Ch 2 - 3 - Ch. 2 & 3 Textbook Exercises Exercise E2-6,...

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Exercise E2-6, E2-9, E3-5, E-3-9 Ch. 3 Questions 2 & 3 University of Phoenix ACC/349 Instructor: Leona Seto-Mook By Scott Ward
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E2-6 (a) (1) The source documents are: Direct materials—Materials requisition slips. Direct labor—Time tickets. Manufacturing overhead—Predetermined overhead rate. (2) The predetermined overhead rate is 120% of direct labor cost. (3) The total cost is: Direct materials. ......................................................................................... $4,828 Direct labor. ............................................................................................... 1,360 Manufacturing overhead. ........................................................................... 1,632 $7,820 The unit cost is $3.91 ($7,820 ÷ 2,000). (b) July 31Finished Goods Inventory. ............................................................... 7,820 Work in Process Inventory. ......................................... 7,820
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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
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This note was uploaded on 03/01/2012 for the course ACC all taught by Professor All during the Spring '12 term at University of Phoenix.

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Ch 2 - 3 - Ch. 2 & 3 Textbook Exercises Exercise E2-6,...

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