Homework Answers
Answer:
Explanation:
Amount to be charged as indirect materials =
$92,000 - $76,000
= $16,000
Amount to be charged as indirect labour =
$116,000 - $109,000
= $7,000
Actual manufacturing overhead incurred = $201,000
Amount that should have been absorbed as manufacturing overhead =
Actual manufacturing overhead incurred + Indirect materials + Indirect labour
= $201,000 + $16,000 + $7,000
= $224,000
Manufacturing overhead actually applied = $231,000
Difference = $231,000 - $224,000 = $7,000
:. Over applied by $7,000
Add Answer to:
Kirkaid Company recorded the following transactions for the just completed month: a. $92,000 in raw materials...
Kirkaid Company recorded the following transactions for the just completed month: a. $86.000 in raw materials...
Kirkaid Company recorded the following transactions for the just completed month: a. $86.000 in raw materials were requisitioned for use in production. Of this amount, $73,000 was for direct materials and the remainder was for indirect materials b. Total labor wages of $110,000 were incurred. Of this amount, $108,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $198,000 were incurred d. A total of $219,000 in manufacturing overhead was applied...
Kirkaid Company recorded the following transactions for the just completed month: a. $86,000 in raw materials...
Kirkaid Company recorded the following transactions for the just completed month: a. $86,000 in raw materials were requisitioned for use in production. Of this amount, $73,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $110,000 were incurred. Of this amount, $106,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $198,000 were incurred. d. A total of $219,000 in manufacturing overhead was applied...
Kirkaid Company recorded the following transactions for the just completed month: a. $102,000 in raw materials...
Kirkaid Company recorded the following transactions for the just completed month: a. $102,000 in raw materials were requisitioned for use in production. Of this amount, $81,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $126,000 were incurred. Of this amount, $114,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $206,000 were incurred. d. A total of $247,000 in manufacturing overhead was applied...
2. value: 1.00 points Kirkaid Company recorded the following transactions for the just completed month: a....
2. value: 1.00 points Kirkaid Company recorded the following transactions for the just completed month: a. $88,000 in raw materials were requisitioned for use in production. Of this amount, $74,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $112,000 were incurred. Of this amount, $107,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $199,000 were incurred. d. A total of $220,000 in...
For the month of April, Samuels, Inc. recorded the following transactions: a. $106,000 in raw materials...
For the month of April, Samuels, Inc. recorded the following transactions: a. $106,000 in raw materials were requisitioned for use in production. Of this amount, $83,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $130,000 were incurred. Of this amount, $116,000 was for direct labor and the remainder was for indirect labor. C. Additional actual manufacturing overhead costs of $208,000 were incurred. d. A total of $249,000 in manufacturing overhead was applied...
For the month of April, Samuels, Inc. recorded the following transactions: a $106,000 in raw materials...
For the month of April, Samuels, Inc. recorded the following transactions: a $106,000 in raw materials were requisitioned for use in production of this amount $83,000 was for direct materials and the remainder was for indirect materials.! b. Total labor wages of $130,000 were incurred. Of this amount, $116,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $208,000 were incurred. d. A total of $249,000 in manufacturing overhead was applied...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $112,000 were incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $175,000 were incurred. Required: Record...
Jurvin Enterprises recorded the following transactions for the just completed month. The company had no beginning...
Jurvin Enterprises recorded the following transactions for the just completed month. The company had no beginning inventories. a. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were requisitioned for use in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing...
ABC Co. recorded the following transactions for the just completed month. The company had no beginning inventories. a) $...
ABC Co. recorded the following transactions for the just completed month. The company had no beginning inventories. a) $157,000 in raw materials were purchased on account. b) $135,000 in raw materials were requisitioned for use in production. Of this amount, $122,000 was for direct materials and the remainder was for indirect materials. c) Total labor wages of $165,000 were incurred and paid. Of this amount, $145,000 was for direct labor and the remainder was for indirect labor. d) Additional manufacturing...
