The gross earnings of factory workers for Wildhorse Company during the month of March are $91,000....

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The gross earnings of factory workers for Wildhorse Company during the month of March are $91,000. The employer's payroll taxes for the factory payroll are $15,000. Of the total accumulated cost of factory labour, 75% is related to direct labour and 25% is attributable to indirect labour. Salaried office employees' monthly pay is based on the skills required and seniority, and averages $7,200 per month, plus the company's share of the required payroll taxes. (a) Prepare the entry to record the factory labour costs for the month of March. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Account Titles and Explanation Debit Credit The ledger of Ivanhoe Company has the following work in process inventory account: Work in Process Inventory-Painting 5/1 Balance $3,570 5/31 5/31 Direct materials 7,340 5/31 Factory labour 2,430 5/31 Manufacturing overhead 1,276 5/31 Balance $? Completed and transferred out $? Production records show that there were 410 units in the beginning inventory, 35% complete, 1,150 units started into production, and 1,150 units completed and transferred out. The beginning work in process inventory had materials costs of $2,020 and conversion costs of $1,550. The units in ending inventory were 40% complete as to conversion costs. Materials are entered at the beginning of the painting process, and conversion costs are incurred uniformly throughout the process. (a) Production records show that there were 410 units in the beginning inventory, 35% complete, 1,150 units started into production, and 1,150 units completed and transferred out. The beginning work in process inventory had materials costs of $2,020 and conversion costs of $1,550. The units in ending inventory were 40% complete as to conversion costs. Materials are entered at the beginning of the painting process, and conversion costs are incurred uniformly throughout the process. (a) How many units are in process at May 31? Work in process inventory eTextbook and Media Current Attempt in Progress Pharoah Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats. Calculate the activity-based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2 decimal places, eg. 15.25.) Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Sizing and cutting $4,397,405 209,900 machine hours Stitching and trimming 1,879,605 81,900 labour hours Wrapping and packing 382,180 38,800 finished units Cost Pool Rate Sizing and cutting per machine hr. Stitching and trimming $ per labour hr. Wrapping and packing $ per unit. The gross earnings of factory workers for Wildhorse Company during the month of March are $91,000. The employer's payroll taxes for the factory payroll are $15,000. Of the total accumulated cost of factory labour, 75% is related to direct labour and 25% is attributable to indirect labour. Salaried office employees' monthly pay is based on the skills required and seniority, and averages $7,200 per month, plus the company's share of the required payroll taxes. (a) Prepare the entry to record the factory labour costs for the month of March. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Account Titles and Explanation Debit Credit The ledger of Ivanhoe Company has the following work in process inventory account: Work in Process Inventory-Painting 5/1 Balance $3,570 5/31 5/31 Direct materials 7,340 5/31 Factory labour 2,430 5/31 Manufacturing overhead 1,276 5/31 Balance $? Completed and transferred out $? Production records show that there were 410 units in the beginning inventory, 35% complete, 1,150 units started into production, and 1,150 units completed and transferred out. The beginning work in process inventory had materials costs of $2,020 and conversion costs of $1,550. The units in ending inventory were 40% complete as to conversion costs. Materials are entered at the beginning of the painting process, and conversion costs are incurred uniformly throughout the process. (a) Production records show that there were 410 units in the beginning inventory, 35% complete, 1,150 units started into production, and 1,150 units completed and transferred out. The beginning work in process inventory had materials costs of $2,020 and conversion costs of $1,550. The units in ending inventory were 40% complete as to conversion costs. Materials are entered at the beginning of the painting process, and conversion costs are incurred uniformly throughout the process. (a) How many units are in process at May 31? Work in process inventory eTextbook and Media Current Attempt in Progress Pharoah Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats. Calculate the activity-based overhead rates using the following budgeted data for each of the activity cost pools. (Round answers to 2 decimal places, eg. 15.25.) Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Sizing and cutting $4,397,405 209,900 machine hours Stitching and trimming 1,879,605 81,900 labour hours Wrapping and packing 382,180 38,800 finished units Cost Pool Rate Sizing and cutting per machine hr. Stitching and trimming $ per labour hr. Wrapping and packing $ per unit.