Answer-1:
No. | Account Title | Debit | Credit |
a. | Raw material inventory | $ 250,000 | |
Account payable | $ 250,000 | ||
b. | Work in process inventory | 235,000 | |
Raw material inventory | 235,000 | ||
c. | Manufacturing overhead | 62,100 | |
Utilities expense | 6,900 | ||
Account payable | 69,000 | ||
d. | Work in process inventory | 280,000 | |
Manufacturing overhead | 100,000 | ||
Salaries and wages expense | 160,000 | ||
Salaries and wages payable | 540,000 | ||
e. | Manufacturing overhead | 64,000 | |
Account payable | 64000 | ||
f. | Advertising expense | 146,000 | |
Account payable | 146000 | ||
g. | Manufacturing overhead | 61500 | |
Depreciation-equipment | 20500 | ||
Accumulated depreciation | 82000 | ||
h. | Manufacturing overhead | 85600 | |
Rent expense | 21400 | ||
Account payable | 107000 | ||
i. | Work in process inventory | 376,250 | |
Manufacturing overhead (350,000/1,000 × 1,075) | 376,250 | ||
j. | Finished goods inventory | 870,000 | |
Work in process inventory | 870,000 | ||
k. | Account receivable | 1,700,000 | |
Sales | 1,700,000 | ||
k. | Cost of goods sold | 900,000 | |
Finished goods inventory | 900,000 |
Answer-2:
Answer-3:
Answer-4:
nment Print View Page 1 of Award: 5.00 points Froya Fabrikker AS of Bergen, Norwey is...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $350,000 of manufacturing overhead for an estimated allocation base of 1,000 direct labor-hours. The following transactions took place during the year: Raw materials purchased on account,...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $399,000 of manufacturing overhead for an estimated allocation base of 1,050 direct labor-hours. The following transactions took place during the year: Raw materials purchased on account,...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $357,000 of manufacturing overhead for an estimated allocation base of 1,020 direct labor-hours. The following transactions took place during the year: Raw materials purchased on account,...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor hours. Its predetermined overhead rate was based on a cost formula that estimated $395,600 of manufacturing overhead for an estimated allocation base of 920 direct labor-hours. The following transactions took place during the year a. Raw materials purchased...
4a
4b and 5 not answered... thank you
signment Print View Page 1 Award: 5.00 points Froya Faber A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours its predeterm Overhead rate was based on a cost formula that estimated $350,000 of manufacturing overhead for an estimated allocation base of...
Froya Fabrikker A/S of Bergen, Norway, is a small company that
manufactures specialty heavy equipment for use in North Sea oil
fields. The company uses a job-order costing system that applies
manufacturing overhead cost to jobs on the basis of direct
labor-hours. Its predetermined overhead rate was based on a cost
formula that estimated $349,800 of manufacturing overhead for an
estimated allocation base of 1,060 direct labor-hours. The
following transactions took place during the year:Raw materials purchased on account, $230,000.Raw...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $388,800 of manufacturing overhead for an estimated allocation base of 810 direct labor-hours. The following transactions took place during the year. a. Raw materials purchased on...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $372,000 of manufacturing overhead for an estimated allocation base of 1,200 direct labor-hours. The following transactions took place during the year: Raw materials purchased on account,...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $380,000 of manufacturing overhead for an estimated allocation base of 1,000 direct labor-hours. The following transactions took place during the year: Raw materials purchased on account,...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $372,000 of manufacturing overhead for an estimated allocation base of 1,200 direct labor-hours. The following transactions took place during the year: Raw materials purchased on account,...