Business
Business, 10.03.2020 03:13, tcarston1728

Job costing, journal entries. Donald Transport assembles prestige manufac! Transport assembles prestige manufactured homes. Its job- costing system has two direct-cost categories (direct materials and al O direct-COSt categories (direct materials and direct manufacturing labor) and one Indirect-cost pool (manufacturing overhead allocated at a budgeted $31 per machine-hour in 2011." following data (in millions) show operation costs for 2017: Materials Control, beginning balance, January 1, 2017. igas bolisie od bloow yli $ 18 Work-in-Process Control, beginning balance, January 1, 2017 taolis Finished Goods Control, beginning balance, January 1, 2017 bonusoslanen boop 1003 Materials and supplies purchased on credit 154 154 Direct materials used olismus enoted abou 1520 1520 Indirect materials (supplies) issued to various production departments 19 Direct manufacturing labor 96 Indirect manufacturing labor incurred by various production departments 34 Depreciation on plant and manufacturing equipment Miscellaneous manufacturing overhead incurred (ordinarily would be detailed as repairs, utilities, etc., with a corresponding credit to various liability accounts) Manufacturing overhead allocated, 3,000,000 actual machine-hours Cost of goods manufactured as savo nuou o 10 298 Revenues baino dominios 410 Cost of goods sold outolusi. blo alboa o leoninails olnuose 294 13 1. Prepare an overview diagram of Donald Transport's job-costing system. 2. Prepare journal entries. Number your entries. Explanations for each entry may be omitted. Post to T-accounts. What is the ending balance of Work-in-Process Control? 3. Show the journal entry for disposing of under- or overallocated manufacturing overhead directly as a year-end writeoff to Cost of Goods Sold. Post the entry to T-accounts. 4. How did Donald Transport perform in 2017?

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