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Activity 4 Robinson Machine Shop data for producing 40 parts for Job # 10 as follows: • Raw Materials, July 1 1,200 • WIP, July 1 0 • Finished Goods, July 1 0 • Materials and supplies purchased 65,000 • Direct Materials used 4,000 . • Indirect materials used 900 . • Direct Labor 16,000 . Indirect Labor 3,500 • Depreciation and other MOVH . 17,800

Activity 4 Robinson Machine Shop data for producing 40 parts for Job # 10 as follows: • Raw Materials, July 1 1,200 • WIP, July 1 0 • Finished Goods, July 1 0 • Materials and supplies purchased 65,000 • Direct Materials used 4,000 . • Indirect materials used 900 . • Direct Labor 16,000 . Indirect Labor 3,500 • Depreciation and other MOVH . 17,800

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter4: Job-order Costing And Overhead Application
Section: Chapter Questions
Problem 63P: (Appendix 4A) Journal Entries, T-Accounts Lowder Inc. builds custom conveyor systems for warehouses...
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Activity 4 Robinson Machine Shop data for producing 40 parts for Job #10 as follows: • Raw Materials, July 1 1,200 • WIP, July 1 . 0 Finished Goods, July 1 0 • Materials and supplies purchased 65,000 • Direct Materials used 4,000 • Indirect materials used 900 Direct Labor 16,000 • Indirect Labor 3,500 Depreciation and other MOVH 17,800 48 Activity 4 (cont'd) Overhead is applied per direct labor dollars based on budgeted MOHC $600,000 and budgeted direct labor dollars of $480,000; the job was completed and 30 parts were sold. Any under or over applied MOHC is disposed of to COGS. Required: Prepare journal entries Prepare schedule of Cost of Goods Manufactured and Cost of Goods Sold 49 48
Transcribed Image Text:Activity 4 Robinson Machine Shop data for producing 40 parts for Job #10 as follows: • Raw Materials, July 1 1,200 • WIP, July 1 . 0 Finished Goods, July 1 0 • Materials and supplies purchased 65,000 • Direct Materials used 4,000 • Indirect materials used 900 Direct Labor 16,000 • Indirect Labor 3,500 Depreciation and other MOVH 17,800 48 Activity 4 (cont'd) Overhead is applied per direct labor dollars based on budgeted MOHC $600,000 and budgeted direct labor dollars of $480,000; the job was completed and 30 parts were sold. Any under or over applied MOHC is disposed of to COGS. Required: Prepare journal entries Prepare schedule of Cost of Goods Manufactured and Cost of Goods Sold 49 48
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