p11-6a - Name: Date: Instructor: Course: Managerial...

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FileName: d50e20d95a25c5893a0035274fd13c2f5410e2db.xls , Tab: Problem P11-6A, Page 1 of 2, 12/28/2011, 19:03:21 Name: Date: Instructor: Course: (Job No. 84) was received for 3,900 units of Product D. The standard cost of 1 unit of Product D is as follows: Direct materials 1.40 pounds at $4.00 per pound $5.60 Direct labor 1.00 hour at $9.00 per hour 9.00 Overhead 1.00 hour variable $7.40 per hour 7.40 Overhead 1.00 hour fixed $10.00 per hour 10.00 Standard cost per unit $32.00 Overhead is applied on the basis of direct labor hours. Normal capacity for the month of January was 4,500 direct labor hours. During January, the following transactions applicable to Job 84 occurred: 1. Purchased 6,200 pounds of raw materials on account at $3.60 per pound. 2. Requisitioned 6,200 pounds of raw materials for production. 3. Incurred 3,700 hours of direct labor at $9.25 per hour. 4. Worked 3,700 hours of direct labor on Job No. 84. 5. Incurred $73,650 of manufacturing overhead on account. 6. Applied overhead to Job No. 84 on the basis of direct labor hours. 7. Transferred Job No. 84 to finished goods. 8. Billed customer for Job No. 84 at a selling price of $250,000 9. Incurred selling and administrative expenses on account of $61,000 Instructions: 1 Account title Formula Account title Formula Account title Formula Area for calculations as desired Area for calculations as desired Area for calculations as desired
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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.

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p11-6a - Name: Date: Instructor: Course: Managerial...

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