...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Work in Process Credit Credit Debit Beginning Balance Debit Beginning Balance 9,000 22,200 5,000 5,200 4,100 6,200 8,500 8,300 Finished Goods Manufacturing Overhead Credit Debit Credit Debit Beginning Balance 20,400 8,300 2,200 22,200 2,800 3,500 3,200 Cost of Goods Sold Debit Wages & Salaries Payable Credit 20,400 Beginning Balance Debit Credit 20,400 2,500 12,000 The direct labor cost was: : Multiple Choice $20,400 $13.100
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Credit...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Credit Debit Beginning Balance 8,800 4,900 5,100 Work in Process Credit Debit Beginning Balance 22,100 4,000 6,100 8,400 8,200 Finished Goods Credit Debit Beginning Balance 20,300 2,100 22,100 Manufacturing Overhead Debit Credit 8,200 2,700 3,400 3,100 Debit Wages & Salaries Payable Credit 20,300 Beginning Balance 2,400 11,800 Cost of Goods Sold Debit Credit 20,300 The direct materials cost was: Multiple Choice O $8,800 $4,000 $6,100...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Debit...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Debit Beginning Balance Credit 5,500 5,700 10,000 Work in Process Debit Beginning Balance Credit 22,700 4,600 6,700 9,000 8,800 Finished Goods Debit Credit Beginning Balance 2,700 22,700 20,900 WA Manufacturing Overhead Debit Credit 8,800 3,300 4,000 3,700 Debit Wages & Salaries Payable Credit 20,900 Beginning Balance 3,000 13,000 Cost of Goods Sold Debit Credit 20,900 The Cost of Goods Manufactured was: The Cost of Goods...
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials...
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg Bal 3,650 21,750 5,750 8,050 7,850 Finished Goods Beg Bal 1,750 19,950 21,750 Manufacturing Overhead 2,350 7,850 3,050 2,750 Wages & Salaries Payable 19,950 Beg Bal 2,050 11,100 Cost of Goods Sold Beg Bal 19,950 The manufacturing overhead applied was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,200 9,400 5,400 Work in Process Beg Bal 4,300 22,400 6,400 8,700 8,500 Finished Goods Beg Bal 2,400 20,600 22,400 Manufacturing Overhead 3,000 8,500 3,700 3,400 Wages & Salaries Payable 20,600 Beg Bal 2,700 12,400 Cost of Goods Sold Beg Bal 20,600 The manufacturing overhead applied was:
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials...
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg Bal 3,650 21,750 5,750 8,050 7,850 Finished Goods Beg Bal 1,750 19,950 21,750 Manufacturing Overhead 2,350 7,850 3,050 2,750 Wages & Salaries Payable 19,950 Beg Bal 2,050 11,100 Cost of Goods Sold Beg Bal 19,950 The manufacturing overhead applied was:
QUESTION 2 (25 MARKS) A. D'Salai Company had only one job in process on 19 May. The job had been charged with RM1,400 of direct materials, RM6,192 of direct labor, and RM5,712 of manufacturing overhead cost. The company assigns overhead costs to jobs using the predetermined overhead of RM11.90 per direct labor hour. During May, the following activities were recorded: RM Raw materials (all direct materials): Beginning balance 8,500 Purchased during the month 48,000 Used in production 51,800 Labor: Direct...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Raw Materials Work in Process Credit Credit Beginning Balance 4,700 4,900 8,460 bebit Beginning Balance 21,900 3,800 5.900 8,200 8,000 Finished Goods Manufacturing Overhead Credit Debit Beginning Balance Debit Credit 20,100 1,900 21,900 8,000 2,500 3,200 2,900 Debit Cost of Goods Sold Mapes & Salaries Payable Credit 20,100 Beginning Balance Credit 2,200 11,400 Beginning Balance 20,100 The manufacturing overhead was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Raw Materials Credit Debit Beginning Balance 8,100 4,550 4,750 Work in Process Credit Debit Beginning Balance 21,750 3,650 5,750 8,050 7,850 Finished Goods Credit Debit Beginning Balance 19,950 1,750 21,750 Manufacturing Overhead Debit Credit 7,850 2,350 3,050 2,750 Debit Wages & Salaries Payable Credit 19,950 Beginning Balance 2,050 11, 100 Cost of Goods Sold Debit Credit 19,950 The manufacturing overhead applied was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Work in Process Credit Credit Debit Beginning Balance 8,600 4,800 5,000 Debit Beginning Balance 22,000 3,900 6,000 8,300 8,100 Finished Goods Manufacturing Overhead Credit Debit Credit Debit Beginning Balance 20,200 8,100 2,000 22,000 2,600 3,300 3,000 Wages & Salaries Payable Cost of Goods Sold Debit Credit Debit Credit 20,200 Beginning Balance 20,200 2,300 11,600 The manufacturing overhead was: Multiple Choice O $800 overapplied O $800...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Work in Process Credit Credit Debit Beginning Balance Debit Beginning Balance 9,000 22,200 5,000 5,200 4,100 6,200 8,500 8,300 Finished Goods Manufacturing Overhead Credit Debit Credit Debit Beginning Balance 20,400 8,300 2,200 22,200 2,800 3,500 3,200 Cost of Goods Sold Debit Wages & Salaries Payable Credit 20,400 Beginning Balance Debit Credit 20,400 2,500 12,000 The direct labor cost was: : Multiple Choice $20,400 $13.100
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Credit Debit Beginning Balance 8,800 4,900 5,100 Work in Process Credit Debit Beginning Balance 22,100 4,000 6,100 8,400 8,200 Finished Goods Credit Debit Beginning Balance 20,300 2,100 22,100 Manufacturing Overhead Debit Credit 8,200 2,700 3,400 3,100 Debit Wages & Salaries Payable Credit 20,300 Beginning Balance 2,400 11,800 Cost of Goods Sold Debit Credit 20,300 The direct materials cost was: Multiple Choice O $8,800 $4,000 $6,100...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Debit Beginning Balance Credit 5,500 5,700 10,000 Work in Process Debit Beginning Balance Credit 22,700 4,600 6,700 9,000 8,800 Finished Goods Debit Credit Beginning Balance 2,700 22,700 20,900 WA Manufacturing Overhead Debit Credit 8,800 3,300 4,000 3,700 Debit Wages & Salaries Payable Credit 20,900 Beginning Balance 3,000 13,000 Cost of Goods Sold Debit Credit 20,900 The Cost of Goods Manufactured was: The Cost of Goods...
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