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Unformatted text preview: FileName: 8e780db6342d545060fdf803e2e4fb3fe3e9294c.xls, Tab: Problem P2-3B, Page 1 of 2, 12/28/2011, 19:01:54 Name: Date: Instructor: Course: Raw Materials Inventory $4,200 Manufacturing Overhead Applied $32,640 Work in Process Inventory $5,540 Manufacturing Overhead Incurred $31,650 Subsidiary data for Work in Process Inventory on June 1 are as follows: JOB COST SHEETS Cost Element Powell Aurora Hayden Direct Materials $600 $800 $900 Direct Labor 320 540 580 Manufacturing Overhead 400 675 725 $1,320 $2,015 $2,205 During June, raw materials purchased on account were $3,900 and all wages were paid. Additional overhead costs consisted of depreciation on equipment $700 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following: Job by Customer Materials Requisition Slips Time Tickets Powell $800 $450 Elgin 2,000 800 Aurora 500 360 Hayden 1,300 800 Powell 300 390 $4,900 $2,800 General use 1,500 1,200 $6,400 $4,000 Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Powell, Aurora, and Hayden were completed during June and sold for a total of $18,900 Each customer paid in full. Instructions: Account Title Amount Account Title Amount Account Title Amount Account Title Amount Account Title Amount Account Title Amount Account Title Amount...
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This note was uploaded on 12/28/2011 for the course ACCT 221 taught by Professor Leonarda.bacon during the Winter '07 term at CSU Bakersfield.
- Winter '07
- Managerial Accounting