Please help answer the following question!

assignment 11 A

problem 1 & 2

CoursHeroTranscribedText

Name Assignment 11A - Problem 1 A manufacturing company uses direct labor hours as the basis for the predetermined manufacturing overhead rate. Amounts for the year are as follows: Transactions that occurred during the first year of operations are as follows: Estimated total manufacturing overhead Estimated total direct labor hours Estimated total machine hours Actual total manufacturing overhead Actual direct labor costs Actual total direct labor hours Actual total machine hours Raw materials purchased Raw materials requisitioned General and administrative expenses Warehouse expenses Over or under applied overhead $500,000 100,000 40,000 $467,000 $805,000 89,405 39,100 $106,000 $92,000 $89,000 $64,000 ? Required: A. Record all transactions for the manufacturing company for the year. Note: Make them in the normal order in which they would occur, not as listed. You can only make journal entries for dollar amounts. B. Calculate the total cost of the products. Answer: A. Record the transactions. 1. Purchased raw materials, $106,000. 2. Used (requisitioned) raw materials to the production line, $92,000. 3. Actual direct labor costs incurred/paid, $805,000.