sweeten company had no jobs in progress at the beginning of march and no beginning i 385803
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):
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sweeten company had no jobs in progress at the beginning of march and no beginning i 385803
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| Estimated total fixed manufacturing overhead | $ | 10,000 |
| Estimated variable manufacturing overhead per direct labor hour | $ | 1.00 |
| Estimated total direct labor hours to be worked | 2,000 | |
| Total actual manufacturing overhead costs incurred | $ | 12,500 |
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| Job P | Job Q | |||
| Direct materials | $ | 13,000 | $ | 8,000 |
| Direct labor cost | $ | 21,000 | $ | 7,500 |
| Actual direct labor hours worked | 1,400 | 500 | ||
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| Required: |
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Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production. |
| General Journal | Debit | Credit |
| (Click to select)Raw materialsWages receivableWages payableAccounts receivableAccounts payableRent payableManufacturing overheadSalaries expense | ||
| (Click to select)Salaries expenseWages receivableWages payableRaw materialsRent payableAccounts receivableManufacturing overheadAccounts payable | ||
| (Click to select)Wages payableAccounts payableAccounts receivableSalaries expenseRent expenseWork in processWages receivableManufacturing overhead | ||
| (Click to select)Accounts receivableManufacturing overheadSalaries expenseWages receivableAccounts payableRaw materialsWork in processWages payable |
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