Homework Answers
Ans:$390,000 is Correct Answer
|
Calculation of Direct Materials |
||
|
Value of goods transferred to Finished Goods |
$1,030,000 |
|
|
Add : Work in process at August 31 |
$220,000 |
|
|
Less : Work in process at August 1 |
$275,000 |
|
|
Less : Direct Labour cost |
$450,000 |
|
|
Less : Factory overhead applied |
$135,000 |
450,000*30% |
|
Direct Material cost debited to WIP |
$390,000 |
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10. Selected accounts with some debits and credits omitted are presented as follows: Aug. 1 31...
Selected accounts with some debits and credits omitted are presented as follows: Work in Process Aug. 1 Balance 275,000...
Selected accounts with some debits and credits omitted are presented as follows: Work in Process Aug. 1 Balance 275,000 Aug. 31 Goods finished 1,030,000 31 Direct materials X 31 Direct labor 450,000 31 Factory overhead X Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 Balance 15,000 31 Applied X If the balance of Work in Process at August 31 is $220,000, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead...
QUESTION 10 Selected accounts with amounts omitted are as follows Work in Process 275,000 Aug. 31...
QUESTION 10 Selected accounts with amounts omitted are as follows Work in Process 275,000 Aug. 31 Goods finished 1,030,000 Aug. 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead 450,000 Factory Overhead Aug. 1- Costs incurred 145,000 Aug. 1 Balance 31 31 Applied (30% of direct labor cost) 15,000 If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? a. $170,000 b....
Selected accounts with some amounts omitted are as follows Work in Process Aug. 275,000 31 Aug....
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Selected accounts with some amounts omitted are as follows Work in Process Aug. 1 Balance 271,500...
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Selected accounts with some amounts omitted are as follows Work in Process Aug. 1 Balance 252,100...
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Selected accounts with some amounts omitted are as follows Work in Process Aug. 1 Balance 252,100...
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please help with these please i am so confused. please do all them. thank you. 14....
please help with these please i am so confused. please do all
them. thank you.
14. The basis for recording direct and indirect labor costs incurred is a summary of the period a job order cost sheets b. time tickets c. employees' earnings records d clock cards 15. At the end of the fiscal year, the balance in Factory Overhead is small. This balance would normally be: a. transferred to Work in Process b. transferred to Cost of Goods Sold...
QUESTION 10 Selected accounts with amounts omitted are as follows Work in Process 275,000 Aug. 31 Goods finished 1,030,000 Aug. 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead 450,000 Factory Overhead Aug. 1- Costs incurred 145,000 Aug. 1 Balance 31 31 Applied (30% of direct labor cost) 15,000 If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? a. $170,000 b....
Selected accounts with some amounts omitted are as follows Work in Process Aug. 275,000 31 Aug. 1 Balance Goods finished 1,030,000 31 Direct materials 31 Direct labor 450,000 31 Factory overhead Factory Overhead Aug. 1 -31 Costs incurred Aug. 145,0001 Balance 15,000 31 Applied If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor...
DOORS and Magia Education Games Movies Videos & Music Productivity Security Toshiba ber 14 Calculator Selected accounts with amounts omitted are as follows Aug Goods finished 1,030,000 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead Work in Process 275,000 Aug. 31 X 450,000 x х < Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 Balance 15,000 31 Applied (30% of direct labor cost) If the balance of Work in Process on August 31 is $220,000, what...
Selected accounts with some amounts omitted are as follows Work in Process 254,200 Aug. 31 Goods finished 137,900 Aug. 1 31 31 31 Balance Direct materials Direct labor Factory overhead 42,800 Factory Overhead Aug. 1-31 Costs incurred 106,100 Aug. 1 Balance 16,000 31 Applied х If the balance of Work in Process on August 31 is $197,400, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct...
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please help with these please i am so confused. please do all
them. thank you.
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