ACCT 3403 Lecture Notes - Lecture 25: Direct Labor Cost, Finished Good
26 Jan 2020
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You will be doing journal entries for this chapter: https://courses. lumenlearning. com/sac- managacct/chapter/using-production-accounts-to-determine-the-flow-of-costs/ Finished goods: wip, starts with how much the bothers the ll kids, 22496, billed 125% the parts of choas, chose he most competitive author. Debiting the over head for 26,320 (actulal costs\s) Bc is overhead you are going to meek it. Over head is applied at the start, it is very likely to remain the most constant. Use a t chart in some situations to enable the better use and breakdown of the data. Exercise 5. 12: using job 114 (any of the three jobs could be used, the overhead rate will be the same): = 0. 65, or 65% of direct labor cost. 7 october 2019 cost acct: ending work in process consists of jobs 114 and 116: Ending work in process : cost of goods sold = job 115 = ,496, price of job 115 = ,496 1. 25 = ,120.
