Homework Answers
| Option "B" is CORRECT | ||||
| Work in process department A | XXX | |||
| Work in process department B | XXX | |||
| Manufacturing Overhead | XXX | |||
| (To record manufacturing overhead to WIP) | ||||
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Which of the following journal entries would be used to record application of manufacturing overhead to...
why is it option B? TIF Which of the following journal entries would be used to...
why
is it option B?
TIF Which of the following journal entries would be used to record application of manufacturing overhead to work in process in a process costing system with two processing departments, department A and department B? XXX XXX XXX A) Manufacturing Overhead Work in Process --Department A Work in Process --Department B B) Work in Process-Department Work in Process-Department B Manufacturing Overhead C) Work in Process--Department B Work in Process-Department A Manufacturing Overhead D) Work in Process--Department...
Which of the following journal entries would be used to record direct labor costs in a...
Which of the following journal entries would be used to record direct labor costs in a company having two processing departments (Department A and Department B)? Multiple Choice Work in Process-Department XXX A Work in Process-Department XXX B Salaries and Wages Payable XXX Salaries and Wages Expense XXX Salaries and Wages Payable XXX xxx Work in Process Salaries and Wages Payable XXX Salaries and Wages Payable xxx Work in Process XXX We were unable to transcribe this image
The journal entry a company would make under process costing to record allocated manufacturing overhead incurred...
The journal entry a company would make under process costing to record allocated manufacturing overhead incurred in the Assembly Department would be xxx O A. WIP Inventory - Assembly Accounts Payable OB. Finished Goods Inventory xxx Xxx OC. WIP Inventory - Assembly xxx Manufacturing Overhead OD. Manufacturing Overhead Xxx Finished Goods Inventory xxx
Which of the following entries would you likely see in the records of a firm using...
Which of the following entries would you likely see in the records of a firm using a process costing system but NOT in the records of a firm using a job-order costing system? XXX Work in Process Raw Materials XXX XXX Manufacturing Overhead Wages Payable XXX Work in Process - Department A XXX Work in Process - Department B XXX XXX Finished Goods Work in Process XXX
The journal entry to record applying overhead during the production process is: 0 Manufacturing Overhead Work...
The journal entry to record applying overhead during the production process is: 0 Manufacturing Overhead Work In Process 0 XXX Finished Goods Manufacturing Overhead XXX 0 Manufacturing Overhead Finished Goods XXX XXX 0 Work In Process Manufacturing Overhead
1. Prepare journal entries to record the costs incurred in both the Refining Department and Blending...
1. Prepare journal entries to record the costs incurred in both
the Refining Department and Blending Department during March. Key
your entries to the items (a) through (g) below.
2. Post the journal entries from (1) above to T-accounts. The
following account balances existed at the beginning of March. (The
beginning balance in the Refining Department’s Work in Process is
given in the T-account shown above.)
Lubricants, Inc., produces a special kind of grease that is widely used by race...
Salaries for assembly workers in the factory would be classified as a: manufacturing overhead cost O...
Salaries for assembly workers in the factory would be classified as a: manufacturing overhead cost O direct labor cost O selling cost direct material cost Which of the following journal entries would be used to record the transfer of completed units from the last processing department, Department Z, to the finished goods warehouse? Finished Goods xx OA. Work in Process - Department z Work in Process - Department z OB Finished Goods XX xx xx xx xx OC. . Cost...
Prepare journal entries to record the costs incurred in both the Refining Department and Blending Department during March. Key your entries to the items (a) through (g) below. Raw materials used in production. Direct labor costs incurred. Manufacturin
Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers. The grease is produced in two processing departments—Refining and Blending. Raw materials are introduced at various points in the Refining Department. The following incomplete Work in Process account is available for the Refining Department for March: Work in Process—Refining DepartmentMarch 1 balance32,000Completed and transferredto Blending?Materials150,600Direct labor81,200Overhead489,000March 31 balance? The March 1 work in process inventory in the Refining Department consists of the following elements: materials, $7,400; direct...
correct answer 18) In a process costing system, the entry to record the use of direct...
correct answer
18) In a process costing system, the entry to record the use of direct materials in production would include which of the following? A) debit to work in process inventory B) credit to finished goods inventory C) debit to materials inventory D) debit to finished goods inventory 18) 19) 19) The entry to record actual manufacturing overhead incurred in a processing department would department would include which of the following? A) credit to work in process inventory B)...
