Solve the last 4 pictures Waterways Continuing Problem to irrigate farms, parks,
ID: 2571218 • Letter: S
Question
Solve the last 4 pictures Waterways Continuing Problem to irrigate farms, parks, commercial projects, and private homes. It has a the products it markets to retail outlets across the WCP14 Waterways Corporation is a private corporation formed for the purpose of providing the products centrally located factory in a U.S. city that manufactures nation. It also maintains a division insta areas that provides installation and warranty servicing in six metropolitarn The mission of Waterwa projects that also conserve water. By that rapid and responsible service, and serve the community and the community ys is to manufacture quality parts that can be used for effective irrigation effort, the company hopes to satisfy its customers, provide represent them in each considering new ideas to help the employees who The company has been growing rapidly, so management is company continue its growth and maintain the high quality of its products Waterways CEO). Working with him from the Will's brother and ideas about the installation of Ben is the vice president who oversees all aspects of design and production in the company was founded by Wil Winkman who is the company president and chief executive officer company's inception was Will's brother, Ben, whose sprinkler designs proper systems have been a major basis of the company's success The factory itself is managed by Todd Senter who hires his line manag ers to supervise the factory employees. The factory makes all of the parts for the irrigation systems. The purchasing department is managed by Hector Hines The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the home office under Henry Writer's direction because of the uniqueness of the company's products There is a small Human Resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork, though hiring is actually performed by the separate departments Sam Totter is the vice president who heads the sales and marketing area; he oversees 10 well-trained The accounting and finance division of the company is headed by Abe Headman, who is the chief financial officer (CFO) and a company vice president; he is a member of the Institute of Management Accountants and holds a certificate in management accounting. He has a small staff of Certified Public Accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the financial records A partial list of Waterways' accounts and their balances for the month of November 2012 follows Accounts Receivable Advertising Expenses Cash De Depreciation-Office Equipment Direct Labor Factory Supplies Used Factory Utilities Finished Goods Inventory, November 30 Finished Goods Inventory, October 31 Indirect Labor Office Supplies Expense Other Administrative Expenses Prepaid Expenses Raw Materials Inventory, November 30 Raw Materials Inventory, October 31 Raw Materials Purchases Rent-Factory Equipment Repairs-Factory Equipment $ 275,000 54,000 260,000 16,800 2.400 42,000 16,800 10,200 68,800 72,550 48,000 1,600 72,000 41,250 52,700 38.000 184,500 47,000 4,500 actory Equipment Sales Sales Commissions Work In Process Inventory October 31 1.350,000 40,500 52,700 42,000 Work In Process Inventory, November 30
Explanation / Answer
JOB COST SHEET Job Number J57 Quantity 237 units Date requested Dec2 Date completed Dec15, 2012 Item : Special order part Date Direct Material Direct labor Manufacturing overhead Hours Rate Amount $5,061 2-Dec $ 3,374 Machine hour rate= (840576/2112)= $ 398 ((2/3)*6*16.50) 3-Dec $66 2.5 $398 $995 $1,059 8-Dec $ 706 ((2/3)*6*16.50) 9-Dec $66 3 $398 $1,194 $3,459 14-Dec $ 2,306 ((2/3)*6*16.50) 15-Dec $66 3 $398 $1,194 Cost Summary Direct material $ 6,386 Direct labor $198 Manufacturing overhead $3,383 Total cost $ 9,967 Unit Cost $ 42.05 (9967/237) JOB COST SHEET Job Number K52 Quantity 142 units Date requested Dec2 Date completed Dec15, 2012 Item : Special order part Date Direct Material Direct labor Manufacturing overhead Hours Rate Amount $5,061 2-Dec $ 1,687 ((1/3)*6*16.500 3-Dec $ 33 2 $398 $796 $1,059 8-Dec $ 353 ((1/3)*6*16.50) 9-Dec $ 33 2 $398 $796 $3,459 14-Dec $ 1,153 ((1/3)*6*16.50) 15-Dec $ 33 2 $398 $796 Cost Summary Direct material $ 3,193 Direct labor $ 99 Manufacturing overhead $2,388 Total cost $ 5,680 Unit Cost $ 40 (5680/142) GENERAL JOURNAL Date Account Title & explanation Debit Credit 12/1 Raw material inventory $53,200 accounts payable $53,200 (Purchase o raw material on account) 12/2 Work in process inventory $5,061 Raw material inventory $5,061 (To assign materials to jobsJ57&k52) 12/2 Work in process inventory $40,000 Maunfacturing overhead $3,000 Raw material inventory $43,000 (To assignmaterials tojobs & overhead) 12/3 Work in process $99 Factory labor $99 (To assign labor to jobs J57 & K52) 12/3 Work in process $ 1,791 Manufacturing overhead $ 1,791 (to assign overhead tojobs J57 & K52) 12/8 work in process $1,059 Raw materials inventory $1,059 (To assign materials to jobs J57&K52) 12/9 Work in process $99 Factory labor $99 (To assign labor to jobs J57 & K52) 12/9 Work in process $1,990 Manufacturing overhead (to assign overhead tojobs J57 & K52) $1,990 12/12 Factory labor $65,000 Cash $65,000 (To record factory labor cost & payment) 12/13 Manufacturing overhead $9,000 cash $9,000 (To record payment of factory water bill) 12/14 work in process $3,459 Raw materials inventory $3,459 (To assign materials to jobs J57&K52) 12/15 Work in process $99 Factory labor $99 (To assign labor to jobs J57 & K52) 12/15 Work in process $1,990 Manufacturing overhead $1,990 (to assign overhead tojobs J57 & K52) 12/15 Finished goods inventory $ 15,647 Work in process $ 15,647 (To record completion of jobs J57 & K52) 12/18 Finished goods inventory $50,000 Work in process $50,000 (To record completion of jobs ) 12/21 Manufacturing overhead $12,000 cash $12,000 (To record payment of factory electricity bill) 12/31 Manufacturing overhead $36,800 Property taxes payable $12,000 Prepaid insurance $8,800 Accumulated depreciation $16,000 (To record overhead costs) 12/31 Cost of goods sold $3,600 Manufacturing overhead $3,600 (To transfer underapplied overhead to cost of goods sold)
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.