ACCT 329 WEEK 2 IND - ACCT 349 WEEK2 IND E2-6 a.) (1) What...

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ACCT 349 WEEK2 IND E2-6 a.) (1) What are the source documents for direct materials, direct labor, and manufacturing over-head costs assigned to this job? Direct materials = Requisition Slip (materials), Direct labor =time slips, Manufacturing overhead = overhead rate (predetermined) (2) What is the predetermined manufacturing overhead rate? The predetermined manufacturing overhead rate is 120% of the direct labor cost. (3) What are the total cost and the unit cost of the completed job? Direct Materials 4,828+Direct labor 1,360+ Manufacturing Overhead 1,632= Total cost 7,820/2000=unit cost 3.91 (b) Prepare the entry to record the completion of the job. Debit Credit Finished goods inventory 7,820 Work in process inventory 7,820 E2 -9 A YELLOW KNIFE MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2005 Work in Process, May 1 14,700 Direct Materials Used 62,400 Direct Labor 32,000 Manufacturing Over- head 48,000 Total Manufacturing Cost Total Cost of Work in
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ACCT 329 WEEK 2 IND - ACCT 349 WEEK2 IND E2-6 a.) (1) What...

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