WileyPLUS Weygandt,Accounting Prindjae, 2e Phillios C Other data: OnDecember 1,

Question

WileyPLUS Weygandt,Accounting Prindjae, 2e Phillios C Other data: OnDecember 1, two jobs were in processe Joe No. ISA and eb No. 1ss. These jobs had combined direct matenals costs or susand dred labor costs of $16,100, overhead was appiedot . rate he "as 75% of direct labor cost 1. 2. During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct matenials $4,300 and direct labor $5,:00, plus manufacturing overhead All jobs, except for Job No. 158, were completed in December No. 157 mas the only yot finished that was not sold it had a cost of $4,500 3. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,400. On December 31, J 4. Manufacturing overhead was $1,145 underapplied in December 31 Purchases 9,100 MacBook 5 6 2 3

Explanation / Answer

(a) $ 8,010 = $ 17,950 + $ 8,285 - $ 18,225

(b) $ 38,125 = $ 9,950 + $ 16,100 + ($ 16,100 x 75%)

(c) $14,550 = $ 17,950 - $ 3,400

(d) $ 6,825 = $ 9,100 x 75%

(e) $ 13,225 = $ 4,300 + $ 5,100 + (75% x $ 5,100)

(f) $ 55,375 = $ 38,125 + $ 14,550 + $ 9,100 + $ 6,825 -$ 13,225

(g) $ 5,400 = $ 5,400 (given)

(h) $ 55,375 = $ 55,375 (same as f above)

(i) $ 56,275 = $ 5,400 + $ 55,375 - $ 4,500

(j) $ 4,500 = $ 4,500 (given)

(k) $ 12,225 = Equal to factory labor incurred being $ 12,225

(l) $ 3,125 = $ 12,225 - $ 9,100

(m) $ 6,825 = $ 3,400 + $ 3,125 + $1,445 - $ 1,145 or same as (d)

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