newconnect.mheducation.com -Homework Saved Required information Problem 19-3A So
ID: 2509361 • Letter: N
Question
newconnect.mheducation.com -Homework Saved Required information Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, The following information applies to the questions displayed below Widmer watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the c production activities during May 2017 follows a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct saterials Indirect naterials $ 48,500 34,000 19,400 23,200 7.200 132,300 Total materials used $153,300 c. Paid $15,250 cash to a computer consultant to reprogram factory equipment. d. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect Labor $ 12,200 10,500 37,900 39,200 103,000 24,500 Total $127,500 Prev 7 8 9 10 of 11 Next>Explanation / Answer
Solution:
1) Preparing a Job Cost Sheet for Each Job worked During the Month:
2) Preparing the Journal Entries to record the Events and Transactions a through i:
3) Preparing the T-Accounts for Each of the Following Generall Ledger Accounts:
4) Preparing a Report showing the total cost of each job in process:
Job No: 136 Job No: 137 Job No: 138 Job No: 139 Job No: 140 Materials $48,500 $34,000 $19,400 $23,200 $7,200 Labor $12,200 $10,500 $37,900 $39,200 $3,200 Overhead (200% of Labor) $24,400 $21,000 $75,800 $78,400 $6,400 Total Cost $85,100 $65,500 $133,100 $140,800 $16,800Related Questions
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