Yellen Fürnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materia ledger are as follows: Fabric $25,000 Polyester filling 7,500 Lumber 56,000 Glue 2,400 The materials purchased during June are summarized from the receiving reports as follows: Fabric $126,300 Polyester filling 175,600 Lumber 346,100 Glue 12,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $46,700 $58,800 $157,400 $262,900 Job 602 36,000 64,000 137,800 237,800 Job 603 33,200 43,400 76,600 153,200 Factory overhead-indirect materials $6,100 6,100 Total $115,900 $166,200 $371,800 $6,100 $660,000 The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
Yellen Fürnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materia ledger are as follows: Fabric $25,000 Polyester filling 7,500 Lumber 56,000 Glue 2,400 The materials purchased during June are summarized from the receiving reports as follows: Fabric $126,300 Polyester filling 175,600 Lumber 346,100 Glue 12,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $46,700 $58,800 $157,400 $262,900 Job 602 36,000 64,000 137,800 237,800 Job 603 33,200 43,400 76,600 153,200 Factory overhead-indirect materials $6,100 6,100 Total $115,900 $166,200 $371,800 $6,100 $660,000 The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 5E: Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job...
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