Exercise 5-7 Process Costing Journal Entries EXERCISE 5-7 Process Costing Journal Entries L05-1 Chocolaterie de Geneve,...
Exercise 5-7 Process Costing Journal Entries
EXERCISE 5-7 Process Costing Journal Entries L05-1 Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company make chocolate truffles that are sold in popular embossed tins. The company has two processing departments Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredi ents from the Cooking Department...
why
is it option B?
TIF Which of the following journal entries would be used to record application of manufacturing overhead to work in process in a process costing system with two processing departments, department A and department B? XXX XXX XXX A) Manufacturing Overhead Work in Process --Department A Work in Process --Department B B) Work in Process-Department Work in Process-Department B Manufacturing Overhead C) Work in Process--Department B Work in Process-Department A Manufacturing Overhead D) Work in Process--Department...
Which of the following journal entries would be used to record direct labor costs in a company having two processing departments (Department A and Department B)? Multiple Choice Work in Process-Department XXX A Work in Process-Department XXX B Salaries and Wages Payable XXX Salaries and Wages Expense XXX Salaries and Wages Payable XXX xxx Work in Process Salaries and Wages Payable XXX Salaries and Wages Payable xxx Work in Process XXX We were unable to transcribe this image
The journal entry a company would make under process costing to record allocated manufacturing overhead incurred in the Assembly Department would be xxx O A. WIP Inventory - Assembly Accounts Payable OB. Finished Goods Inventory xxx Xxx OC. WIP Inventory - Assembly xxx Manufacturing Overhead OD. Manufacturing Overhead Xxx Finished Goods Inventory xxx
Which of the following entries would you likely see in the records of a firm using a process costing system but NOT in the records of a firm using a job-order costing system? XXX Work in Process Raw Materials XXX XXX Manufacturing Overhead Wages Payable XXX Work in Process - Department A XXX Work in Process - Department B XXX XXX Finished Goods Work in Process XXX
The journal entry to record applying overhead during the production process is: 0 Manufacturing Overhead Work In Process 0 XXX Finished Goods Manufacturing Overhead XXX 0 Manufacturing Overhead Finished Goods XXX XXX 0 Work In Process Manufacturing Overhead
1. Prepare journal entries to record the costs incurred in both
the Refining Department and Blending Department during March. Key
your entries to the items (a) through (g) below.
2. Post the journal entries from (1) above to T-accounts. The
following account balances existed at the beginning of March. (The
beginning balance in the Refining Department’s Work in Process is
given in the T-account shown above.)
Lubricants, Inc., produces a special kind of grease that is widely used by race...
Salaries for assembly workers in the factory would be classified as a: manufacturing overhead cost O direct labor cost O selling cost direct material cost Which of the following journal entries would be used to record the transfer of completed units from the last processing department, Department Z, to the finished goods warehouse? Finished Goods xx OA. Work in Process - Department z Work in Process - Department z OB Finished Goods XX xx xx xx xx OC. . Cost...
correct answer
18) In a process costing system, the entry to record the use of direct materials in production would include which of the following? A) debit to work in process inventory B) credit to finished goods inventory C) debit to materials inventory D) debit to finished goods inventory 18) 19) 19) The entry to record actual manufacturing overhead incurred in a processing department would department would include which of the following? A) credit to work in process inventory B)...
Exercise 5-7 Process Costing Journal Entries
EXERCISE 5-7 Process Costing Journal Entries L05-1 Chocolaterie de Geneve, SA, is located in a French-speaking canton in Switzerland. The company make chocolate truffles that are sold in popular embossed tins. The company has two processing departments Cooking and Molding. In the Cooking Department, the raw ingredients for the truffles are mixed and then cooked in special candy-making vats. In the Molding Department, the melted chocolate and other ingredi ents from the Cooking Department...
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