Homework Answers
journal entries for the following events
| Transaction | journal entries | debit | credit |
| 1 | Raw material inventory | 76200 | |
| Accounts payable | 76200 | ||
| ( Record of purchase of Raw material) | |||
| 2 | work in process | 48000 | |
| Raw material inventory | 48000 | ||
| (Record of direct material used in production) | |||
| 3 | work in process | 15350 | |
| Factory wages payable | 15350 | ||
| (Record of direct labour used in production) |
| 4. | Work in process | 18420 | |
| Factory overhead (note) | 18420 | ||
| (Record of applied overhead) |
NOTE
appiled overhead=direct labour cost *120%
15350*120%=18420
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Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Direct labor incurred, but not yet paid Overhead rate $76,200 $48,000 $15,350 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production, but not yet paid. 4. Applied overhead.
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 85,800 $51,400 $18,500 135 % of direct labor cost ed Prepare journal entries to record the following events. ok at 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. nt ences
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $83,400 $49,600 $20,450 130 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < 1 2 3 4 Record raw materials purchased on account Note: Enter debits...
Starr Company reports the following information for August. Raw materials purchased on account $ 80,600 Direct...
Starr Company reports the following information for August. Raw materials purchased on account $ 80,600 Direct materials used in production $ 50,200 Factory wages earned (direct labor) $ 21,050 Overhead rate 135 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. Next Visit question map Question36of37Total36 of 37 Prev
Starr Company reports the following information for August. Raw materials purchased on account $ 84,600 Direct...
Starr Company reports the following information for August. Raw materials purchased on account $ 84,600 Direct materials used in production $ 50,000 Factory wages earned (direct labor) $ 15,650 Overhead rate 135 % of direct labor cost Prepare journal entries to record the following events. Raw materials purchased. Direct materials used in production. Direct labor used in production. Applied overhead. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record raw materials purchased on account, Record the entry...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $80, 200 $49,800 $15,800 125% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter...
Starr Company reports the following information for August. Raw materials purchased on account $76,200 Direct materials...
Starr Company reports the following information for
August.
Raw materials purchased on account $76,200
Direct materials used in production $48,000
Factory wages earned (direct labor) $15,350
Overhead rate 120 % of direct labor cost
Prepare journal entries to record the following events.
1. Raw materials purchased.
2. Direct materials used in production.
3. Direct labor used in production.
4. Applied overhead.
View transaction list Journal entry worksheet < ( 1 ) 2 3 4 Record raw materials purchased on account....
Starr Company reports the following information for August. Raw materials purchased on account $77,400 Direct materials...
Starr Company reports the following information for August. Raw materials purchased on account $77,400 Direct materials used in production $50,600 Factory wages earned (direct labor) $20,900 Overhead rate 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. Journal entry worksheet A B C D Record raw materials purchased on account. Note: Enter debits before credits Transaction General Journal...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $81,000 $48,400 $16,400 135 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 2. Applied overhead. View transaction list Journal entry worksheet < A B C...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August Raw materials purchased on account Direet materials used in production Factory wages earned direct labor) Overhead rate $89,000 $53,800 $21,050 125 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet « А в со Record...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Direct labor incurred, but not yet paid Overhead rate $76,200 $48,000 $15,350 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production, but not yet paid. 4. Applied overhead.
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 85,800 $51,400 $18,500 135 % of direct labor cost ed Prepare journal entries to record the following events. ok at 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. nt ences
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $83,400 $49,600 $20,450 130 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < 1 2 3 4 Record raw materials purchased on account Note: Enter debits...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $80, 200 $49,800 $15,800 125% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter...
Starr Company reports the following information for
August.
Raw materials purchased on account $76,200
Direct materials used in production $48,000
Factory wages earned (direct labor) $15,350
Overhead rate 120 % of direct labor cost
Prepare journal entries to record the following events.
1. Raw materials purchased.
2. Direct materials used in production.
3. Direct labor used in production.
4. Applied overhead.
View transaction list Journal entry worksheet < ( 1 ) 2 3 4 Record raw materials purchased on account....
Starr Company reports the following information for August. Raw materials purchased on account $77,400 Direct materials used in production $50,600 Factory wages earned (direct labor) $20,900 Overhead rate 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. Journal entry worksheet A B C D Record raw materials purchased on account. Note: Enter debits before credits Transaction General Journal...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $81,000 $48,400 $16,400 135 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 2. Applied overhead. View transaction list Journal entry worksheet < A B C...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August Raw materials purchased on account Direet materials used in production Factory wages earned direct labor) Overhead rate $89,000 $53,800 $21,050 125 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet « А в со Record...
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