Group #5-Assignment #3-Group Assignment.docx - Assignment#3...

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Assignment #3- Problems (Group Assignment) GROUP MEMBERS : Mary Gobinsigh Rhea John- (Leader) Cindy Joseph Julie Octave Tanisha Todd UNIVERSITY: University of the West Indies: Open Campus COURSE CODE: ACCT1003 COURSE TITLE: Introduction to Cost & Management Accounting Semester I 2018/2019
Part 1 (25 marks) a)Compute Pack Rite’s predetermined manufacturing overhead rate. (1 marks) b)Calculate the total manufacturing cost for each job. (4 marks) c)Using the total figures, record the transactions in the general journal. (9 marks)
Manufacturing overhead 612,000 (iv) Manufacturing overhead a/c Materials inventory 80,000 80,000 (v) Manufacturing overhead a/c Wages payable 159,750 159,750 (vi) Manufacturing overheads a/c Accumulated depreciation 300,000 300,000 (vii) Manufacturing overheads /ac

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