Homework Answers
| Answer | |||
|
Transaction |
General Journal | Debit | Credit |
| 1 | Factory overhead | $ 9,000 | |
| Raw materials inventory | $ 90,000 | ||
| 2 | Factory overhead | $ 156,000 | |
| Other accounts | $ 156,000 | ||
| 3 | Work in process inventory | $ 175,000 | |
| Factory overhead | $ 175,000 | ||
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Prepare journal entries to record the following production activities for Hotwax. 16 1. Requisitioned $9,000 of...
Chapter 16 Homework Saved 4 Prepare journal entries to record the following production activities for Hotwax....
Chapter 16 Homework Saved 4 Prepare journal entries to record the following production activities for Hotwax. 15 points 1. Requisitioned $14,500 of indirect materials for use in production of surfboard wax. 2. Incurred $184,000 overhead costs (credit Other accounts). 3. Applied overhead at the rate of 140% of direct labor costs. Direct labor costs were $145,000 in the Mixing department and $95,000 in the Shaping department.. Book View transaction ist References Journal entry worksheet Requisitioned $14,500 of indirect materials for...
Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $65,000 in raw materials....
Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $65,000 in raw materials. Its mixing department requisitioned $61,500 of those materials for use in production Prepare journal entries to record its purchase of raw materials and requisition of direct materials. View transaction list Journal entry worksheet < 1 2 Record purchase of raw materials inventory on account. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Hotwax makes...
Prepare journal entries to record the following production activities for Hotwax 1. Incurred $100,000 of direct...
Prepare journal entries to record the following production activities for Hotwax 1. Incurred $100,000 of direct labor in its Mixing department and $90,000 of direct labor in its Shaping department (credit Factory Wages Payable) 2. Incurred indirect labor of $13,500 (credit Factory Wages Payable). 3. Total factory payroll of $203,500 was paid in cash View transaction list Journal entry worksheet 1 2 3 > Record direct labor used, but not yet pald. Note: Enter debits before credits Transaction General Journal...
Prepare journal entries to record the following production activities for Hotwax. 1. Incurred $85,000 of direct...
Prepare journal entries to record the following production activities for Hotwax. 1. Incurred $85,000 of direct labor in its Mixing department and $85,000 of direct labor in its Shaping department (credit Factory Wages Payable) 2. incurred indirect labor of $20,500 (credit Factory Wages Payable) 3. Total factory payroll of $190,500 was paid in cash. View transaction list Journal entry worksheet > Record direct labor used, but not yet paid. Note: Enter debits before credits General Journal Transaction 1 Debit Credit...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $45,000. 2. Applied overhead at 100% of direct labor costs. Direct labor costs were $39,000 in the Roasting department and $43,000 in the Blending department. View transaction list Journal entry worksheet < 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1....
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,000. 2. Applied overhead at 105% of direct labor costs. Direct labor costs were $49,000 in the Roasting department and $27,000 in the Blending department Journal entry worksheet 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for overhead...
Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $69,000 in raw materials....
Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $69,000 in raw materials. Its mixing department requisitioned $56,500 of those materials for use in production. Prepare journal entries to record its purchase of raw materials and requisition of direct materials. View transaction list Journal entry worksheet < 1 2 2 Record purchase of raw materials inventory on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,750. 2. Applied overhead at 110% of direct labor costs. Direct labor costs were $42,000 in the Roasting department and $33,000 in the Blending department. View transaction list Journal entry worksheet Record the entry for overhead applied to production. Note: Enter debits before credits. Transaction Debit Credit 2 General Journal Work in process inventory—Roasting Finshed goods inventory 82,500 82,500
Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on...
Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit. 2. Used $18,000 of direct materials in the Roasting department. 3. Used $21,500 of indirect materials in production. View transaction list Journal entry worksheet < 1 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit. 2. Used...
Prepare journal entries to record the following production activities. 1. Incurred $50,000 of direct labor in...
Prepare journal entries to record the following production activities. 1. Incurred $50,000 of direct labor in the Roasting department and $31,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of Indirect labor in production (credit Factory Wages Payable). 3. Paid factory payroll. View transaction list Journal entry worksheet 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits General Journal Debit Transaction 1...
Chapter 16 Homework Saved 4 Prepare journal entries to record the following production activities for Hotwax. 15 points 1. Requisitioned $14,500 of indirect materials for use in production of surfboard wax. 2. Incurred $184,000 overhead costs (credit Other accounts). 3. Applied overhead at the rate of 140% of direct labor costs. Direct labor costs were $145,000 in the Mixing department and $95,000 in the Shaping department.. Book View transaction ist References Journal entry worksheet Requisitioned $14,500 of indirect materials for...
Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $65,000 in raw materials. Its mixing department requisitioned $61,500 of those materials for use in production Prepare journal entries to record its purchase of raw materials and requisition of direct materials. View transaction list Journal entry worksheet < 1 2 Record purchase of raw materials inventory on account. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Hotwax makes...
Prepare journal entries to record the following production activities for Hotwax 1. Incurred $100,000 of direct labor in its Mixing department and $90,000 of direct labor in its Shaping department (credit Factory Wages Payable) 2. Incurred indirect labor of $13,500 (credit Factory Wages Payable). 3. Total factory payroll of $203,500 was paid in cash View transaction list Journal entry worksheet 1 2 3 > Record direct labor used, but not yet pald. Note: Enter debits before credits Transaction General Journal...
Prepare journal entries to record the following production activities for Hotwax. 1. Incurred $85,000 of direct labor in its Mixing department and $85,000 of direct labor in its Shaping department (credit Factory Wages Payable) 2. incurred indirect labor of $20,500 (credit Factory Wages Payable) 3. Total factory payroll of $190,500 was paid in cash. View transaction list Journal entry worksheet > Record direct labor used, but not yet paid. Note: Enter debits before credits General Journal Transaction 1 Debit Credit...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $45,000. 2. Applied overhead at 100% of direct labor costs. Direct labor costs were $39,000 in the Roasting department and $43,000 in the Blending department. View transaction list Journal entry worksheet < 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1....
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,000. 2. Applied overhead at 105% of direct labor costs. Direct labor costs were $49,000 in the Roasting department and $27,000 in the Blending department Journal entry worksheet 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for overhead...
Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $69,000 in raw materials. Its mixing department requisitioned $56,500 of those materials for use in production. Prepare journal entries to record its purchase of raw materials and requisition of direct materials. View transaction list Journal entry worksheet < 1 2 2 Record purchase of raw materials inventory on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,750. 2. Applied overhead at 110% of direct labor costs. Direct labor costs were $42,000 in the Roasting department and $33,000 in the Blending department. View transaction list Journal entry worksheet Record the entry for overhead applied to production. Note: Enter debits before credits. Transaction Debit Credit 2 General Journal Work in process inventory—Roasting Finshed goods inventory 82,500 82,500
Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit. 2. Used $18,000 of direct materials in the Roasting department. 3. Used $21,500 of indirect materials in production. View transaction list Journal entry worksheet < 1 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit. 2. Used...
Prepare journal entries to record the following production activities. 1. Incurred $50,000 of direct labor in the Roasting department and $31,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of Indirect labor in production (credit Factory Wages Payable). 3. Paid factory payroll. View transaction list Journal entry worksheet 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits General Journal Debit Transaction 1...
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