Accounting Chapter 17 Homework The budget must flex with the volume

subject Type Homework Help
subject Pages 2
subject Words 296
subject Authors Carl S. Warren, James M. Reeve, Jonathan Duchac

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1. Supporting calculations:
May 1 Cost of
Work in Direct Direct Factory Total Unit Units Goods
Job. No. Style Quantity Process Materials Labor Overhead Cost Cost Sold Sold
No. 101 AF1 330 82,500$ 59,400$
No. 102 AF3 380 105,400 72,600
No. 103 AF2 500 132,000 110,000
No. 104 VY1 400 66,000 39,600
No. 105 VY2 660 118,800 66,000
No. 106 AF4 330 66,000 30,800
Total 2,600 570,700$ 378,400$
A. Materials requisitions
B. Work in process, May 1
C. Work in process materials
D. Work in process direct labor
E. Work in process factory overhead applied
F. Work in process completed jobs transferred out
G. Cost of goods sold
H. Indirect labor included in factory overhead
2.
May 31 balances:
Materials
Work in Process
Finished Goods
Factory Overhead
0%
Problem 17(2)-4B
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page-pf2
An asterisk (*) will appear to the right of an incorrect entry.
Enter a zero in cells you would otherwise leave blank.
1. Supporting calculations:
May 1 Cost of
Work in Direct Direct Factory Total Unit Units Goods
Job. No. Style Quantity Process Materials Labor Overhead Cost Cost Sold Sold
No. 101 AF1 330 26,400$ 82,500$ 59,400$ 29,700$ 198,000$ $600.00 264 158,400$
Problem 17(2)-4B
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Instructions
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ON
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