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Whispering Winds Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2022, accounting records for Whispering Winds Inc.contain the following data. Raw Materials Inventory $4,100 Manufacturing Overhead Applied $33,800 Work in Process Inventory $5,675 Manufacturing Overhead Incurred $28,600 Subsidiary data for Work in Process Inventory on June 1 are as follows. JobCost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $600 $900 $800 Direct labor 200 600 700 Manufacturing overhead 250 750 875 $1,050 $2,250 $2,375 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $300 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Materials Customer Job Requisition Slips Time Tickets Rodgers $900 $800 Koss 1,800 800 Stevens 400 400 Linton 1,300 1,300 Rodgers 300 400 4,700 3,700 General use 1,400 1,400 $6,100 $5,100 Overhead was charged to Jobs at the rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold. Each customer paid in full.

Whispering Winds Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2022, accounting records for Whispering Winds Inc.contain the following data. Raw Materials Inventory $4,100 Manufacturing Overhead Applied $33,800 Work in Process Inventory $5,675 Manufacturing Overhead Incurred $28,600 Subsidiary data for Work in Process Inventory on June 1 are as follows. JobCost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $600 $900 $800 Direct labor 200 600 700 Manufacturing overhead 250 750 875 $1,050 $2,250 $2,375 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $300 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Materials Customer Job Requisition Slips Time Tickets Rodgers $900 $800 Koss 1,800 800 Stevens 400 400 Linton 1,300 1,300 Rodgers 300 400 4,700 3,700 General use 1,400 1,400 $6,100 $5,100 Overhead was charged to Jobs at the rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold. Each customer paid in full.

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
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Whispering Winds Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2022, accounting records for Whispering Winds Inc.contain the following data. Raw Materials Inventory $4,100 Manufacturing Overhead Applied $33,800 Work in Process Inventory $5,675 Manufacturing Overhead Incurred $28,600 Subsidiary data for Work in Process Inventory on June 1 are as follows. JobCost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $600 $900 $800 Direct labor 200 600 700 Manufacturing overhead 250 750 875 $1,050 $2,250 $2,375 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $300 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Materials Customer Job Requisition Slips Time Tickets Rodgers $900 $800 Koss 1,800 800 Stevens 400 400 Linton 1,300 1,300 Rodgers 300 400 4,700 3,700 General use 1,400 1,400 $6,100 $5,100 Overhead was charged to Jobs at the rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold. Each customer paid in full.
Transcribed Image Text:Whispering Winds Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2022, accounting records for Whispering Winds Inc.contain the following data. Raw Materials Inventory $4,100 Manufacturing Overhead Applied $33,800 Work in Process Inventory $5,675 Manufacturing Overhead Incurred $28,600 Subsidiary data for Work in Process Inventory on June 1 are as follows. JobCost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $600 $900 $800 Direct labor 200 600 700 Manufacturing overhead 250 750 875 $1,050 $2,250 $2,375 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $300 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Materials Customer Job Requisition Slips Time Tickets Rodgers $900 $800 Koss 1,800 800 Stevens 400 400 Linton 1,300 1,300 Rodgers 300 400 4,700 3,700 General use 1,400 1,400 $6,100 $5,100 Overhead was charged to Jobs at the rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold. Each customer paid in full.
er the June 1 balances and record the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and ufacturing overhead costs incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion bs and sale of goods. (Enter negative amounts using elther a negative stgn preceding the number eg. 45 or parentheses eg. (45)) d record the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and ts incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion ter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) Manufacturing Costs Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Raw Materials Inventory Factory Labor Manufacturing Overhead Beginning balance 24 $ Purchase raw materials Incurred factory labor Misc overhead costs Factory equip. depr. Direct materials ndirect materials Direct labor ndirect labor Assigned overhead Completion of jobs Sale of jobs
Transcribed Image Text:er the June 1 balances and record the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and ufacturing overhead costs incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion bs and sale of goods. (Enter negative amounts using elther a negative stgn preceding the number eg. 45 or parentheses eg. (45)) d record the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and ts incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion ter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) Manufacturing Costs Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Raw Materials Inventory Factory Labor Manufacturing Overhead Beginning balance 24 $ Purchase raw materials Incurred factory labor Misc overhead costs Factory equip. depr. Direct materials ndirect materials Direct labor ndirect labor Assigned overhead Completion of jobs Sale of jobs
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