Homework Answers
| Transaction | General Journal | Debit | Credit |
| 1 | Work - in - process Inventory | $ 1,40,000 | |
| Factory wages payable | $ 1,40,000 | ||
| (Being cost of direct labor recorded ($180000 - $40000 = $140000)) | |||
| 2 | Factory Overhead | $ 40,000 | |
| Factory wages payable | $ 40,000 | ||
| (Being cost of indirect labor recorded) |
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PLEASE HELP.....READ THE INSTRUCTION BERY CAREFULLY
During the current month, a company that uses job order...
Saved Help Save & During the current month, a company that uses job order costing incurred...
Saved Help Save & During the current month, a company that uses job order costing incurred a monthly factory payroll of $209,500. Of this amount, $42.000 is classified as indirect labor and the remainder as direct. Prepare lournal entries to record these transactions View transaction list Journal entry worksheet 12 Record the cost of direct labor used. Note: Enter debits before credits Transaction General Journal Debit Credit Journal entry worksheet Record the cost of indirect labor used. Note: Enter debits...
PLEASE HELP...READ THE QUESTIONS CAREFULLY!!!!! During the current month, a company that uses job order costing...
PLEASE HELP...READ THE QUESTIONS CAREFULLY!!!!!
During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials. Prepare journal entries to record these three transactions. View transaction list Journal entry worksheet < 1 2 3 Record the raw materials purchase for $50,000, paid in cash. Note: Enter debits before credits. Transaction General Journal Debit...
During the current month, a company that uses job order costing incurred a monthly factory payroll...
During the current month, a company that uses job order costing incurred a monthly factory payroll of $204,500. Of this amount, $54,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet AB Record the cost of direct labor used. Note: Enter debits before credits Transaction General Journal Debit Credit During the current month, a company that uses job order costing incurred a monthly factory payro $54,000...
During the current month, a company that uses job order costing incurred a monthly factory payroll...
During the current month, a company that uses job order costing incurred a monthly factory payroll of $239,500. Of this amount, $45,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < A B > Record the cost of direct labor used. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal
Check my During the current month, a company that uses job order costing incurred a monthly...
Check my During the current month, a company that uses job order costing incurred a monthly factory payroll of $235,500. Of this amount, $59,000 is classified as in direct labor and the remainder as direct. Prepare journal entries to record these transactions View transaction list Journal entry worksheet Record the cost of direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet Record the cost of indirect labor used. Note: Enter debits before credits...
Saved Help Save & Exit Submit Check my work During the current month, a company that...
Saved Help Save & Exit Submit Check my work During the current month, a company that uses job order costing incurred a monthly factory payroll of $204,500. Of this amount, $45,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list ped Journal entry worksheet ook Wint Record the cost of direct labor used. int erences Note: Enter debits before credits. Transaction General Journal Debit Credit 6. Record the cost...
please look at it carefully. its a same case for different problems Required information Use the...
please look at it carefully. its a same case for different
problems
Required information Use the following information to answer questions The following information applies to the questions displayed below es speci secur The following information is available for Lock Tite Company, which Job order costing system. oducts April 30 May 31 $ $35,000 9,680 68,000 46,000 20,388 34,100 174,000 200,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash)...
I need help with my assignment please Exercise 2-13 Recording events in job order costing LO...
I need help with my assignment please
Exercise 2-13 Recording events in job order costing LO P1, P2, P3, P4 Prepare summary journal entries to record the following transactions and events a through g for a company in its first month of operations a. Raw materials purchased on account, $94,000 b. Direct matenals used in production, $40,500. Indirect materials used in production, $25,000. a cash for factory payroll, $70,000. Of this total, $50,000 is for direct labor and $20,000 is...
Prepare summary journal entries to record the following transactions for a company in its first month...
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $116,000. b. Direct materials used in production, $46,000. Indirect materials used in production, $20,600. c. Paid cash for factory payroll, $55,000. Of this total, $41,000 is for direct labor and $14,000 is for indirect labor. d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost....
