PROBLEM 2 - PROBLEM 2-1A (a) $400,000 20,000 direct labor...

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PROBLEM 2-1A (a) $400,000 ÷ 20,000 direct labor hours = $20 per direct labor hour (b) See solution to part (e) for job cost sheets (c) Raw Materials Inventory. ............................................ 45,000 Accounts Payable. ............................................... 45,000 Factory Labor. .............................................................. 35,500 Employer Payroll Taxes Payable. ...................... 6,500 Factory Wages Payable. ..................................... 29,000 Manufacturing Overhead. ........................................... 35,500 Raw Materials Inventory. .................................... 10,000 Factory Labor. ...................................................... 7,500 Accumulated Depreciation. ................................ 12,000 Accounts Payable. ............................................... 6,000 (d) Work in Process Inventory. ........................................ 40,000 Raw Materials Inventory. .................................... 40,000
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This note was uploaded on 05/16/2011 for the course AC 303 taught by Professor Richardkido during the Spring '11 term at Chaminade University.

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PROBLEM 2 - PROBLEM 2-1A (a) $400,000 20,000 direct labor...

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