Fast flow paint produces mixer base paint through a two-stage process mixing and packaging the...

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Accounting

Fast flow paint produces mixer base paint through a two-stage process mixing and packaging the following events to pick the movement of value into an out of production journalize each event if appropriate if not provide a short narrative reason as to why you chose not to journalize the action. Nelson a production manager exception order to continue processing the current run of Mitchell based paint. (a) materials worth $27,000 withdrawn from raw materials inventory of this amount 25,500 will be issued to the mixing department and the balance will be issued to the maintenance department to be used on production line machines. (b) Nelson calculates that labor for the. Is 12500 of this amount 1 million seven hundred and $50 is for maintenance and indirect labor the remainder is directly associated with mixing Nelson who is paid a salary but about $35 per hour spends 1 hour inspecting the production line the manufacturing overhead drivers for mixing hours of mixer time at $575 per hour and material movement from materials at 125 / movement and inspection of the machine timers reveals that a total of 8 hours has been consumed in making this product and inspection of stocking orders indicates that only one material movement was utilized to load the raw materials note or values how to journalize to factory overhead you need only apply them to the production run. Within fast flow items are transferred between departments at a standard cost. This production run has created 4015 gallons of mixture based paint. This paint is transferred to a Packaging at a standard cost of $10.05 per gallon. (Round calculation to the nearest whole dollar.) (f) Packaging draws $755 of materials for a packaging of this production run. (g) Packaging documents that 12 hours of direct labor at $10.25 per hour were consumed in the packaging of this production run. (h) Packaging uses a cost driver a direct labor hours to allocate manufacturing overhead at the rate of $25 per hour. (i) Packaging transfers 4015 gallons of packaged Goods to finished goods inventory at a standard cost of $10.34 per gallon. (round calculation to the nearest whole dollar.)

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