The journal entry to record the transfer of 1,070 units of part number 1177 with a...
The journal entry to record the transfer of 1,070 units of part number 1177 with a value of $1.30 each, to work in process is
a.
| Work in Process | 1,391 | |
| Factory Overhead | 1,391 |
b.
| Work in Process | 1,391 | |
| Materials | 1,391 |
c.
| Materials | 1,391 | |
| Work in Process | 1,391 |
d.
| Work in Process | 1,391 | |
| Cash | 1,391 |
Homework Answers
The entry would be
| Work in Process | 1391 | |
| Materials | 1391 |
(1070*1.30)
Option B is the answer
Add Answer to:
The journal entry to record the transfer of 1,070 units of part
number 1177 with a...
The journal entry to record the transfer of 1,000 units of part number 1177 with a...
The journal entry to record the transfer of 1,000 units of part number 1177 with a value of $1.50 each, to work in process is 0 a. Work in Process Cash Ob. Work in Process $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 Factory Overhead Materials Work in Process Oc. Work in Process $1,500 Od. Materials $1,500
Indirect materials are any materials needed to make a product that can be directly traced to...
Indirect materials are any materials needed to make a product that can be directly traced to the product. True False Journalizing the entry to record a job completed would include a debit to a.Finished Goods b.Factory Overhead c.Work in Process d.Cost of Goods Sold The direct labor and overhead costs of providing services to clients are accumulated in a.Work in Process b.Administrative Salaries Expense c.Overhead d.Finished Services Expense The journal entry to record the transfer of 1,040 units of part...
Need some help with part 2 preparing the journal entry. a. Record raw material purchases on...
Need some help with part 2 preparing the journal entry.
a. Record raw material purchases on credit.
b. Record the requisition of direct and indirect materials.
c. Record payment to computer consultant to reprogram factory
equipment.
d. Record the entry for direct and indirect labor, paid in
cash.
e. Record the entry to apply overhead to jobs 136, 138 and
139.
f. Record the transfer of completed jobs 136,138 and 139 to
finished goods.
g(1). Record the entry for sales...
Journal entry one is given. Journal entry 2 record the raw materials used in production, 189,000...
Journal entry one is given.
Journal entry 2 record the raw materials used in production,
189,000 (151,200 direct materials and 37,800 indirect
materials).
Journal entry 3 record the entry for accrued direct Labor
costs incurred, 50,000; indirect Labor cost incurred, 22,000.
Journal entry 4 depreciation recorded on factory equipment,
105,000.
Journal entry 5 other manufacturing overhead costs accrued
during October, 130,000.
Journal entry 6 The company applies manufacturing overhead
cost to production on the basis of 6$ per machine hour....
a. The journal entry to assign costs of direct materials used in production includes which two...
a. The journal entry to assign costs of direct materials used in production includes which two of the following? Select the correct answer to complete each question. Multiple boxes may be checked if needed. Credit to Raw Materials Inventory Debit to Raw Materials Inventory Credit to Work in Process Inventory Debit to Factory Overhead Credit to Factory Overhead Debit to Work in Process Inventory b. The journal entry to record indirect materials used in production includes which two of the...
2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly....
2. Prepare the journal
entry dated May 31 to transfer the cost of units to
Assembly.
Check my work [The following information applies to the questions displayed below.] 14.28 points Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 21,600 units, and transferred 22,200 units of product to the Assembly department. Its 3,000 units...
Journal entry number one record entry to transfer fees income to income summary. Number to record...
Journal entry
number one record entry to transfer fees income to income summary.
Number to record entry to transfer expenses to income summary.
Number three record entry to transfer net income or net loss from
income summary to Capital. Number for record entry to transfer
drawings to Capital account. General ledger post the closing
entries to the owners capital account. Trial balance prepare a
post-closing trial balance
Danos Company's partial worksheet for the month ended December 31, 2019. is shown...
What is the journal entry for the application of Factory Overhead to Work in Process if...
What is the journal entry for the application of Factory Overhead to Work in Process if the driver is imprints, the rate is $1.80 per imprint, and the imprint meter reads 1,780 at the start of the day and 2,890 at the end of the day? a. Work in Process 1.80 Factory Overhead 1.80 O b. Work in Process 1,998 Depreciation Expense 1,998 OC. Work in Process 1,998 Cash 1,998 d. Work in Process 1,998 Factory Overhead 1,998 Carmel Company...
Review the information in the table below. What is the journal entry needed to record the...
Review the information in the table below. What is the journal entry needed to record the overhead allocation for the period? Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 102,000 $ 175,000 1588 $ 447,000 $ 459,000 $ 960,000 Multiple Choice $175,000 Work in Process Cash $175.000 $276.500 Factory Overhead Cash $275,500 < Prev 2 of 13 III Next > MacBook Pro Chapter...
2. Prepare journal entries for the month of April to record the above transactions Need helf...
2.
Prepare journal entries for the month of April to record the above
transactions
Need helf with f2,f3,f4
(The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is...
The journal entry to record the transfer of 1,000 units of part number 1177 with a value of $1.50 each, to work in process is 0 a. Work in Process Cash Ob. Work in Process $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 Factory Overhead Materials Work in Process Oc. Work in Process $1,500 Od. Materials $1,500
Need some help with part 2 preparing the journal entry.
a. