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An asterisk (*) will appear to the right of an incorrect entry.
1. 2.
Debit Credit
a.
Bal. Bal.
b.
3. Schedule of unfinished jobs:
Direct Direct Factory
c. Materials Labor Overhead Total
No. 304
No. 306
d. Balance of Work in
Process, January 30
e.
4. Schedule of completed jobs:
f.
Direct Direct Factory
Materials Labor Overhead Total
Computation of cost of jobs finished: Finished Goods,
Direct Factory
Job Materials Direct Labor Overhead Total
No. 301
No. 302
No. 303
No. 305
Total
g.
Computation of cost of jobs sold:
Job Total
No. 301
No. 302
No. 303
Total
Work in Process
Finished Goods
Description
Job
Job
January 30 (Job 305)
Problem 17(2)-2A
Name:
Section:
0%
Score:
Key Code:
Instructions
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JOURNAL
[Key code here]
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1. 2.
Debit Credit (b) 49,780 (f) 34,804 (f) 34,804 (g) 22,294
(e) 12,312
a. 29,800
29,800 Bal. 27,288 Bal. 12,510
b. 49,780
5,180
12,312
4. Schedule of completed jobs:
f. 34,804
34,804 Direct Direct Factory
Materials Labor Overhead Total
Computation of cost of jobs finished: Finished Goods,
Direct Factory 5,100$ 5,250$ 2,160$ 12,510$
Job Materials Direct Labor Overhead Total
No. 301 2,960$ 2,775$ 1,350$ 7,085$
No. 302 3,620 3,750 1,944 9,314
g. 34,450
34,450
Accounts Receivable
Sales
Work in Process
Job
January 30 (Job 305)
Factory Overhead
Finished Goods
Work in Process
Finished Goods
Description
Materials
Problem 17(2)-2A
Name:
Solution
Section:
ON
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Instructions
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JOURNAL
Accounts Payable
Work in Process
Factory Overhead
An asterisk (*) will appear to the right of an incorrect entry.
1. 2.
Debit Credit
a.
Bal. Bal.
b.
3. Schedule of unfinished jobs:
Direct Direct Factory
c. Materials Labor Overhead Total
No. 104
No. 106
d. Balance of Work in
Process, April 30
e.
4. Schedule of completed jobs:
f.
Direct Direct Factory
Materials Labor Overhead Total
Computation of cost of jobs finished: Finished Goods,
Direct Factory
Job Materials Direct Labor Overhead Total
No. 101
No. 102
No. 103
No. 105
Total
g.
Computation of cost of jobs sold:
Job Total
No. 101
No. 102
No. 105
Total
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0%
Score:
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JOURNAL
Problem 17(2)-2B
Name:
Section:
Work in Process
Finished Goods
Description
Job
Job
April 30 (Job 103)
An asterisk (*) will appear to the right of an incorrect entry.
1. 2.
Debit Credit (b) 262,490 (f) 175,090 (f) 175,090 (g) 142,610
(e) 40,480
e. 40,480
40,480
4. Schedule of completed jobs:
f. 175,090
175,090 Direct Direct Factory
Materials Labor Overhead Total
Computation of finished jobs finished: Finished Goods,
Direct Factory 13,440$ 14,000$ 5,040$ 32,480$
Job Materials Direct Labor Overhead Total
Computation of cost of jobs finished:
Job Total
No. 101 44,980$
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JOURNAL
ON
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Instructions
Work in Process
Work in Process
Problem 17(2)-2B
Name:
Solution
Section:
Finished Goods
Description
Work in Process
Job
April 30 (Job 103)
Factory Overhead
Finished Goods
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1. and 2.
Customer Date
Address Date Wanted
Date Completed
Item Job No.
Amount Amount Amount
meters at hours at
Total
Amount Amount Amount
112 meters hours
at at
114 meters hours
at at
Comments:
Score:
Key Code:
Instructions
Problem 17(2)-3A
Name:
Section:
0%
Jackson Consulting
220 Apple Lane
[Key code here]
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JOB ORDER COST SHEET
Oct. 1, 2016
Oct. 10, 2016
Cupertino, CA
carpet and installation
Oct. 10, 2016
563
Direct Materials
ESTIMATE
Direct Labor
Summary
Direct materials
Direct labor
Factory overhead
Total
Total
Total
[Key essay answer here]
Mat. Req. No.
