Question 10 . Ch 3 Homework - X Course Hero x New Tab x | + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaCloseWindow.... ? * Ch 3 Homework i Saved Help Save & Exit Submit Check my work 10 Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,800,000 in manufacturing overhead cost at an activity level of 240,000 machine-hours. The company spent the entire month of January working on a large order for 16,000 custom-made machined parts. The company had 10 points no work in process at the beginning of January. Cost data relating to January follow: eBook a. Raw materials purchased on account, $325,000. b. Raw materials used in production, $290,000 (80% direct materials and 20% indirect materials). Print c. Labor cost accrued in the factory, $180,000 (one-third direct labor and two-thirds indirect labor). ' d. Depreciation recorded on factory equipment, $75,000. References e. Other manufacturing overhead costs incurred on account, $62,000. f. Manufacturing overhead cost was applied to production on the basis of 15,000 machine-hours actually worked during the month. J. The completed job for 16,000 custom-made machined parts was moved into the finished goods warehouse on January 31 to await delivery to the customer. (In computing the dollar amount for this entry, remember that the cost of a completed job consists of dir materials, direct labor, and applied overhead.) Required: 1. Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment]. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T- accounts. 3. Prepare a journal entry for item (g) above. 4. If 10,000 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 GISW Q Search Partly sunny F11 PrtSc Insert Delete C FS F7 F9 Backspace Nur 6 9 Q W E U O 14 S D F G H K EnterQuestion 10 - Ch 3 Homework - Course Hero x | New Tab * + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaCloseWindow.... I * Ch 3 Homework i Saved Help Save & Exit Submit Check my work 10 Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment]. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 10 points View transaction list eBook Journal entry worksheet Print References 1 2 3 6 Raw materials purchased on account, $325,000. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaCloseWin Ch 3 Homework i Saved Help Save & 10 3. Prepare a journal entry for item (9) above. 4. If 10,000 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? 10 Complete the question by entering your answers in the tabs below. points eBook Required 1 Required 2 Required 3 Required 4 Print Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T- accounts. References Manufacturing Overhead Work in Process End. Bal. End. Bal. MC C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaCloseWin Ch 3 Homework i Saved Help Save & 10 materials, direct labor, and applied overhead.) Required: 10 . Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment]. points 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T- accounts. 3. Prepare a journal entry for item (g) above. eBook 4. If 10,000 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? Print References Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If 10,000 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? Portion of job cost included in cost of goods sold Grav