a. The journal entry to assign costs of direct materials used in production includes which two...
a. The journal entry to assign costs of direct materials used in production includes which two of the following?
Select the correct answer to complete each question. Multiple boxes may be checked if needed.
Credit to Raw Materials Inventory
Debit to Raw Materials Inventory
Credit to Work in Process Inventory
Debit to Factory Overhead
Credit to Factory Overhead
Debit to Work in Process Inventory
b. The journal entry to record indirect materials used in production includes which two of the following?
Select the correct answer to complete each question. Multiple boxes may be checked if needed.
Debit to Raw Materials Inventory
Debit to Work in Process Inventory
Credit to Work in Process Inventory
Credit to Raw Materials Inventory
Credit to Factory Overhead
Debit to Factory Overhead
Credit to Cash
Debit to Cash
Homework Answers
Add Answer to:
a. The journal entry
to assign costs of direct materials used in production includes
which two...
Required information 6 Part 2 of 2 Knowledge Check 01 The journal entry to acquire materials...
Required information 6 Part 2 of 2 Knowledge Check 01 The journal entry to acquire materials on credit for factory use includes which two of the following? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as...
Journal entry one is given. Journal entry 2 record the raw materials used in production, 189,000...
Journal entry one is given.
Journal entry 2 record the raw materials used in production,
189,000 (151,200 direct materials and 37,800 indirect
materials).
Journal entry 3 record the entry for accrued direct Labor
costs incurred, 50,000; indirect Labor cost incurred, 22,000.
Journal entry 4 depreciation recorded on factory equipment,
105,000.
Journal entry 5 other manufacturing overhead costs accrued
during October, 130,000.
Journal entry 6 The company applies manufacturing overhead
cost to production on the basis of 6$ per machine hour....
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $80, 200 $49,800 $15,800 125% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter...
in a job order costing system, raw material requisitioned as direct materials are debited to________; indirect...
in a job order costing system, raw material requisitioned as direct
materials are debited to________; indirect materials are debited
to_______.
$139.000. Save Question 24 (2 points) s Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195.000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150.000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of...
1. Prepare the journal entries to record the raw materials used in production and the direct...
1. Prepare the journal entries to record the raw materials used
in production and the direct labor cost incurred. (If no
entry is required for a transaction/event, select "No journal entry
required" in the first account field.)
2. Prepare the journal entry to record the overhead cost applied
to production. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
3. How many units were completed and transferred to finished
goods during...
please explain the correct answer to this question and why it is correct, thanks Your Answer...
please explain the correct answer to this question and why it is
correct, thanks
Your Answer incorrect The journal entry to record the use of direct materials in production is to: debit Raw Materials Inventory and credit Work in Process Inventory. O debit Work in Process Inventory and credit Raw Materials Inventory. O debit Raw Materials Inventory and credit Factory Overhead. O debit Factory Overhead and credit Raw Materials Inventory. Correct Answer debit Work in Process Inventory and credit Raw...
Required information Problem 03-1A Production cost flow and measurement, journal entries LO P1, P2, P3, P4...
Required information Problem 03-1A Production cost flow and measurement, journal entries LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory 153,500 173,300 42,100 Ending Inventory 115, see 94.669 30,250...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Raw materials inventory Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Inventory $ 51, 000 133, 500 153, 300 38,100 Ending Inventory $ 61,000 105,500 88, 400 26,250 The following additional information describes the company's production activities for May. Direct materials Raw materials...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 223,500 150,500 243, 300 116,300 56,100 44,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching $115,000...
Starr Company reports the following information for August. Raw materials purchased on account $ 84,600 Direct...
Starr Company reports the following information for August. Raw materials purchased on account $ 84,600 Direct materials used in production $ 50,000 Factory wages earned (direct labor) $ 15,650 Overhead rate 135 % of direct labor cost Prepare journal entries to record the following events. Raw materials purchased. Direct materials used in production. Direct labor used in production. Applied overhead. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record raw materials purchased on account, Record the entry...
Required information 6 Part 2 of 2 Knowledge Check 01 The journal entry to acquire materials on credit for factory use includes which two of the following? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as...
Journal entry one is given.
Journal entry 2 record the raw materials used in production,
189,000 (151,200 direct materials and 37,800 indirect
materials).
Journal entry 3 record the entry for accrued direct Labor
costs incurred, 50,000; indirect Labor cost incurred, 22,000.
Journal entry 4 depreciation recorded on factory equipment,
105,000.
Journal entry 5 other manufacturing overhead costs accrued
during October, 130,000.
Journal entry 6 The company applies manufacturing overhead
cost to production on the basis of 6$ per machine hour....
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $80, 200 $49,800 $15,800 125% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter...
in a job order costing system, raw material requisitioned as direct
materials are debited to________; indirect materials are debited
to_______.
$139.000. Save Question 24 (2 points) s Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195.000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150.000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of...
1. Prepare the journal entries to record the raw materials used
in production and the direct labor cost incurred. (If no
entry is required for a transaction/event, select "No journal entry
required" in the first account field.)
2. Prepare the journal entry to record the overhead cost applied
to production. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
3. How many units were completed and transferred to finished
goods during...
please explain the correct answer to this question and why it is
correct, thanks
Your Answer incorrect The journal entry to record the use of direct materials in production is to: debit Raw Materials Inventory and credit Work in Process Inventory. O debit Work in Process Inventory and credit Raw Materials Inventory. O debit Raw Materials Inventory and credit Factory Overhead. O debit Factory Overhead and credit Raw Materials Inventory. Correct Answer debit Work in Process Inventory and credit Raw...
Required information Problem 03-1A Production cost flow and measurement, journal entries LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory 153,500 173,300 42,100 Ending Inventory 115, see 94.669 30,250...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Raw materials inventory Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Inventory $ 51, 000 133, 500 153, 300 38,100 Ending Inventory $ 61,000 105,500 88, 400 26,250 The following additional information describes the company's production activities for May. Direct materials Raw materials...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 223,500 150,500 243, 300 116,300 56,100 44,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching $115,000...
Most questions answered within 3 hours.
-
Dividing Partnership Net Loss
Leigh Meadows and Byron Leef formed a partnership in which the
partnership...
asked 14 seconds ago -
10. Two forces act on a 3 kg object, the gravitational force and
a second, constant...
asked 3 minutes ago -
Discuss how Entrepreneurial leadership style differs
from traditional leadership?
asked 26 minutes ago -
A futuristic design for a car is to have a large solid
disk-shaped flywheel within the...
asked 24 minutes ago -
Solid NaOH is added to a solution of 0.50 M acetic acid until
the pH of...
asked 27 minutes ago -
Which of the following statements is not a characteristic of the
Internal Revenue Code?
A) The...
asked 35 minutes ago -
Say true or false and explain it.
A heap is represented using an array. The array...
asked 45 minutes ago -
Explain how the DNA replication enzyme complex is organized and
functions, please don't copy paste from...
asked 44 minutes ago -
how
can personality contribute to one scoring high on the need to
evaluate measurement by Jarvis?
asked 45 minutes ago -
A high jumper is attempting to jump over a crossbar that is
placed at a height...
asked 50 minutes ago -
1.
A hemophiliac male mates with a healthy female. what are the
possible genotypes for the...
asked 1 hour ago -
You could argue that even though Rockefeller clearly had
enormous market power (90% of the market)...
asked 1 hour ago