Schedule for Direct Labor

for 10 days period

Day Direct Labor Hour Cost

1 10 7,500
2 20 10,000
3 60 8,500
4 80 14,500
5 70 25,000
6 10 8,000
7 30 9,000
8 40 11,000
9 50 20,000
10 40 17,500

350 131,000

Variable Cost Rate

25,000-7500/80-10 250.00

Fixed Cost
25,000-[250x80] 5,000.00
7500-[250x10] 5,000.00

6. to take up overhead overhead 8,897

Accrued overhead 8,897
Apply overhead in production Work in process 11,397
Computation (899.70/dayx10+2500) overhead 11,397
7. Salaries
Accrued salaries and wages salaries and wages 26,000
Schedule of Sakaries Accrued salaries and wages 26,000
Supervisor 1,000 per dayx10days 10,000.00
Cashier 900 per dayx10days 9,000.00
Saleslady 700 per dayx10days 7,000.00
Total Salaries 26,000.00

8. to record payment of salaries and wages every 10 days Accrued Salaries 157,000
Cash 157,000

9. to record finished goods Finished goods inventory

Work in process

10. to close finished goods to cost of good sold good to cost of good sold
Finished goods inventory

11. to record sales of 62,400 units @10 cash 624,000

Sales 624,000

12. to set up Depreciation(250x100 ) Depreciation 2,500

Accumulated Depreciation 2,500
Overhead 2,500
Depreciation 2,500

13. realized income Net income

Capital