Wey-Acctg Princ 9e-25p-6a-sol (1)

Wey-Acctg Princ 9e-25p-6a-sol (1) - Name: Instructor: Date:...

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FileName: b567fdefcb2b2b128c508a361b38c899e204a95d.xlsx, Tab: Problem P25-6A, Page 1 of 2, 12/12/2011, 02:00:48 Name: Date: Instructor: Course: (Job No. 12) for 1,900 units of Product B was received. The standard cost of one unit of Product B is as follows. Direct materials 3 pounds at $1.00 per pound $3.00 Direct labor 1 hour at $8.00 per hour 8.00 Overhead 2 hours (variable $4.00 per machine hour; 12.50 fixed $2.25 per machine hour) Standard cost per unit $23.50 Normal capacity for the month was 4,200 machine hours. During January, the following transactions applicable to Job No. 12 occurred. 6,250 pounds of raw materials on account at $1.06 per pound. 6,250 pounds of raw materials for Job No. 12. 2,100 hours of direct labor at a rate of $7.75 per hour. 2,100 hours of direct labor on Job No. 12. $25,800 $70,000 $2,000 Instructions: 1 Account title Amount Account title Amount Account title Amount 2 Account title Amount Account title Amount Account title Amount 3 Account title Amount Account title Amount Account title Amount 4 Account title Amount Account title Amount Account title Amount 5 Account title Amount Account title Amount 6 Account title Amount Account title Amount 7 Account title Amount Account title Amount 8 Account title Amount Account title Amount Account title Amount Account title Amount 9 Account title Amount Account title Amount Raw Materials Inventory Material Price Variance Work In Process Inventory Factory Labor Materials Quantity Variance Finished Goods Inventory Manufacturing Overhead Labor Price Variance Cost of Goods Sold
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This note was uploaded on 12/12/2011 for the course ECONOMIC acc 101 taught by Professor Xyz during the Spring '11 term at University of Phoenix.

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Wey-Acctg Princ 9e-25p-6a-sol (1) - Name: Instructor: Date:...

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