Moreno Manufacturing Corporation was started with the issuance of common stock for $55,000. It purchased $8,000 of raw materials and worked on three job orders during 2015 for which data follow. (Assume that all transactions are for cash unless otherwise indicated.) Direct Raw Materials Direct Used Labor $ 1,400 2,100 3,400 $2,000 3,900 1,800 Job 1 Job 2 Job 3 $ 7,700 $6,900 Total Factory overhead is applied using a predetermined overhead rate of $0.50 per direct labor dollar. Jobs 2 and 3 were completed during the period and Job 3 was sold for $10,600 cash. Moreno paid $500 for selling and administrative expenses. Actual factory overhead was $4,350. Required: a.b.&c. Record the preceding events and the closing entry for over- or underapplied manufacturing overhead in the horizontal statements model. Reconcile all subsidiary accounts with their respective control accounts. (Enter costs of each job individually. Enter any decreases to account balances with a minus sign.) Assets Equity Finished Common Retained Earnings Manufacturing Raw Overhead Material Work In Net Income Cash Revenue-Expense = Process Goods Stock 0+| 이에 이크 55,000 + 이 이ㅋ 55,000|+

For the year ended December 31 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units:   Original cost accumulation:Direct materials      P800,000Direct labor              500,000Manufacturing         125,000   Direct costs of reworking 200 units Direct materials       P320,000Direct labor                200.000What is the cost per unit of Job number 007 if the rework costs were attributed to internal failure?

Monty Corporation has the following cost records for June 2022. Indirect factory labor $4,500 Factory utilities $390 Direct materials used 19,600 Depreciation, factory equipment 1,370 Work in process, 6/1/22 2,940 Direct labor 39,200 Work in process, 6/30/22 3,720 Maintenance, factory equipment 1,760 Finished goods, 6/1/22 Finished goods, 6/30/22 4,900 Indirect materials 2,250 7,350 Factory manager's salary 2,940 (a) Prepare a cost of goods manufactured schedule for June 2022. MONTY CORPORATION Cost of Goods Manufactured Schedule For the Month Ended June 30, 2022 > > > $ $ $ $

At the end of 2018, Furry Balls Co. had the following account balances after factory overhead had been closed to manufacturing overhead control: Manufacturing overhead control, PP20,000 dr. Cost of goods sold, P384,000 dr. Finished goods, P96,000 dr. Work in process, P160,000 dr. Raw materials, P160,000 dr. Case 1: any under- or over- applied overhead is considered material. What is the adjusted balance of finished goods inventory after disposing the under-or over-applied overhead?

What is the cost per unit of Job number 007 if the rework costs were attributable to the exacting specifications?

What is the total manufacturing cost charged to work in process during 2018 Calculate the cost of finished goods manufactured during 2018 Calculate cost of goods sold for 2018

Selected data for Lemon Grass Company for 2015 is provided below:   Factory Utilities $ 1,500 Indirect Materials Used 37,500 Direct Materials Used 300,000 Property Taxes on Factory Building 6,900 Sales Commissions 85,000 Indirect Labor Incurred 25,000 Direct Labor Incurred 150,000 Depreciation on Factory Equipment 6,500   What is the total factory overhead? A) $450,000 B) $612,000 C) $77,400 D) $62,400

Cepeda Corporation has the following cost records for June 2018: + Indirect factory labor $4,500 Factory utilities $400 Direct materials used 20,000 Depreciation, factory equipment 1,400 Work in process, 6/1/18 3,000 Direct labor 40,000 Work in process, 6/30/18 3,800 Maintenance, factory equipment 1,800 Finished goods, 6/1/18 5,000 Indirect materials 2,200 Finished goods, 6/30/18 7,500 Factory manager's salary 3,000 Instructions a. Prepare a cost of goods manufactured schedule for June 2018. b. Prepare an income statement through gross profit for June 2018 assuming sales revenue is $92,100.

Zachary Manufacturing Corporation was started with the issuance of common stock for $70,000. It purchased $7,600 of raw materials and worked on three job orders during Year 1 for which data follow. (Assume that all transactions are for cash unless otherwise indicated.)    Direct Raw Materials Used Direct Labor Job 1   $ 1,100     $ 2,100   Job 2     2,000       3,700   Job 3     3,400       2,100   Total   $ 6,500     $ 7,900     Factory overhead is applied using a predetermined overhead rate of $0.70 per direct labor dollar. Jobs 2 and 3 were completed during the period and Job 3 was sold for $11,070 cash. Zachary paid $700 for selling and administrative expenses. Actual factory overhead was $6,130.  Required a. Record the preceding events in a horizontal statements model. The first event for Year 1 has been recorded as an example.

Widmer Watercraft's predetermined overhead rate for year 2013 is 200% of direct labor. Information on the company's production activities during May 2013 follows. a. Purchased raw materials on credit, $ 220,000, b. Paid $128,500 cash for factory wages, c. Paid $15, 250 cash to a computer consultant to reprogram factory equipment. d. Materials requisitions record use of the following materials for the month. Job 136 $ 49,000 Job 137 32,500 Job 138 19,400 Job 139 23,200 Job 140 6,400 Total direct materials 130,500 Indirect materials 21,000 Total materials used $151,500 e. Time tickets record use of the following labor for the month, Job 136 $ 12,100 Job 137 10,500 Job 138 37,700 Job 139 39,600 Job 140 3,400 Total direct labor 103,300 Indirect labor 25, 500 Total $ 128,800 f. Applied overhead to Jobs 136, 138, and 139. g Transferred Jobs 136, 138, and 139 to Finished Goods. h. Sold Jobs 136 and 138 on credit at a total price of 5540,000. i. The company incurred the following overhead…