70.2K

Verified Solution

Link Copied!

please help with journal entries and t-accounts(General Ledger)

the pohr is 55.00

1-Dec Raw materials purchased on aocount, $21,000. 5.Dec All Raw materiale needed for Job 1 were requested from the material storage for use during the month. All materials are direct. (Atler you joumalize this entry please enter the information into Job \#1 Cost Sheet) 10-Dec The following employee costs were incurred but not paid during the month: Direct labor for Job 11 , consisted of 60 hours at a rate of 565 per hour, totaling $3,000. (Afor you joumalize this entry please enter the inlomation into Job 11 Cost Sheet) Salary for aupervisor of the factory $2,800. Administrative Salary $2,000 12-Dec Manufacturing overhead cost was applied based on drect labor hours to Job 11 using the POHR calculated in Question 1. (Aher you journilio this entry please enter the information into Job 11 Cost Sheet) 15-Dec All Raw materiais needed for Job i2 were requested trom the material storage for use during the month. All materials are direct. (Afler you joumalize this entry please enter the information into Job $2 Cost Sheot) 17-Dec Advertising costs inourred but not pald for the month was $1,600. 20-Dec Depreciation for the month of December was recorded on equipment $950 (\$700 for equipment usod in the foclory and 5250 for equipment used in selling and administrative activites) 24-Dec Property insurance incured but not paid $1,850 (\$1,300 for the factory and $550 for celling and administrative oflices). 28-Dec Job af was completed and translered to Finihhed Coods during the month. 20-Dec The compleind table was sold on account to the cuslomet for $26,000 during the month. (Hint Make siare lo account for the cosi of the tabie that was sold using the cost from the job cost thect) 31-Dec Ey the end of the menth, 30 hours of drect labor were incurred at a ruth of 565 per hour, totaling 51,950 to begin production on job 12 . The employees wil be poid next month. Wher you joumatize this entry please enter the information into Job if Cost Sheet) 31-Dec Manulacturing ovechead cost was appled using the direct labor hours from Job 122 and the POHIt calculated in Question 1. (Wher you joumalize this entyy please enter the inloemation into slob 22 Cont Sheel) The fixed estimated manufacturing overhead costs per month are: What is the predetermined overhead rate (POHR)? The first order you rocelved was to manulacture a table using a table top and four legs. This is your Job #1. The customer that has ordered Job t2, wants a table that is the same as Job \#1, but wants to also add a drawer to the table. The folowing is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Joumalt tab of the excel file using the proper format. Please use the following accounts

Answer & Explanation Solved by verified expert

See Answer