During the current month, a company that uses job order costing purchases $92,000 in raw materials...
During the current month, a company that uses job order costing purchases $92,000 in raw materials for cash. It then uses $25,000 of raw materials indirectly as factory supplies and uses $55,300 of raw materials as direct materials. Prepare journal entries to record these three transactions View transaction list Journal entry worksheet Record the raw materials purchase for $92,000, paid in cash. Note: Enter debits before credits Transaction General Journal Debit Credit Saved During the current month, a company that...
Saved Help Save & During the current month, a company that uses job order costing incurred a monthly factory payroll of $209,500. Of this amount, $42.000 is classified as indirect labor and the remainder as direct. Prepare lournal entries to record these transactions View transaction list Journal entry worksheet 12 Record the cost of direct labor used. Note: Enter debits before credits Transaction General Journal Debit Credit Journal entry worksheet Record the cost of indirect labor used. Note: Enter debits...
PLEASE HELP...READ THE QUESTIONS CAREFULLY!!!!!
During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $12,000 of raw materials indirectly as factory supplies and uses $32,000 of raw materials as direct materials. Prepare journal entries to record these three transactions. View transaction list Journal entry worksheet < 1 2 3 Record the raw materials purchase for $50,000, paid in cash. Note: Enter debits before credits. Transaction General Journal Debit...
During the current month, a company that uses job order costing incurred a monthly factory payroll of $204,500. Of this amount, $54,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet AB Record the cost of direct labor used. Note: Enter debits before credits Transaction General Journal Debit Credit During the current month, a company that uses job order costing incurred a monthly factory payro $54,000...
During the current month, a company that uses job order costing incurred a monthly factory payroll of $239,500. Of this amount, $45,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet < A B > Record the cost of direct labor used. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal
Check my During the current month, a company that uses job order costing incurred a monthly factory payroll of $235,500. Of this amount, $59,000 is classified as in direct labor and the remainder as direct. Prepare journal entries to record these transactions View transaction list Journal entry worksheet Record the cost of direct labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet Record the cost of indirect labor used. Note: Enter debits before credits...
Saved Help Save & Exit Submit Check my work During the current month, a company that uses job order costing incurred a monthly factory payroll of $204,500. Of this amount, $45,000 is classified as indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list ped Journal entry worksheet ook Wint Record the cost of direct labor used. int erences Note: Enter debits before credits. Transaction General Journal Debit Credit 6. Record the cost...
please look at it carefully. its a same case for different
problems
Required information Use the following information to answer questions The following information applies to the questions displayed below es speci secur The following information is available for Lock Tite Company, which Job order costing system. oducts April 30 May 31 $ $35,000 9,680 68,000 46,000 20,388 34,100 174,000 200,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash)...
I need help with my assignment please
Exercise 2-13 Recording events in job order costing LO P1, P2, P3, P4 Prepare summary journal entries to record the following transactions and events a through g for a company in its first month of operations a. Raw materials purchased on account, $94,000 b. Direct matenals used in production, $40,500. Indirect materials used in production, $25,000. a cash for factory payroll, $70,000. Of this total, $50,000 is for direct labor and $20,000 is...
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $116,000. b. Direct materials used in production, $46,000. Indirect materials used in production, $20,600. c. Paid cash for factory payroll, $55,000. Of this total, $41,000 is for direct labor and $14,000 is for indirect labor. d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost....
During the current month, a company that uses job order costing purchases $92,000 in raw materials for cash. It then uses $25,000 of raw materials indirectly as factory supplies and uses $55,300 of raw materials as direct materials. Prepare journal entries to record these three transactions View transaction list Journal entry worksheet Record the raw materials purchase for $92,000, paid in cash. Note: Enter debits before credits Transaction General Journal Debit Credit Saved During the current month, a company that...
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