Chapter 16-17

Week Three E16-17 Req. 1 Fido Grooming Income Statement Month of April Wages 3,900. 00 Grooming Supplies write off 1,625. 00 building Rent depreciate 1,300. 00 Utilities 325. 00 Depreciation on Equipment 130. 00 join in operation(p) Expense 7,280. 00 Income for April 16,300. 00 kale Operating Income = Income Operating ExpenseNOI= 16,300. 00 7280. 00NOI = 9,020. 00 Req. 2 Unit exist Per process = Total Service constitute/Total Number of Services Provided UCPS = 7,280. 00 / 650 UCPS = 11. 20 Unit cost to groom one dog = $11. 20 P 16-25A Req. 1 Fido TreatsSchedule of Cost of Goods Manufactured Year Ended declination 31, 2012 Beginning Work in Process enrolment 13,400. 00 Direct Materials use Beginning Direct Materials arsenal - - Purchases of Direct Materials (Including Freight In) 33,000. 00 - Available for usance 33,000. 00 Ending Direct Materials line 2,000. 00 Direct Materials Used 31,000. 00 Direct craunch 22,000. 00 Manufacturing Overhead Indi rect Materials 1,700. 00 Indirect Labor 800. 00 Depreciation fix and Equipment - Plant Utilities, Insurance, and Property Taxes 1,600. 00 Total Manufacturing Overhead 4,100. 00 Total Manufacturing Costs Incurred During the Year 57,100. 00 Total Manufacturing Costs to Account For 70,500. 00 Ending Work in Process arsenal (2,000. 00) Costs of Goods Manufactured 68,500. 00 Req. 2 Fido Treats Income Statement Year Ended declination 31, 2012 Sales Revenue 109,000. 00 Less Sales Returns and Allowances - Less Sales Discounts - - Net Sales Revenue 109,000. 00Cost of Goods exchange Beginning complete Goods Inventory - Cost of Goods Manufactured 68,500. 00 Cost of Goods Available for Sale 68,500. 00 Ending Finished Goods Inventory 5,300. 00 Cost of Goods Sold 82,600. 00 Gross Profit 26,400. 00 Operating Expense Wage Expense 5,000. 00 Rent Expense 13,000. 00 Hotline Expense 1,400. 00 Total Operating Expense 19,400. 00 Operating Income 7,000. 00 Net I ncome 7,000. 00 P 17-26A Req. 1 Job Cost Record JOB NO. 423CUSTOMER NAME Lu Technology, Co.JOB DESCRIPTION 5,900 DVDs interpret PROMISED 4-5 DATE STARTED 4-2 DATE COMPLETED 4-3 DATE DIRECT MATERIALS DIRECT crunch MANUFACTURING OVERHEAD ALLOCATED REQUISITION NO. AMOUNT LABOR TIME commemorate NO. AMOUNT DATE RATE AMOUNT 4 2 64 341. 00 10 140. 00 4-3 125% Of Direct Labor Cost 500. 00 4 2 64 675. 00 4 3 74 126. 00 20 260. 00 boilersuit Cost Summary Direct materials 1,142. 00 Direct labor 400. 00 Manufacturing overhead allocated 500. 00 Totals 1,142. 0 400. 00 Total Job Cost 2,042. 00 Cost per DVD 0. 35 Req. 2 Journal Entry DATE ACCOUNTS AND EXPLANATIONS POST. REF. DEBIT assign Apr 2 Materials Inventory command 63 Polycarbonate Plastic 341. 00 Accounts Payable 341. 00 2 Materials Inventory command 64 Acrylic Plastic 675. 00 Accounts Payable 675. 00 3 Materials Inventory Requisition 74 Refined Aluminum 126. 00 Acco unts Payable 126. 00 Materials Inventory Movie bill 2,950. 00 Accounts Payable 2,950. 00 Req. 3 Journal Entry DATE ACCOUNTS AND EXPLANATIONS POST. REF. DEBIT CREDIT Apr 3 Finished Goods Inventory 5,900. 00 Work In Process Inventory 5,900. 00 3 Accounts Receivable 7,670. 00 Sales Revenue 7,670. 00 3 Cost of Goods Sold 5,900. 00 Finished Goods Inventory 5,900. 00 P 17A-11A Req. 1 Compute the number of kindred units and the cost per equivalent unit in the fictionalisation Department for November. Amy Electronics * tantamount(predicate) Units Assembly Department * Month Ended November 30 * * * * Step 2 Equivalent Units * Whole Units * Direct Materials * Conversion Costs * * * * * * * * * * * * * * * * Req. 1 Amy Electronics Cost per Equivalent Unit Assembly Department Month Ended November 30 * * * * * * * * * * * * * * * * * * * Req. 2Assign total costs i n the Assembly Department to (a) units completed and transferred to programming during November and (b) units still in process at November 30. * Amy Electronics * Assignment of Cost Assembly Department * Month Ended November 30 * * * * * * * * * Req. 3 Prepare a T-account for Work in process inventoryAssembly to show its occupation during November, including the November 30 balance. Work in process inventory- Assembly * * * * * * * * * * * * * * * *