Homework Answers
Answer
- Journal entries include:
--Debit to direct materials for material purchased
--Debit to direct labor for labor cost incurred
--Debit to manufacturing overhead by indirect labor
--Debit to Work in process and credit to direct material, direct labor and manufacturing overhead. - Correct answer is therefore Option ‘A’
A debit to Work in Process of $ 6395 [2138 + 1335 + 2922] for direct material used, and
a debit to manufacturing overhead of $ 65517 for indirect labor cost incurred.
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Question Not yet answered Marked out of 1.00 P Flag question The following costs were incurred...
Please show all steps so I can fully understand how to solve. thank you The following...
Please show all steps so I can fully understand how to
solve. thank you
The following costs were incurred to complete 3 jobs during the year Direct materials Direct labour Job Al $2384 $4278 Job G1 $1272 $3351 Job A2 $3032 $2996 In addition, the supervisor's salary (who is responsible for monitoring the whole 3rd and 4th floors of the factory) is $82961. The journal entries for the year will include which of the following: Select one: a. A debit...
Question 1 Not yet answered Marked out of 1.00 P Flag question Thing Co. uses a...
Question 1 Not yet answered Marked out of 1.00 P Flag question Thing Co. uses a job order costing system. At the beginning of July, the company had the following job in progress Job 70 $16064 During July, Thing Co. incurred the following job related costs Direct Materials $3451 13686 8274 Direct Labour S1460 15814 7694 Job 70 Job 80 Job 90 Manufacturing overhead is applied at a rate of S3.83 per $1 of direct labour cost. Jobs 70 and...
Question 3 Not yet answered Marked out of 1.00 P Flag question Data regarding Lager Ltd.'s...
Question 3 Not yet answered Marked out of 1.00 P Flag question Data regarding Lager Ltd.'s production for the year is given below: Per unit information: $13 Direct labour Direct material Applied manufacturing overhead Unit production (budget) 27358 23422 Unit production (actual) Actual overhead costs incurred $132749 Lager Ltd.'s manufacturing overhead for the year was: Select one: 0 a. over-applied by $58757 O b. Under-applied by $31205 c. Over-applied by $31 205 d. Under-applied by $58757 O
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and wages for factory workers were $112,070. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,610 33,470 39,870 39,080 3,180 159,210 Factory Labour $28,900 34,200 17,600 25,900 5,470 112,070 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,460. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number Materials A1 A2 Factory Labour $28,700 34,300 17,400 25,700 5,360 $43,380 33,420 39,530 39,280 3,140 A3 A4 General factory use Total 158,750 111,460 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
The following manufacturing costs were incurred: 1. Materials purchased on account were $256,900, and wages for...
The following manufacturing costs were incurred: 1. Materials purchased on account were $256,900, and wages for factory workers were $111,280. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 Materials $43,580 32,990 40,470 38,840 3,130 159,010 Factory Labour $28,800 34,200 18,000 25,100 5,180 111,280 A4 General factory use Total 3. Manufacturing overhead costs incurred on account were $69,900. 4. Depreciation on machinery and equipment was $16,910. 5. The manufacturing overhead rate...
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were...
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,430. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,900 33,890 39,660 38,970 3,060 159,480 Factory Labour $28,000 34,500 17,500 26,000 5,430 111,430 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15, and manufacturing overhead $20,200. As of January 1, Job No. 49 had been completed at a cost of $120,200 and was part of finished goods inventory. There...
Question 1 Not yet answered Marked out of 5.00 P Flag question Product scope is the...
Question 1 Not yet answered Marked out of 5.00 P Flag question Product scope is the features and functions that are to be included in a product or service. The product scope is measured by Select one: O a. project cost estimation O b. work breakdown structure O c. project schedule O d. project management plan O e. requirements Question 2 Not yet answered Marked out of 5.00 P Flag question If there are 10 persons in a project, what...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,600, direct labour $15,300, and manufacturing overhead $20,800. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
Please show all steps so I can fully understand how to
solve. thank you
The following costs were incurred to complete 3 jobs during the year Direct materials Direct labour Job Al $2384 $4278 Job G1 $1272 $3351 Job A2 $3032 $2996 In addition, the supervisor's salary (who is responsible for monitoring the whole 3rd and 4th floors of the factory) is $82961. The journal entries for the year will include which of the following: Select one: a. A debit...
Question 1 Not yet answered Marked out of 1.00 P Flag question Thing Co. uses a job order costing system. At the beginning of July, the company had the following job in progress Job 70 $16064 During July, Thing Co. incurred the following job related costs Direct Materials $3451 13686 8274 Direct Labour S1460 15814 7694 Job 70 Job 80 Job 90 Manufacturing overhead is applied at a rate of S3.83 per $1 of direct labour cost. Jobs 70 and...
Question 3 Not yet answered Marked out of 1.00 P Flag question Data regarding Lager Ltd.'s production for the year is given below: Per unit information: $13 Direct labour Direct material Applied manufacturing overhead Unit production (budget) 27358 23422 Unit production (actual) Actual overhead costs incurred $132749 Lager Ltd.'s manufacturing overhead for the year was: Select one: 0 a. over-applied by $58757 O b. Under-applied by $31205 c. Over-applied by $31 205 d. Under-applied by $58757 O
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and wages for factory workers were $112,070. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,610 33,470 39,870 39,080 3,180 159,210 Factory Labour $28,900 34,200 17,600 25,900 5,470 112,070 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,460. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number Materials A1 A2 Factory Labour $28,700 34,300 17,400 25,700 5,360 $43,380 33,420 39,530 39,280 3,140 A3 A4 General factory use Total 158,750 111,460 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
The following manufacturing costs were incurred: 1. Materials purchased on account were $256,900, and wages for factory workers were $111,280. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 Materials $43,580 32,990 40,470 38,840 3,130 159,010 Factory Labour $28,800 34,200 18,000 25,100 5,180 111,280 A4 General factory use Total 3. Manufacturing overhead costs incurred on account were $69,900. 4. Depreciation on machinery and equipment was $16,910. 5. The manufacturing overhead rate...
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,430. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,900 33,890 39,660 38,970 3,060 159,480 Factory Labour $28,000 34,500 17,500 26,000 5,430 111,430 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15, and manufacturing overhead $20,200. As of January 1, Job No. 49 had been completed at a cost of $120,200 and was part of finished goods inventory. There...
Question 1 Not yet answered Marked out of 5.00 P Flag question Product scope is the features and functions that are to be included in a product or service. The product scope is measured by Select one: O a. project cost estimation O b. work breakdown structure O c. project schedule O d. project management plan O e. requirements Question 2 Not yet answered Marked out of 5.00 P Flag question If there are 10 persons in a project, what...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,600, direct labour $15,300, and manufacturing overhead $20,800. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
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