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Direct laber costs Instructions Journal Chart of Accounts Instructions During May, Bargan Company accumulated 2.500 hours...
Direct labor costs Instructions Chart of Accounts Journal Instructions Duning May Bergan Company accumulated 19.000 hours...
Direct labor costs Instructions Chart of Accounts Journal Instructions Duning May Bergan Company accumulated 19.000 hours of direct labor costs on Job 200 and 22.000 hours on Job 305 The total direct labor was incurred at a rate of $20.00 per direct labor hour for Jeb 200 and $21.00 per direct labor hour for Job 305 Journalize the entry on May 30 to record the flow of labor costs into production during May Refer to the Chart of Accounts for...
Instructions Chart of Accounts Journal Instructions Munson Co. uses a job order cost system. The following data s...
Instructions Chart of Accounts Journal Instructions Munson Co. uses a job order cost system. The following data summarize the operations related to production for July July 1 Materials purchased on account, $225,750 Materials requisitioned, $217,600, of which $17,600 was for general factory use 2 31 Factory labor used, $680,000, of which $72,300 was indirect Other costs incured on account for factory overhead, $330,000; selling expenses, $180,000, and 31 administrative expenses, $126,000 31 Prepaid expenses expired for factory overhead, $27,500, for...
BE 16-2 Direct labor costs Obj. 2 During May, Bergan Company accumulated 2.500 hours of direct...
BE 16-2 Direct labor costs Obj. 2 During May, Bergan Company accumulated 2.500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for Job 200 and $24 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May BE 16-3 Factory overhead costs Obj. 2 During May, Bergan Company incurred...
Entries and schedules for unfinished jobs and completed Jobs Instructions Chart of Accounts Amount Descriptions Journal...
Entries and schedules for unfinished jobs and completed Jobs Instructions Chart of Accounts Amount Descriptions Journal Accounts Schedule of Unfinished Jobs Instructions Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a. Materials purchased on account, $28,580. b. Materials requisitioned and factory labor used: Job Factory Labor $2.760 301 302 3,770 303 1,860 Materials $3.030 3,490 2,520 8,290 5,000 3,890 1,130 305 306 For...
Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal...
Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal Accounts Schedule of Unfinished Jobs Schedule of Instructions Tybee Industries Inc, uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations a Materials purchased on account, $29,800 b. Materials requisitioned and factory labor used: Job 301 Materials $ 2,960 3,620 2,400 8,100 5,100 3.750 1,080 Factory Labor 52.775 3,750 1.875 6.360 5.250...
Direct Labor Costs During May, Hatch Company accumulated 640 hours of direct labor costs on Job...
Direct Labor Costs During May, Hatch Company accumulated 640 hours of direct labor costs on Job 200 and 710 hours on Job 305. The total direct labor was incurred at a rate of $11 per direct labor hour for Job 200 and $16 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May. If an amount box does not require an entry, leave it blank.
Instructions Chart of Accounts Cost of Production Report Journal Instructions White Diamond Flour Company manufactures flour...
Instructions Chart of Accounts Cost of Production Report Journal Instructions White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1: Work in Process-Sifting Department (700 units, 3/5 completed): Direct materials (700 * $2,35) $1,645 Conversion...
Chart of accounts Instructions Yurman Inc. uses a job-order costing system. During the month of May,...
Chart of accounts
Instructions Yurman Inc. uses a job-order costing system. During the month of May, the following transactions occurred: May 1 Purchased materials on account for $29,670. 3 31 Requisitioned materials totaling $24,500 for use in production. Of the total, $9,200 was for Job 58, $8,900 for Job 59, and the remainder for Job 60. Incurred direct labor for the month of $32,400, with an average wage of $18 per hour. Job 58 used 800 hours; Job 59, 600...
Almerinda Company estimates that total factory overhead costs will be $1,694,000 for the year. Direct labor...
