Accounting Last Two HW's - E205 (a) $2.44permachinehour...

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E20-5 (a) $2.44 per machine hour 305,000/125,000 (b) 322,000-(2.44*130,000) 322,000-317,200 4,800 Under applied ( c) Cost of Goods Sold 4,800 Manufacturing Overhead 4,800
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E20-13 (a) Predetermined overhead rate 960,000/40,000 $24 per hour (b) Applied Overhead Work in Process  972,000 40,500*24 Manufacturing Overhead 972,000 (c ) Actual overhead 982,800 Applied overhead 972,000 10,800 Under Applied
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Supplemental Homework #10 (a) Cash 149,000 Accounts Receivable 149,000 (b) Marketing and General Expenses 25,000 Cash 25,000 (c ) Accounts Payable 38,000 Cash 38,000 (d) Materials Inventory 24,500 Materials Inventory 4,600 Accounts Payable 29,100 (e) WIP Inventory 8,550 Overhead 2,000 Materials Inventory 10,550 (f) Factory Labor Expense 38,000 Cash 36,000 Factory Labor Payable 2,000 (g) WIP Inventory 22,000 Overhead 16,000 Factory Labor Expense 38,000 (h) Overhead 2,400 Accumulated Depreciation 2,400 (i) WIP Inventory 15,400 Overhead 15,400 (j) finished Goods Inventory 7,550 WIP Inventory 7,550 (k) Accounts Receivable 10,000 Sales 10,000 Cost of Goods Sold 7,550 Finished Goods Inventory 7,550
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(l) Cost of Goods Sold 5,000 Overhead 5,000
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WIP Job 120 Job 121  8,550  DM  750   7,800   22,000  DL  4,000   18,000   15,400  OH  2,800   12,600   45,950   7,550   38,400  Overhead 2,000 16,000 2,400 15,400 5,000
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E23-14 (a) NIU COMPANY Expected Collections from Customers March March cash sales   108,000  Collection of March credit sales  16,200  Collection of February credit sales  66,000  Collection of January credit sales  43,200  Total collections  $233,400 
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(b) NIU COMPANY
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This note was uploaded on 03/28/2011 for the course ACCOUNTING 101 taught by Professor Bob during the Spring '10 term at Rowan-Cabarrus Community College.

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Accounting Last Two HW's - E205 (a) $2.44permachinehour...

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