Cost Accounting Labor Costs Assignment
Cost Accounting Labor Costs Assignment
Cost Accounting Labor Costs Assignment
E10-1
Calculation NIM : 2440043710
Learning Curve = 80%
Number of Bridges Completion Time
1 (done) 100
2 80
4 64
8 51.2
Numbers of bridges constructed for under one year average construction time = 7 bridge
Assembly Department
E10-3 Journal Entries
Account Name Debit Credit
WIP $ 441.00
Payroll $ 441.00 (40 hours * $ 9,00 + 6 hours * 1,5 * $ 9,00)
Assembly Department
Journal Entries
Account Name Debit Credit
WIP $ 360.00 (40 hours * $ 9,00)
Factory Overhead Control $ 81.00 (6 hours * 1,5 * $ 9,00)
Payroll $ 441.00
1 Amount charge to WIP for two weeks
P10-2
Total Earnings = $ 1.140
3
If there's a problem with the machinery which resulted in the
production being interrupted. The cost should be charge into
the Factory Overhead Account because it categorize as an
additional expense in the current production.