Homework Answers
| A | Raw materials inventory | 2,900 | ||||
| Accounts payable | 2,900 | |||||
| B | Work in process inventory | 450 | ||||
| Raw materials inventory | 450 | |||||
| C | Manufacturing overhead | 150 | ||||
| Raw materials inventory | 150 | |||||
| D | Work in process inventory | 250 | ||||
| Factory wages | 250 | |||||
| E | Manufacturing overhead | 60 | ||||
| Factory wages | 60 | |||||
| F | Manufacturing overhead | 750 | ||||
| Accounts payable | 750 | |||||
| G | Manufacturing overhead | 250 | ||||
| Accumulated depreciation | 250 | |||||
| H | Work in process inventory | 375 | ||||
| Manufacturing overhead | 375 | |||||
| I | Finished goods inventory | 1450 | ||||
| work in process inventory | 1,450 | |||||
| (DM+DL+OH applied) | ||||||
| J | Cash/Accounts receivable | 2,900 | ||||
| sales | 2,900 | |||||
| K | Manufacturing overhead | 100 | ||||
| Cost of good sold | 100 | |||||
Add Answer to:
The following data summarize the operations during the year. A. Purchase of raw materials on account....
1. 2. Crane Corporation incurred the following transactions. Purchased raw materials on account $46,400. Raw Materials...
1. 2. Crane Corporation incurred the following transactions. Purchased raw materials on account $46,400. Raw Materials of $36,100 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,900 was classified as indirect materials. Factory labor costs incurred were $60,000. Time tickets indicated that $54,100 was direct labor and $5,900 was indirect labor. Manufacturing overhead costs incurred on account were $81,500. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing...
During the first year of operations, Moss Manufacturing accumulated the following manufacturing costs: 2. Raw materials...
During the first year of operations, Moss Manufacturing accumulated the following manufacturing costs: 2. Raw materials purchased on account Factory labor accrued ncurred manufacturing overhead on account $16,500 $7,200 $4,400 a. Prepare separate journal entries for each manufacturing cost. Raw Materials Purchased on Account: Account Titles Debit Credit Factory Labor Accrued: Account Titles Debit Credit Incurred Manufacturing Overhead on Account: Account Titles Debit Credit Moss used $12,400 of direct materials and $3,000 of indirect materials on Job 152. Prepare the...
Crawford Corporation incurred the following transactions. Purchased raw materials on account $46,300. Raw materials of $36,000...
Crawford Corporation incurred the following transactions. Purchased raw materials on account $46,300. Raw materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials. Factory labor costs incurred were $59,900, of which $51,000 pertained to factory wages payable and $8,900 pertained to employer payroll taxes payable. Time tickets indicated that $54,000 was direct labor and $5,900 was indirect labor. Manufacturing overhead costs incurred on account were $80,500. Depreciation...
Sheridan Corporation incurred the following transactions. 1. Purchased raw materials on account $46,600. 2. Raw Materials...
Sheridan Corporation incurred the following transactions. 1.
Purchased raw materials on account $46,600. 2. Raw Materials of
$40,800 were requisitioned to the factory. An analysis of the
materials requisition slips indicated that $7,000 was classified as
indirect materials. 3. Factory labor costs incurred were $60,300.
4. Time tickets indicated that $55,700 was direct labor and $4,600
was indirect labor. 5. Manufacturing overhead costs incurred on
account were $83,700. 6. Manufacturing overhead was applied at the
rate of 160% of direct...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $52,800. 2. Raw Materials...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $52,800. 2. Raw Materials of $45,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,600 was classified as indirect materials. 3. Factory labor costs incurred were $68,000, of which $51,500 pertained to factory wages payable and $16,500 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,100 was direct labor and $12,900 was indirect labor. 5. Manufacturing overhead costs incurred...
Oriole Corporation incurred the following transactions. 1. 2. 3. 4. Purchased raw materials on account $54,500....
Oriole Corporation incurred the following transactions. 1. 2. 3. 4. Purchased raw materials on account $54,500. Raw Materials of $38,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. Factory labor costs incurred were $62,500. Time tickets indicated that $54,700 was direct labor and $7,800 was indirect labor. Manufacturing overhead costs incurred on account were $84,900. Manufacturing overhead was applied at the rate of 150% of direct labor cost....
Sheridan Corporation incurred the following transactions. 1. Purchased raw materials on account $51,800. 2 Raw Materials...
Sheridan Corporation incurred the following transactions. 1. Purchased raw materials on account $51,800. 2 Raw Materials of $45,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,000 was classified as indirect materials. 3. Factory labor costs incurred were $64,100. 4. Time tickets indicated that $54,900 was direct labor and $9,200 was indirect labor. 5. Manufacturing overhead costs incurred on account were $83,600. 6. Manufacturing overhead was applied at the rate of 160% of direct...
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $770,000. b. Materials requis...
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $770,000. b. Materials requisitioned, $680,000, of which $75,800 was for general factory use. c. Factory labor used, $756,000, of which $182,000 was indirect d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for...