3. (9 points) Palden Company recorded the following transactions for the just completed month. The company...
3. (9 points) Palden Company recorded the following transactions for the just completed month. The company had no beginning inventories. (a) $72,000 in raw materials were purchased for cash. (6) $67,000 in raw materials were requisitioned for use in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materials. (c) Total labor wages of $112,000 were incurred and paid in cash. Of this amount, 894,000 was for direct labor and $18,000 was for indirect...
Kirkaid Company recorded the following transactions for the just completed month: a. $86.000 in raw materials were requisitioned for use in production. Of this amount, $73,000 was for direct materials and the remainder was for indirect materials b. Total labor wages of $110,000 were incurred. Of this amount, $108,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $198,000 were incurred d. A total of $219,000 in manufacturing overhead was applied...
Kirkaid Company recorded the following transactions for the just completed month: a. $86,000 in raw materials were requisitioned for use in production. Of this amount, $73,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $110,000 were incurred. Of this amount, $106,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $198,000 were incurred. d. A total of $219,000 in manufacturing overhead was applied...
2. value: 1.00 points Kirkaid Company recorded the following transactions for the just completed month: a. $88,000 in raw materials were requisitioned for use in production. Of this amount, $74,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $112,000 were incurred. Of this amount, $107,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $199,000 were incurred. d. A total of $220,000 in...
For the month of April, Samuels, Inc. recorded the following transactions: a. $106,000 in raw materials were requisitioned for use in production. Of this amount, $83,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $130,000 were incurred. Of this amount, $116,000 was for direct labor and the remainder was for indirect labor. C. Additional actual manufacturing overhead costs of $208,000 were incurred. d. A total of $249,000 in manufacturing overhead was applied...
For the month of April, Samuels, Inc. recorded the following transactions: a $106,000 in raw materials were requisitioned for use in production of this amount $83,000 was for direct materials and the remainder was for indirect materials.! b. Total labor wages of $130,000 were incurred. Of this amount, $116,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $208,000 were incurred. d. A total of $249,000 in manufacturing overhead was applied...
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $112,000 were incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $175,000 were incurred. Required: Record...
Jurvin Enterprises recorded the following transactions for the just completed month. The company had no beginning inventories. a. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were requisitioned for use in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing...
3. (9 points) Palden Company recorded the following transactions for the just completed month. The company had no beginning inventories. (a) $72,000 in raw materials were purchased for cash. (6) $67,000 in raw materials were requisitioned for use in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materials. (c) Total labor wages of $112,000 were incurred and paid in cash. Of this amount, 894,000 was for direct labor and $18,000 was for indirect...
Most questions answered within 3 hours.
-
As with many public goods, determining the appropriate level of
government support for the production of...
asked 24 seconds from now -
Write a balanced chemical equation for the oxidation reaction
between Caro’s acid (H2SO5) and CN– ion...
asked 2 minutes ago -
Calculate the number of valence electrons for
[Mo(C6H6)(CO)3]
asked 12 minutes ago -
Which of the following are true about the strength of the
association between two variables?
1-...
asked 9 minutes ago -
You are a monopolist and know that your consumers have a linear
demand curve. At what...
asked 8 minutes ago -
Raising a heavy load requires work. Raising it in half the time
requires:
asked 14 minutes ago -
MGT-201: Marketing Management
Before deciding on the structure of the channel marketers must
take several factors...
asked 14 minutes ago -
1. ACLs allow a router to control traffic within a network. The
concept is very similar...
asked 16 minutes ago -
35. When the electron in a hydrogen atom falls from its first
excited energy level to...
asked 17 minutes ago -
A man is dragging a box of mass "m" by using a rope which rests
on...
asked 33 minutes ago -
Liquid octane
(CH3(CH2)6CH3) will
react with gaseous oxygen (O2) to produce gaseous carbon
dioxide (CO2) and...
asked 35 minutes ago -
For the reaction N2(g) +
O2(g) --> 2NO(g), if the initial
concentration of NO was 0.00M...
asked 38 minutes ago