The gross earnings of the factory workers for Brantley Company during the month of January are $59,800. The employer's payroll taxes for the factory payroll are $8,400. The fringe benefits to be paid by the employer on this payroll are $3,100. Of the total accumulated cost of factory labor, 83% is related to direct labor and 17% is attributable to indirect labor.

Prepare the entry to record the factory labor costs for the month of January.

Prepare the entry to assign factory labor to production.

Milner Manufacturing uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $2,970 and two jobs in process: Job No. 429 $1,890, and Job No. 430 $1,080. During May, a summary of source documents reveals the following.
Job Number Materials Requisition Slips Labor Time Tickets
429 $2,360 $2,190
430 3,730 3,150
431 4,440 $10,530 7,570 $12,910
General use 990 1,380
$11,520 $14,290


Milner Manufacturing applies manufacturing overhead to jobs at an overhead rate of 90% of direct labor cost. Job No. 429 is completed during the month.
Prepare summary journal entries to record: (I) the requisition slips, (ii) the time tickets, (iii) the assignment of manufacturing overhead to jobs, and (iv) the completion of Job No. 429.

Post the entries to Work in Process Inventory, and prove the agreement of the control account with the job cost sheets.

A job order cost sheet for Rolen Company is shown below.
Job No. 92 For 2,000 units
Date Direct materials Direct labor Manufacturing Overhead
Beg. bal. Jan. 1 5,184 6,700 5,159
8 6,048
12 7,300 6,059
25 2,042
27 4,100 3,403
13,274 18,100 14,621

Cost of completed job
Direct materials $13,274
Direct labor 18,100
Manufacturing overhead 14,621
Total cost $45,995
Unit cost ($45,995 ÷ 2,000) $23.00



What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job?

If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year?

Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92.

Renteria Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $304,530 for the year, and machine usage is estimated at 125,180 hours.
For the year, $322,920 of overhead costs are incurred and 128,440 hours are used.
Compute the manufacturing overhead rate for the year.

What is the amount of under- or overapplied overhead at December 31?

Assuming the under- or overapplied overhead for the year is not allocated to inventory accounts, prepare the adjusting entry to assign the amount to cost of goods sold.

Tomlin Company begins operations on April 1. Information from job cost sheets shows the following.
Manufacturing Costs Assigned
Job Number April May June Month Completed
10 $6,800 $4,100 May
11 5,600 3,000 $3,000 June
12 2,100 April
13 2,500 3,100 June
14 3,400 4,000 Not complete
Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 28% above its cost in the month following completion.
What is the balance in Work in Process Inventory at the end of each month?

What is the balance in Finished Goods Inventory at the end of each month?

What is the gross profit for May, June, and July?

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