1. Purchased raw materials on account $50,600.
1. Purchased raw materials on account $50,600. 2. Raw Materials of $42.300 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9.500 was classified as indirect materials. 3. Factory labor costs incurred were $65.500. 4. Time tickets indicated that $54,400 was direct labor and $11,100 was indirect labor. 5. Manufacturing overhead costs incurred on account were $83,100. 6. Manufacturing overhead was applied at the rate of 160% of direct labor cost. 7. Goods costing $92.700 were completed and transferred to fnished...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $52,800. Raw Materi...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $52,800. Raw Materials of $45,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,600 was classified as indirect materials. 3. Factory labor costs incurred were $68,000, of which $51,500 pertained to factory wages payable and $16,500 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,100 was direct labor and $12,900 was indirect labor. 5. Manufacturing overhead costs incurred on...
1. 2. Crane Corporation incurred the following transactions. Purchased raw materials on account $46,400. Raw Materials of $36,100 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,900 was classified as indirect materials. Factory labor costs incurred were $60,000. Time tickets indicated that $54,100 was direct labor and $5,900 was indirect labor. Manufacturing overhead costs incurred on account were $81,500. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing...
During the first year of operations, Moss Manufacturing accumulated the following manufacturing costs: 2. Raw materials purchased on account Factory labor accrued ncurred manufacturing overhead on account $16,500 $7,200 $4,400 a. Prepare separate journal entries for each manufacturing cost. Raw Materials Purchased on Account: Account Titles Debit Credit Factory Labor Accrued: Account Titles Debit Credit Incurred Manufacturing Overhead on Account: Account Titles Debit Credit Moss used $12,400 of direct materials and $3,000 of indirect materials on Job 152. Prepare the...
Sheridan Corporation incurred the following transactions. 1.
Purchased raw materials on account $46,600. 2. Raw Materials of
$40,800 were requisitioned to the factory. An analysis of the
materials requisition slips indicated that $7,000 was classified as
indirect materials. 3. Factory labor costs incurred were $60,300.
4. Time tickets indicated that $55,700 was direct labor and $4,600
was indirect labor. 5. Manufacturing overhead costs incurred on
account were $83,700. 6. Manufacturing overhead was applied at the
rate of 160% of direct...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $52,800. 2. Raw Materials of $45,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,600 was classified as indirect materials. 3. Factory labor costs incurred were $68,000, of which $51,500 pertained to factory wages payable and $16,500 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,100 was direct labor and $12,900 was indirect labor. 5. Manufacturing overhead costs incurred...
Oriole Corporation incurred the following transactions. 1. 2. 3. 4. Purchased raw materials on account $54,500. Raw Materials of $38,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. Factory labor costs incurred were $62,500. Time tickets indicated that $54,700 was direct labor and $7,800 was indirect labor. Manufacturing overhead costs incurred on account were $84,900. Manufacturing overhead was applied at the rate of 150% of direct labor cost....
Sheridan Corporation incurred the following transactions. 1. Purchased raw materials on account $51,800. 2 Raw Materials of $45,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,000 was classified as indirect materials. 3. Factory labor costs incurred were $64,100. 4. Time tickets indicated that $54,900 was direct labor and $9,200 was indirect labor. 5. Manufacturing overhead costs incurred on account were $83,600. 6. Manufacturing overhead was applied at the rate of 160% of direct...
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $770,000. b. Materials requisitioned, $680,000, of which $75,800 was for general factory use. c. Factory labor used, $756,000, of which $182,000 was indirect d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for...
1. Purchased raw materials on account $50,600. 2. Raw Materials of $42.300 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9.500 was classified as indirect materials. 3. Factory labor costs incurred were $65.500. 4. Time tickets indicated that $54,400 was direct labor and $11,100 was indirect labor. 5. Manufacturing overhead costs incurred on account were $83,100. 6. Manufacturing overhead was applied at the rate of 160% of direct labor cost. 7. Goods costing $92.700 were completed and transferred to fnished...
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $52,800. Raw Materials of $45,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,600 was classified as indirect materials. 3. Factory labor costs incurred were $68,000, of which $51,500 pertained to factory wages payable and $16,500 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,100 was direct labor and $12,900 was indirect labor. 5. Manufacturing overhead costs incurred on...
Most questions answered within 3 hours.
-
draw product of cyclohex-2-en-1-one, Sodium methoxide and
hydronium workup
asked 3 minutes ago -
In a certain state, about 65% of drivers who are arrested for
driving while intoxicated (DWI)...
asked 3 minutes ago -
A single NEC SX-9 vector processor unit (VPU) has a peak
arithmetic
performance of 102.4 GFs/s....
asked 21 minutes ago -
. Determine the hourly multiplication factors
such that the total daily water consumption will equal 15,000...
asked 22 minutes ago -
A budgeting Web site reported that 35% of U.S. households have
withdrawn money from a 401(k)...
asked 21 minutes ago -
In this assignment, you will write a minimum two-page paper that
explains the treatment of internal...
asked 25 minutes ago -
Direct marketing is also referred to as Question 50 options: 1)
one-to-one marketing. 2) business-customer marketing....
asked 28 minutes ago -
INK Ltd is grocery retailer with 103 shops around South
Australia and Tasmania. The company has...
asked 33 minutes ago -
HOW BEER IS MADE
The beer making process is an art. It takes time, patience and...
asked 34 minutes ago -
What two methods could be used to purify the dimethyl
fumarate?
Based on the 12 Principles...
asked 44 minutes ago -
Reflect upon the readings and videos as well as our Media Monday
discussion. Integrating concepts from...
asked 49 minutes ago -
1. A cylindrical capacitor with A = 0.01, B = 0.1 and a length
of 5...
asked 56 minutes ago