Task: Cases 5 Single exercise: La Mueblera S.A. is a small…
Question Answered step-by-step Task: Cases 5 Single exercise: La Mueblera S.A. is a small… Task: Cases 5Single exercise: La Mueblería S.A. is a small manufacturing company specialized in custom-made office furniture. All orders are manufactured to customers’ specifications and costs are accrued according to work orders.On March 10, Techito S.A. placed an order with La Mueblería S.A. for 5 desks, 10 chairs and 5 archival furniture, all made with cedar wood, at a total price of 5,200,000 colones. Techito S.A. wishes delivery no later than April 15. The order of La Mueblería S.A., designated as work order 129, will be followed through the manufacturing process and the accumulation of production costs. The following information relates to that order:Purchase of materialsOn March 23, the purchasing department received 4,880,250 colones in materials, as seen below. Purchases of the materials are on credit and payment is made later. Please note that not all materials will be used in work order 129.QuantityMaterialCodeCost Total32Cedar wood sheetsAA2541?120,000per sheet?3,840,00023Gallons of varnishDC1252?35,000per gallon?805,00015Glue boxes ED3651?11,250per box?168,7507Nail boxes WS6325?9,500per box?66,500Total?4,880,250 Continue on the next page Material consumption On March 23, the production department ordered the following materials and began work on work order 129:MATERIAL REQUISITION FORMAT ORDER DATE:23-mar DELIVERY DATE:23-mar DEPT. WHERE THE REQUEST IS GENERATED:Production APPROVED BY:Jorge Rodriguez REQUISITION NUMBER:1250DELIVERED TO:Hector Palacios QUANTITYDESCRIPTIONCODEWORK ORDERUNIT COSTTOTAL COST10Cedar wood sheetsAA2541129?120,000?1,200,0006Gallons of varnishDC1252129?35,000?210,0003Nail boxesED3651129?11,250?33,7502Nail boxesWS6325129?9,500?19,000SUBTOTAL?1,462,750RETURN?0TOTAL?1,462,750 Note: only wood sheets are considered a direct material, the others are indirect materials. Cost of laborThe production department incurred the following payroll costs for the week ending March 27 (March 23 – March 27):Direct labor for the work order 124?129,000Direct labor for the work order 129?1,505,000Indirect labour?430,000 Total cost of labor?2,064,000 Actual indirect manufacturing costsThe production department incurred other indirect manufacturing costs (in addition to indirect materials and indirect labor) totaling 860,000 colones for the week ending March 27. To apply indirect manufacturing costs, a predetermined rate is used.Indirect manufacturing costs appliedIndirect manufacturing costs were applied at a rate of 78% of the direct labor cost for work order 129.Termination of the work orderWork order 129 was finalized on March 27 and transferred to the finished goods warehouse. Sale of the work orderTechito S.A. withdrew work order 129 on April 5. Payment will be made in 20 days. Additional information:The total payroll is calculated from the time cards as follows: 10employees 400hours?3,440?1,376,000 2employees 80hours?3,225?258,000 Supervisors and maintenance?430,000 Total payroll?2,064,000 La siguiente tabla ilustra una hoja de costos indirectos de fabricación por departamento para la semana que terminó el 27 de marzo. Los costos indirectos de fabricación incurridos por el departamento de producción para la semana que terminó el 27 de marzo totalizaron 1,552,750 colones. Este total comprende:Costes indirectos de fabricación: ProducciónMateriales indirectos?262.750Trabajo indirecto?430.000Depreciación, maquinaria?94.600Depreciación, fábrica?124.700Servicios Generales?210.700Varios?430. 000Total?1.552. 750 Se solicita:Hacer asiento 1 para el registro de la compra de los materiales.Registrar la entrada 2 de la solicitud de materiales directos e indirectos para la orden de trabajo 129.Haga el asiento 3 para registrar el costo de la mano de obra. Realice el asiento 4 que registra los costos indirectos de fabricación (excepto los materiales indirectos, que se registraron en el asiento 2, y la mano de obra directa, que se registró en el asiento 3). Registre en el asiento 5 la aplicación de los costos indirectos de fabricación a la orden de trabajo 129. Haga la entrada 6 que transfiere los artículos terminados de la cuenta de inventario de trabajo en proceso a la cuenta de inventario de artículos terminados para la orden de trabajo 129 (materiales directos + mano de obra directa + costos indirectos de fabricación). Registrar el asiento 7 mostrando la oficina de la orden de trabajo 129 a Techito S.A.Prepare la Hoja de Costos de la Orden de Trabajo, para la Orden 129, y calcule la ganancia estimada, considerando el 10% del precio de venta para gastos administrativos y de venta. Accounting Business Financial Accounting SAN JOSE +506897854 Share QuestionEmailCopy link Comments (0)