Almerinda Company estimates that total factory overhead costs will be $1,694,000 for the year. Direct labor hours are estimated to be 484,000. Required: A. For Almerinda Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. B. During April, Almerinda Company accumulated 21,100 hours of direct labor costs on Job 50 and 25,200 hours on Job 51. Determine the amount of factory overhead applied to Jobs 50 and 51 in April. C. Prepare the journal...
Instructions Chart of Accounts Amount Descriptions Journal T Accounts < HI Instructions Kurtz Fencing Inc. uses...
Instructions Chart of Accounts Amount Descriptions Journal T Accounts < HI Instructions Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a. Materials purchased on account, $30,100. b. Materials requisitioned and factory labor used: Job Materials Factory Labor $3,110 $2,720 301 302 3,710 3,810 303 1,970 2,400 8,500 304 6,870 305 5,210 5,410 306 3,850 3,290 For general factory use 1,080 4,120 c. Factory...
Direct labor costs Instructions Chart of Accounts Journal Instructions Duning May Bergan Company accumulated 19.000 hours of direct labor costs on Job 200 and 22.000 hours on Job 305 The total direct labor was incurred at a rate of $20.00 per direct labor hour for Jeb 200 and $21.00 per direct labor hour for Job 305 Journalize the entry on May 30 to record the flow of labor costs into production during May Refer to the Chart of Accounts for...
Instructions Chart of Accounts Journal Instructions Munson Co. uses a job order cost system. The following data summarize the operations related to production for July July 1 Materials purchased on account, $225,750 Materials requisitioned, $217,600, of which $17,600 was for general factory use 2 31 Factory labor used, $680,000, of which $72,300 was indirect Other costs incured on account for factory overhead, $330,000; selling expenses, $180,000, and 31 administrative expenses, $126,000 31 Prepaid expenses expired for factory overhead, $27,500, for...
BE 16-2 Direct labor costs Obj. 2 During May, Bergan Company accumulated 2.500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for Job 200 and $24 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May BE 16-3 Factory overhead costs Obj. 2 During May, Bergan Company incurred...
Entries and schedules for unfinished jobs and completed Jobs Instructions Chart of Accounts Amount Descriptions Journal Accounts Schedule of Unfinished Jobs Instructions Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a. Materials purchased on account, $28,580. b. Materials requisitioned and factory labor used: Job Factory Labor $2.760 301 302 3,770 303 1,860 Materials $3.030 3,490 2,520 8,290 5,000 3,890 1,130 305 306 For...
Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal Accounts Schedule of Unfinished Jobs Schedule of Instructions Tybee Industries Inc, uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations a Materials purchased on account, $29,800 b. Materials requisitioned and factory labor used: Job 301 Materials $ 2,960 3,620 2,400 8,100 5,100 3.750 1,080 Factory Labor 52.775 3,750 1.875 6.360 5.250...
Instructions Chart of Accounts Cost of Production Report Journal Instructions White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1: Work in Process-Sifting Department (700 units, 3/5 completed): Direct materials (700 * $2,35) $1,645 Conversion...
Chart of accounts
Instructions Yurman Inc. uses a job-order costing system. During the month of May, the following transactions occurred: May 1 Purchased materials on account for $29,670. 3 31 Requisitioned materials totaling $24,500 for use in production. Of the total, $9,200 was for Job 58, $8,900 for Job 59, and the remainder for Job 60. Incurred direct labor for the month of $32,400, with an average wage of $18 per hour. Job 58 used 800 hours; Job 59, 600...
Instructions Chart of Accounts Amount Descriptions Journal T Accounts < HI Instructions Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a. Materials purchased on account, $30,100. b. Materials requisitioned and factory labor used: Job Materials Factory Labor $3,110 $2,720 301 302 3,710 3,810 303 1,970 2,400 8,500 304 6,870 305 5,210 5,410 306 3,850 3,290 For general factory use 1,080 4,120 c. Factory...
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