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Event | Account | Debit | Credit | |
a | Web site Expense | $ 2,300 | ||
Cash | $ 2,300 | |||
b | Work in process inventory | $ 6,500 | ||
Manufacturing overheads | $ 3,500 | |||
Wages Payable | $ 10,000 | |||
c | Raw Material inventory | $ 19,000 | ||
Accounts Payable | $ 19,000 | |||
d | Work in process inventory | $ 8,000 | ||
Manufacturing overheads | $ 3,500 | |||
Raw material inventory | $ 11,500 | |||
e | Manufacturing overheads | $ 22,300 | ||
Accumulated Depreciation | $ 17,000 | |||
Prepaid Insurance | $ 1,600 | |||
Property Tax payable | $ 3,700 | |||
f | Work in process inventory | $ 9,750 | ||
Manufacturing overheads | $ 9,750 | |||
($6,500*150%) | ||||
g | Finished Goods Inventory | $ 32,000 | ||
Work in process inventory | $ 32,000 | |||
h | Accounts Receivable | $ 26,000 | ||
Sale | $ 26,000 | |||
Cost of Goods Sold | $ 14,000 | |||
Finished Goods inventory | $ 14,000 | |||
i | Cost of Goods Sold | $ 19,550 | ||
Manfacturing overheads | $ 19,550 | |||
Applied Overheads | $ 9,750 | |||
Actual Overheads: | ||||
Indirect Labor | $ 3,500 | |||
Indirect Material | $ 3,500 | |||
Depreciation | $ 17,000 | |||
Insurance | $ 1,600 | |||
Property Tax | $ 3,700 | |||
Total Actual Overheads | $ 29,300 | |||
Underapplied overheads | $ (19,550) | |||
Inventory Purchased | $ 27,000 | |||
Less: Ending Balance | $ (2,000) | |||
a & b | $ 25,000 | |||
c | From Work in process | $ 32,000 | ||
d | Balance from Cost of Goods Sold | $ 30,000 | ||
$35,700-$5.700 | ||||
e | From work in process | $ 4,500 | ||
f | Balance of Manufacturing overhead | $ 5,700 | ||
g | From Finished Goods=d | $ 30,000 |
please answer both questions More Info a. Incurred and paid Web site expenses, $2,300. b. Incurred...
Journalize the following transactions for Blanche's Benches. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,300. Date Accounts Debit a. 2.300 Cash Website Expenses b. Incurred manufacturing wages of $20.000. 70% of which was direct labor and 30% of which was in Date Accounts Debit b. Work-in-Process Inventory Choose from any list or enter any number in the input...
Score: 0 of 2 pts E17-24 (similar to) Journalize the following transactions for Flores' Benches. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses. $2,100. Date Accounts Debit Credit - X D More Info a. Incurred and paid Web site expenses, $2,100. b. Incurred manufacturing wages of $14,000. 70% of which was direct labor and 30% of which was indirect...
Journalize the following transactions for Judy's Sofas. Explanations are not required (Click the icon to view the transactions.) Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,300 Date Debit Credit iMore Info b. Incurred manufacturing wages of $10,000, 60% of which was direct labor and 40% of which was indirect labor a. Incurred and paid Web site expenses, $2.300 b. Incurred manufacturing wages of $10,000, 60% of which was direct...
Journalize the following transactions for Sleek's Furniture. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,100. b. Incurred manufacturing wages of $14,000, 65% of which was direct labor and 35% of which was indirect labor. c. Purchased raw materials on account, $20,000. d. Used in production: direct materials, $8,000; indirect materials, $2,500. e. Recorded manufacturing overhead: depreciation on plant,...
Journalize the following transactions for Marge's SofasMarge's Sofas. SOLVE ONLY FOR i. Adjusted for overallocated or underallocated overhead. Given information a.Incurred and paid Web site expenses $2,000. b.Incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor. c.Purchased raw materials on account $24,000. d.Used in production: direct materials,$7,500 ;indirect materials,$5,000. e.Recorded manufacturing overhead: depreciation on plant,$18,000;plant insurance (previously paid),$1,500;plant property tax, $3,900(credit Property Tax Payable). f.Allocated manufacturing overhead to jobs, 200% of...
Journalize the following transactions for Lake's Seats. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) e. Recorded manufacturing overhead: depreciation on plant, $12,000; plant insurance (previously paid), $1,300; plant property tax, $3,400 (credit Property Tax Payable). (Prepare a compound entry.) Date Accounts Debit Credit i More Info f. Allocated manufacturing overhead to jobs, 210% of direct labor costs. Date Accounts Debit Credit a. Incurred and paid...
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $77,900 $45,300 $80,300 $98,800 $276,900 $149,000 $19,600 $35,300 $25,700 115% The journal entry to record actual manufacturing overhead costs includes a O A. debit...
TUBULINUNUL U I UU66356365&Quebonld4&Plushed false&cid=5913127¢erwin-yes Apps G Gmail ODell BUSI 18 - Spring 2020 Ashley Rangel Homework: Chapter 17 Homework Score: 0.08 of 1 pt %E17-24 (similar to) 4 of 7 (4 complete) HW Score Journalize the following transactions for Judy's Sofas. Explanations are not required. i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) a. Incurred and paid Web site expenses, $2,600 Date Accounts Debit Credit 1 More Info...
Question Help 0 More Info trial balance on June 1 follows: June transactions are summarized as follo (Click the icon to view the transactions A Data Table • Raw Materials Inventory subsidiary ledger: Paper, $4,600; indirect materials, $1,300 • Work-in-Process Inventory subsidiary ledger: Job 120, $41,000; Job 121, $0 • Finished Goods Inventory subsidiary ledger: Large Stars, $9,600; Small Star $11,900 A Requirements Trial Balance June 1, 2018 0 More Info Account Title Balance Debit Credit 17,000 170,000 Cash $...
Please teach me how to answer the question as detail as possible. I have trouble answering them. Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $76,200 in raw materials were purchased for cash. b. $72,200 in raw materials were used in production. Of this amount, $65,400 was for direct materials and the remainder was for indirect materials. c. Total labor wages...