Homework Answers
| Journal entry to record other factory overhead costs | ||||
| Transaction | General Journal | Debit | Credit | |
| 1 | Factory overhead | $107,500 | ||
| Various other accounts | $107,500 | |||
| (To record other overhead costs) | ||||
| Journal entry to record overhead applied | ||||
| Transaction | General Journal | Debit | Credit | |
| 2 | Work in process inventory (250,000*55%) | $137,500 | ||
| Factory overhead | $137,500 | |||
| (To record overhead applied) | ||||
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The
following information is available for Lock-Tite Company, which
produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $44,000 9,200 63,000 55,000 19,500 34,300 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 173,000 300,000 9,000 69,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 27,000 $ 57, eee Work in process 9,100 20,300 Finished goods 70,000 34,200 Activities and information for May Raw materials purchases (paid with cash) 191,000 Factory payroll (paid with cash) 300,000 Factory overhead Indirect materials 7,000 Indirect labor 69,000 Other overhead costs 118,000 Sales (received in cash) 1,600,000 Predetermined overhead rate based...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $33,000 $ 54,000 Work in process 9,400 18,200 Finished goods 53,000 33,400 Activities and information for May Raw materials purchases (paid with cash) 176,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 7,000 Indirect labor 34,500 Other overhead costs 117,500 Sales (received in cash) 1,400,000 Predetermined overhead rate based on direct...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The
following information is available for Lock-Tite Company, which
produces special-order security products and uses a job order
costing system.
Required information The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $40,000 9,900 64,000 32,000 20,600 35,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash)...
how do i calculate? The following information is available for Lock-Tite Company, which produces special-order security...
how do i calculate?
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $32,000 9,300 66,000 37,000 19,200 33, 100 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The
following information is available for Lock-Tite Company, which
produces special-order security products and uses a job order
costing system.
Saved Required information (The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $40,000 9,900 64,000 32,000 20,600 35,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $44,000 9,200 63,000 55,000 19,500 34,300 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 173,000 300,000 9,000 69,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 29,000 $ 56,000 Work in process 9,500 20,600 Finished goods 63,000 34,500 Activities and information for May Raw materials purchases (paid with cash) 172,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 10,000 Indirect labor 34,500 Other overhead costs 114,500 Sales (received in cash) 1,700,000 Predetermined overhead rate based on...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $44,000 9, 200 63,000 55,000 19,500 34,300 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 173,000 300,000 9,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 Inventories May 31 Raw materials $33,000 $ 54,000 Work in process 9,400 18,200 Finished goods 53,000 33,400 Activities and information for May Raw materials purchases (paid with cash) 176,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 7,000 Indirect labor 34,500 Other overhead costs 117,500 Sales (received in cash) 1,400,000 Predetermined overhead rate based on direct...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $44,000 9,200 63,000 55,000 19,500 34,300 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 173,000 300,000 9,000 69,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 27,000 $ 57, eee Work in process 9,100 20,300 Finished goods 70,000 34,200 Activities and information for May Raw materials purchases (paid with cash) 191,000 Factory payroll (paid with cash) 300,000 Factory overhead Indirect materials 7,000 Indirect labor 69,000 Other overhead costs 118,000 Sales (received in cash) 1,600,000 Predetermined overhead rate based...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $33,000 $ 54,000 Work in process 9,400 18,200 Finished goods 53,000 33,400 Activities and information for May Raw materials purchases (paid with cash) 176,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 7,000 Indirect labor 34,500 Other overhead costs 117,500 Sales (received in cash) 1,400,000 Predetermined overhead rate based on direct...
The
following information is available for Lock-Tite Company, which
produces special-order security products and uses a job order
costing system.
Required information The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $40,000 9,900 64,000 32,000 20,600 35,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash)...
how do i calculate?
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $32,000 9,300 66,000 37,000 19,200 33, 100 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor...
The
following information is available for Lock-Tite Company, which
produces special-order security products and uses a job order
costing system.
Saved Required information (The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $40,000 9,900 64,000 32,000 20,600 35,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $44,000 9,200 63,000 55,000 19,500 34,300 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 173,000 300,000 9,000 69,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $44,000 9, 200 63,000 55,000 19,500 34,300 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 173,000 300,000 9,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 Inventories May 31 Raw materials $33,000 $ 54,000 Work in process 9,400 18,200 Finished goods 53,000 33,400 Activities and information for May Raw materials purchases (paid with cash) 176,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 7,000 Indirect labor 34,500 Other overhead costs 117,500 Sales (received in cash) 1,400,000 Predetermined overhead rate based on direct...
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