Description
Ticket No.
Description
Item
H11
Factory overhead
Total
Total
Direct Materials
ACTUAL
Direct Labor
H10
Direct materials
Direct labor
Summary
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1. and 2.
Customer Date
Address Date Wanted
Date Completed
Item Job No.
Amount Amount Amount
200 meters at $35 7,000.00 16 hours at $20 320.00 7,000.00
Amount Amount Amount
112 140 meters 10 hours 7,280.00
at $35 4,900.00 at $20 200.00 400.00
Comments:
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JOB ORDER COST SHEET
ON
Score:
Problem 17(2)-3A
Name:
Solution
Section:
Instructions
Direct materials
ACTUAL
Description
Description
Item
Mat. Req. No.
Cells with non-gray backgrounds are protected and cannot be edited.
ESTIMATE
Direct Labor
Summary
Direct Materials
H10
Direct Materials
Oct. 1, 2016
Oct. 10, 2016
Oct. 10, 2016
563
Jackson Consulting
220 Apple Lane
Cupertino, CA
carpet and installation
Ticket No.
Direct labor
Summary
Direct materials
Direct Labor
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1. and 2.
Customer Date
Address Date Wanted
Date Completed
Item Job No.
Amount Amount Amount
meters at hours at
Total
Amount Amount Amount
132 meters hours
at at
134 meters hours
at at
Comments:
Score:
Key Code:
Instructions
Problem 17(2)-3B
Name:
Section:
0%
Lunden Consulting
160 Soda Alley
[Key code here]
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JOB ORDER COST SHEET
May 9, 2016
May 15, 2016
Purchase, NY
Carpet and installation
May 15, 2016
999
Direct Materials
ESTIMATE
Direct Labor
Summary
Total
Total
Total
Direct labor
Factory overhead
[Key essay answer here]
Mat. Req. No.
Description
Ticket No.
Description
Item
H12
Factory overhead
Total
Direct Materials
Direct Labor
H9
Summary
Direct materials
Direct labor
Direct materials
ACTUAL
Total
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1. and 2.
Customer Date
Address Date Wanted
Date Completed
Item Job No.
Amount Amount Amount
400 meters at $32 12,800.00 30 hours at $20 600.00 12,800.00
Amount Amount Amount
Comments:
May 9, 2016
May 15, 2016
May 15, 2016
999
ON
Score:
ESTIMATE
Direct Labor
Summary
Direct Materials
JOB ORDER COST SHEET
160 Soda Alley
Purchase, NY
Carpet and installation
Instructions
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Direct materials
Problem 17(2)-3B
Name:
Solution
Section:
Lunden Consulting
Description
Description
Item
Direct Labor
ACTUAL
Mat. Req. No.
Ticket No.
Summary
Direct Materials
The direct materials cost exceeded the estimate by $320 because 10 meters of materials were spoiled. The direct labor cost exceeded the estimate
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1. Supporting calculations:
June 1 Cost of
Work in Direct Direct Factory Total Unit Units Goods
Job. No. Quantity Process Materials Labor Overhead Cost Cost Sold Sold
No. 201 550 55,000$ 41,250$
No. 202 1,100 93,500 71,500
No. 203 550 38,500 22,000
No. 204 660 82,500 69,300
No. 205 480 60,000 48,000
No. 206 380 22,000 12,400
Total 3,720 351,500$ 264,450$
A. Materials requisitions
B. Work in process, June 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.
June 30 balances:
Materials
Work in Process
Finished Goods
Factory Overhead
0%
Problem 17(2)-4A
Name:
Section:
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1. Supporting calculations:
June 1 Cost of
Work in Direct Direct Factory Total Unit Units Goods
Job. No. Quantity Process Materials Labor Overhead Cost Cost Sold Sold
No. 201 550 16,500$ 55,000$ 41,250$ 57,750$ 170,500$ $310.00 440 136,400$
No. 202 1,100 44,000 93,500 71,500 100,100 309,100 $281.00 880 247,280
A. Materials requisitions 395,500$
B. Work in process, June 1 60,500$
C. Work in process materials 351,500$
2.
June 30 balances:
Materials 17,000$ Debit
Work in Process 143,060$ Debit
Problem 17(2)-4A
Name:
Solution
Section:
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ON
Score:
Instructions
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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 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
Name:
Section:
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