Question: please help with job sheets 1 & 2 the pohr is 55.00 You work for Thunderduck Custom Tables Inc. This is the first month of

please help with job sheets 1 & 2  please help with job sheets 1 & 2 the pohr is
55.00 You work for Thunderduck Custom Tables Inc. This is the first
month of operations. The company designs and manufactures specialty tables. Each table
is specially customized for the customer. This month, you have been asked
the pohr is 55.00

You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. The company does not have indirect materials. You will be keeping track of the costs incurred to manufacture the tables using Job #1 Cost Sheet and Job #2 Cost Sheet.

The cost of the direct materials that can be used to manufacture the table are as follows.

Table Top

$2,100

Table legs, quantity 4 ($700 per leg)

$2,800

Drawer

$410

Assume a $65 per hour wage rate to the assembly employees.

The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours.

The company estimates that there will be 120 direct labor hours worked during the month.

The fixed estimated manufacturing overhead costs per month are:

Factory supervisor salary

$3,300

Rent for the factory

$600

Depreciation of factory equipment

$900

Property insurance of factory

$1,800

____________________

Total Estimated manufacturing overhead

$6,600

------------------------------

1

What is the predetermined overhead rate (POHR)?

55.00

Data 2

The first order you received was to manufacture a table using a table top and four legs. This is your Job #1.

Data 3

The customer that has ordered Job #2, wants a table that is the same as Job #1, but wants to also add a drawer to the table.

Step 1

The following 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 Journal" tab of the excel file using the proper format. Please use the following accounts:

Accounts payable

Depreciation expense

Salaries and wages expense

Accounts receivables

Finished goods

Salaries and wages payable

Accumulated depreciation

Insurance expense

Sales revenue

Advertising expense

Manufacturing overhead

Work in process

Cost of goods sold

Raw materials

You work for Thunderduck Custom Tables inc. This is the first month of operations. The company designs and manufactures apecially tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and bulld the tables. The company does not have indirect materials. You will be keeping track of the costs incurred to manufacture the tables using Job \#1 Cost Sheet and Job H2 Cost Shoet. The cost of the direct materials that can be used to manufacture the table are as follows. Assume a $65 per hour wage rate to the assembly employees The company uses a job order costing system and apples manufacturing overhead to jobs based on direct iabor hours. The company estimates that there will be 120 direct labor hours worked during the month. The fixed estimated manufacturing overhead costs per month are: What is the predetermined overhead rate (POHR)? Data 2 The first order you received was to manufacture a table using a table fop and four legs. This is your Jlob il1. Data 3 The customer that has ordered Job 12 , wants a table that is the same as Job \#1, but wants to also add a drawer to the table. Slep 1 The following is a list of transactions that need to be recorded for the company for activily in the month of December. Record those in the "General Joumal" tab of the excel flie using the proper format. Please use the following accounts: wik Conk Sluctet \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Cont Summary } \\ \hline Deret Moteriok & \\ \hline Ginet Labor & \\ \hline Mandacturing Overtead & \\ \hline Total Product Cont & \\ \hline Unit Brodst Cont & \\ \hline & \\ \hline \end{tabular} You work for Thunderduck Custom Tables inc. This is the first month of operations. The company designs and manufactures apecially tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and bulld the tables. The company does not have indirect materials. You will be keeping track of the costs incurred to manufacture the tables using Job \#1 Cost Sheet and Job H2 Cost Shoet. The cost of the direct materials that can be used to manufacture the table are as follows. Assume a $65 per hour wage rate to the assembly employees The company uses a job order costing system and apples manufacturing overhead to jobs based on direct iabor hours. The company estimates that there will be 120 direct labor hours worked during the month. The fixed estimated manufacturing overhead costs per month are: What is the predetermined overhead rate (POHR)? Data 2 The first order you received was to manufacture a table using a table fop and four legs. This is your Jlob il1. Data 3 The customer that has ordered Job 12 , wants a table that is the same as Job \#1, but wants to also add a drawer to the table. Slep 1 The following is a list of transactions that need to be recorded for the company for activily in the month of December. Record those in the "General Joumal" tab of the excel flie using the proper format. Please use the following accounts: wik Conk Sluctet \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Cont Summary } \\ \hline Deret Moteriok & \\ \hline Ginet Labor & \\ \hline Mandacturing Overtead & \\ \hline Total Product Cont & \\ \hline Unit Brodst Cont & \\ \hline & \\ \hline \end{tabular}

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