Ecashm
Nov 25, 2006, 04:08 AM
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Prepare general journal enteries to record events
a. purchase raw materials for $65000 cash
b. used raw materials
Dept A 21760
Dept b 46760
Indirect mat 5000
c. paid factory payroll 125000 cash
d. assigned factory payroll cost
Dept A 25420 Direct labor
Dept B 60900 Direct labor
Indirect labor 38680
e. incurred additional factory overhead cost of 54725 in cash
f. Factory overhead is allocated to dept A & B as a percentage of direct labor costs
Overehead rate is 125%
Units of production on hand or worked for august
Dept A Dept B
Units in Beg inventory 200 300
% completed w/ respect to:
Materials 90% 30%
Labor & overhead 80% 10%
Units Started in Aug 900 700
Units transferred 700 750
% completed w/ respect to:
Materials 100% 100%
Labor & overhead 100% 100%
Ending inventory 400 250
% completed w/ respect to:
Materials 40% 70%
Labor & overhead 20% 60%
Make following calculations:
Equivalent units of production in Dept A & B separately using weighted average
Per unit cost for labor materials & overhead
Prepare general journal enteries to record events
a. purchase raw materials for $65000 cash
b. used raw materials
Dept A 21760
Dept b 46760
Indirect mat 5000
c. paid factory payroll 125000 cash
d. assigned factory payroll cost
Dept A 25420 Direct labor
Dept B 60900 Direct labor
Indirect labor 38680
e. incurred additional factory overhead cost of 54725 in cash
f. Factory overhead is allocated to dept A & B as a percentage of direct labor costs
Overehead rate is 125%
Units of production on hand or worked for august
Dept A Dept B
Units in Beg inventory 200 300
% completed w/ respect to:
Materials 90% 30%
Labor & overhead 80% 10%
Units Started in Aug 900 700
Units transferred 700 750
% completed w/ respect to:
Materials 100% 100%
Labor & overhead 100% 100%
Ending inventory 400 250
% completed w/ respect to:
Materials 40% 70%
Labor & overhead 20% 60%
Make following calculations:
Equivalent units of production in Dept A & B separately using weighted average
Per unit cost for labor materials & overhead