Student Name:
Class:
Post
Date Ref Debit Credit
2013
April 31 82,000
82,000
31 75,000
5,000
80,000
31 40,000
40,000
Finished Goods Inventory
Finished Goods Inventory
Cost of Goods Sold
Cost of goods sold for April
Sales
Sales on credit for April
Accounts Receivable
Cost of jobs completed during month
Work in Process Inventory
5,000$
2,000
28,000
35,000$
40,000
Salaries and Wages Payable
Medicare Tax Payable
Employee Income Tax Payable
Accounts Payable
Work in Process Inventory (Direct Labor)
Manufacturing Overhead (Indirect Labor)
Social Security Tax Payable
Cost of direct and indirect labor for month
Manufacturing Overhead
(5,000)$
Total Charged to Manufacturing Overhead
Other Overhead Costs
Month Ended April 30, 2013
Manufacturing Overhead Computations
Manufacturing Overhead Applied
Indirect Labor
Indirect Materials
Manufacturing Overhead
Overapplied Overhead for Month
GENERAL JOURNAL
Manufacturing Overhead Applied
Overhead costs incurred during month
Work in Process Inventory
Description
Apply overhead at 80% of direct labor costs
Cost of direct and indirect materials issued in April
Cost of materials purchased in April
Problem 27.01A
McGraw-Hill/Irwin
Instructor
Raw Materials Inventory
Raw Materials Inventory
Accounts Payable
Work in Process Inventory
Manufacturing Overhead
NoCal TRAILERS CO.
250,000$
120,000$
5,000
115,000
135,000$
Correct!
Month Ended April 30, 2013
Cost of Goods Sold (Adjusted to actual)
Gross Profit on Sales
Sales
Cost of Goods Sold
Subtract Overapplied Overhead
NoCal TRAILERS CO.
overhead costs to be applied to jobs in production
Finished goods transferred from production to warehouse
Sales for the month
Cost of goods sold
March, 2013
Indirect materials
Direct materials
Raw materials used:
Raw materials purchased
Given Data P27.01A
Percent of direct labor costs used to estimate manufacturing
Other overhead costs
Federal income tax deductions
Medicare tax deductions
Social Security tax deductions
Indirect labor
Direct labor
Factor wages incurred:
Cost Data
Student Name:
Class:
Job No.
Date
Started
Completed
Quantity:
Ordered
Completed
Amount Amount Date Rate Amount
2,000 1,000 01/02/13 50% 500 Materials 2,500
500 500 01/19/13 50% 250 Labor 1,500
Overhead 750
Total 4,750
Unit Cost 950
Comments: Correct!
2,500 1,500 750
Correct! Correct! Correct!
Job No.
Date
Started
Completed
Quantity:
Ordered
Completed
Amount Amount Date Rate Amount
4,000 2,000 01/31/13 50% 1,000 Materials 4,000
Labor 2,000
Overhead 1,000
Total 7,000
Unit Cost 875
Comments: Correct!
4,000 2,000 1,000
Correct! Correct! Correct!
Job No.
Date
Started
Completed
Quantity:
Ordered
Completed
Amount Amount Date Rate Amount
4,000 3,000 01/31/13 50% 1,500 Materials 4,000
Labor 3,000
Overhead 1,500
Total 8,500
Unit Cost 1,700
Comments: Correct!
4,000 3,000 1,500
Correct! Correct! Correct!
Totals
Date
Date
Item
01/31/13
01/31/13
5
0
OVERHEAD
MATERIAL
LABOR
APPLIED
SUMMARY
Address
January 5, 2013
Item
Kitchen Std Wall Unit
Totals
JOB ORDER COST SHEET
For Stock
XXX
J02
Customer’s Name
January 5, 2013
Item
01/31/13
01/31/13
8
0
OVERHEAD
MATERIAL
LABOR
APPLIED
SUMMARY
J01
January 5, 2013
Address
January 5, 2013
Kitchen Std
JOB ORDER COST SHEET
Deliver 1/19/13
January 19, 2013
JOB ORDER COST SHEET
5
5
D42
December 21, 2012
Item
Address
Customer’s Name
Item
SUMMARY
MATERIAL
Date
LABOR
Date
Totals
Customer’s Name
Luxury Cabinets
Item
For Stock
Date
Date
01/19/13
01/19/13
01/02/13
For Stock
X10 Cabinets
Dallas Apartment Corporation
APPLIED
OVERHEAD
Problem 27.02A
McGraw-Hill/Irwin
Instructor
01/02/13
Date Debit Credit
2013
Jan 31 4,750
4,750
31 250
250
3,000$
250$
1,000
1,500
2,750
250$
Correct!
Underapplied Overhead for Month
Job No. D42
Job No. J02
Total Charged to Jobs
Manufacturing Overhead Computations
Month Ended January 31, 2013
Total Charged to Manufacturing Overhead
Manufacturing Overhead Applied
Work in Process Inventory
Cost of Goods Sold
Manufacturing Overhead
THE CHERRY COMPANY
Underapplied overhead costs
Job No. J01
Cost of job completed during the month
THE CHERRY COMPANY
GENERAL JOURNAL
Description
Finished Goods Inventory
D42
Dallas Apartment Corporation
December 21, 2012
$2,000
$1,000
$500
Materials Labor Overhead Quantity
Job D42 500$ 500$ 250$ 5
Job J01 4,000 2,000 1,000 8
Job J02 4,000 3,000 1,500 5
50% of direct labor costs
3,000$
January 19, 2013
9,000$
Manufacturing overhead rate
Actual manufacturing overhead costs in January
Job D42 sales price
Job D42 completion date
Overhead
Customer
Stock
Luxury Cabinets
Dallas Apartment Corporation
Costs incurred during January 2013:
Given Data P27.02A
Labor
Materials
Costs accumulated to date:
Customer
Job No.
Date job begun
THE CHERRY COMPANY
Job in progress on January 1, 2013: