The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:
Raw Materials | |||
Beg Bal | 5,200 | 9,400 | |
5,400 | |||
Work in Process | |||
Beg Bal | 4,300 | 22,400 | |
6,400 | |||
8,700 | |||
8,500 | |||
Finished Goods | |||
Beg Bal | 2,400 | 20,600 | |
22,400 | |||
Manufacturing Overhead | |||
3,000 | 8,500 | ||
3,700 | |||
3,400 | |||
Wages & Salaries Payable | |||
20,600 | Beg Bal | 2,700 | |
12,400 | |||
Cost of Goods Sold | |||
Beg Bal | 20,600 | ||
The manufacturing overhead applied was:
Answer:
The manufacturing overhead applied was: $8,500
Explanation:
Manufacturing overhead applied is 'Credit' side amount of 'Manufacturing overhead Account'.
Actual manufacturing overhead is 'Debit' side amounts of 'Manufacturing overhead Account'
Difference between debit & credit of manufacturing overhead account is 'Over/Under applied manufacturing overhead'.
Thus,
The manufacturing overhead applied was: $8,500
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,000 9,000 5,200 Work in Process Beg Bal 4,100 22,200 6,200 8,500 8,300 Finished Goods Beg Bal 2,200 20,400 22,200 Manufacturing Overhead 2,800 8,300 3,500 3,200 Wages & Salaries Payable 20,400 Beg Bal 2,500 12,000 Cost of Goods Sold Beg Bal 20,400 The direct materials cost was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 4,750 4,950 8,500 Beg Bal 21,950 Work in Process 3,850 5,950 8,250 8,050 Beg Bal Finished Goods 1,950 21,950 20,150 20,150 8,050 Manufacturing Overhead 2,550 3,250 2,950 Wages & Salaries Payable Cost of Goods Sold 20,150 20,150 Beg Bal Beg Bal 2,250 11,500 The manufacturing overhead was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,250 9,500 5,450 Work in Process Beg Bal 4,350 22,450 6,450 8,750 8,550 Finished Goods Beg Bal 2,450 20,650 22,450 Manufacturing Overhead 3,050 8,550 3,750 3,450 Wages & Salaries Payable 20,650 Beg Bal 2,750 12,500 Cost of Goods Sold Beg Bal 20,650 The Cost of Goods Manufactured was: A. $20,650 B. $22,450 C. $43,100 D. $9,200
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg Bal 3,650 21,750 5,750 8,050 7,850 Finished Goods Beg Bal 1,750 19,950 21,750 Manufacturing Overhead 2,350 7,850 3,050 2,750 Wages & Salaries Payable 19,950 Beg Bal 2,050 11,100 Cost of Goods Sold Beg Bal 19,950 The manufacturing overhead applied was:
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg Bal 3,650 21,750 5,750 8,050 7,850 Finished Goods Beg Bal 1,750 19,950 21,750 Manufacturing Overhead 2,350 7,850 3,050 2,750 Wages & Salaries Payable 19,950 Beg Bal 2,050 11,100 Cost of Goods Sold Beg Bal 19,950 The manufacturing overhead applied was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,050 5,250 9,100 Beg Bal 22,250 Work in Process 4,150 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О $3,250 overapplied $1,300 underapplied O O O O $3,250 underapplied O $1,300 overapplied
The following partially completed accounts summarize transactions for Faaberg Corporation during the year 5.000 5,600 Bet sal Work in Process 4,50 22, ς Bal The direct materials cost was ο ο ο Ο The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Work in Process Beg Bal Raw Materials 5,400 5,600 9,8ee Beg Bal 22,6ee 4,500 6,600 8,900 8,700 Mapes & Salaries Payable 20,800 Beg Bal 8,700 Manufacturing Overhead 3,200 3,900 3,600 2,900 12,800 The direct...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials 5,050 5,250 Work in Process 4,150 Beg Bal 9,100 Beg Bal 22,250 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О. $3,250 overapplied O $1,300 underapplied О O $3,250 underapplied O $1,300 overapplied
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,250 5,450 9,500 Beg Bal 22,450 Work in Process 4,350 6,450 8,750 8,550 5:20 Beg Bal Pinished Goods 2,450 22,450 20,650 8,550 Manufacturing Overhead 3,050 3,750 3,450 Wages & Salaries Payable 20,650 Beg Bal Cost of Goods Sold 20,650 2,750 12,500 Beg Bal The direct materials cost was!
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Credit Debit Beginning Balance 8,800 4,900 5,100 Work in Process Credit Debit Beginning Balance 22,100 4,000 6,100 8,400 8,200 Finished Goods Credit Debit Beginning Balance 20,300 2,100 22,100 Manufacturing Overhead Debit Credit 8,200 2,700 3,400 3,100 Debit Wages & Salaries Payable Credit 20,300 Beginning Balance 2,400 11,800 Cost of Goods Sold Debit Credit 20,300 The direct materials cost was: Multiple Choice O $8,800 $4,000 $6,100...