The project includes 8 steps. Complete Step 1 - 8 by entering the appropriate ac
ID: 2538495 • Letter: T
Question
The project includes 8 steps. Complete Step 1 - 8 by entering the appropriate accounting information in your template. Please use your name as the name of the company for the purpose of completing titles in your excel documents (Ex. John Smith, Inc.). After completing step 1 to 8 save your final template using the following name format: ACCT_2302_Project_Yourfirstname_Yourlastname, Example: ACCT_2302_Project_John_Smith.
Record your answers to fill in the blank questions under steps 1, and 8 using the information from your template.
Submit the completed excel file as an attachment in the link under Step III.
Click Continue/Begin to start
The project includes 8 steps. Complete Step 1 - 8 by entering the appropriate accounting information in your template. Please use your name as the name of the company for the purpose of completing titles in your excel documents (Ex. John Smith, Inc.). After completing step 1 to 8 save your final template using the following name format: ACCT_2302_Project_Yourfirstname_Yourlastname, Example: ACCT_2302_Project_John_Smith.
Record your answers to fill in the blank questions under steps 1, and 8 using the information from your template.
Submit the completed excel file as an attachment in the link under Step III.
Click Continue/Begin to start
QUESTION 1
DescriptionThe project includes 8 steps. Complete Step 1 - 8 by entering the appropriate accounting information in your template. Please use your name as the name of the company for the purpose of completing titles in your excel documents (Ex. John Smith, Inc.). After completing step 1 to 8 save your final template using the following name format: ACCT_2302_Project_Yourfirstname_Yourlastname, Example: ACCT_2302_Project_John_Smith.
Record your answers to fill in the blank questions under steps 1, and 8 using the information from your template.
Submit the completed excel file as an attachment in the link under Step III.
Click Continue/Begin to start
InstructionsThe project includes 8 steps. Complete Step 1 - 8 by entering the appropriate accounting information in your template. Please use your name as the name of the company for the purpose of completing titles in your excel documents (Ex. John Smith, Inc.). After completing step 1 to 8 save your final template using the following name format: ACCT_2302_Project_Yourfirstname_Yourlastname, Example: ACCT_2302_Project_John_Smith.
Record your answers to fill in the blank questions under steps 1, and 8 using the information from your template.
Submit the completed excel file as an attachment in the link under Step III.
Click Continue/Begin to start
Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed later.Explanation / Answer
Step 1:
Pre-determined manufacturing overhead rate = Total estimated manufacturing overheads / Estimated direct labor hours = = $5400/12 hours = $450 per direct labor hour
Step 2:
Step 3:
Step 4:
Note: A compound journal entry can also be prepared for Dec. 10 by debiting work in process $150, manufacturing overhead $4500 and salaries and wages expense $2000 and crediting salaries and wages payable $6650.
Per Chegg guidelines, 4 sub-parts have been answered.
Cost Sheet Job # 1 Direct materials $ Table top 2300 Legs ($800 x 4) 3200 Drawer 0 5500 Direct labor cost (3x2x$25) 150 Manufacturing overheads $ (3x2x$450) 2700 Total manufacturing cost $ 8350Related Questions
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