Question 9

Part 1:

Part 2:

Part 3:

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A materials requisition slip showed that direct materials requested were $46000 and indirect materials requested were $12000. The entry to record the transfer of materials from the storeroom is 46000 Work In Process Inventory Raw Materials Inventory 46000 58000 Manufacturing Overhead Raw Materials Inventory 58000 46000 12000 Work In Process Inventory Manufacturing Overhead Raw Materials Inventory 58000 46000 12000 Direct Materials Indirect Materials Work in Process Inventory 58000 Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $5000000; and assembling. $2500000. Information on the two products is: Direct labor hours Machine hours Number of parts Regular Supreme 10000 15000 10000 30000 90000 160000 Overhead applied to Regular using activity-based costing is $2150000 $3000000 $5350000 54500000 The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied. $210000; units produced, 4000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $125000 $532500. $710000. $177500