Telstar uses job order costing. The T$-$accounts below summarize its production activity for the year.

Compute the amount for each of the following.

a$.$ Direct materials used

b$.$ Indirect materials used

c$.$ Direct labor used

d$.$ Indirect labor used

e$.$ Cost of goods manufactured

f$.$ Cost of goods sold $($before closing over$-$ or underapplied overhead$)$

Compute the amount that overhead is overapplied or underapplied.

Complete this question by entering your answers in the tabs below.

Required $1$

Compute the amount for each of the following.

Required $1$

Required $2$

Compute the amount that overhead is overapplied or underapplied.

Transcribed Image Text:

Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Factory Wages Payable Debit Credit Credit 46,900 Work in Process Inventory Debit Credit 26,150 9,900 26,150 87,650 104,584 Required 1 172,220 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Required 2 127,900 Complete this question by entering your answers in the tabs below. Finished Goods Inventory Credit Debit 172,220 155,190 Required 1 Required 2 87,650 42, 150 Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) Required 1 Required 2 > Compute the amount that overhead is overapplied or underapplied. < Required 1 Factory Overhead Debit 9,900 42,150 63,270 Required 2 > Credit 104,584 Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Factory Wages Payable Debit Credit Credit 46,900 Work in Process Inventory Debit Credit 26,150 9,900 26,150 87,650 104,584 Required 1 172,220 1. Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) 2. Compute the amount that overhead is overapplied or underapplied. Required 2 127,900 Complete this question by entering your answers in the tabs below. Finished Goods Inventory Credit Debit 172,220 155,190 Required 1 Required 2 87,650 42, 150 Compute the amount for each of the following. a. Direct materials used b. Indirect materials used c. Direct labor used d. Indirect labor used e. Cost of goods manufactured f. Cost of goods sold (before closing over- or underapplied overhead) Required 1 Required 2 > Compute the amount that overhead is overapplied or underapplied. < Required 1 Factory Overhead Debit 9,900 42,150 63,270 Required 2 > Credit 104,584

Answer rating: 100% (QA)

The image you provided includes Taccount summaries and a request to compute various amounts related to Telstars job order costing By examining the Taccounts we can calculate the following a Direct mat... View the full answer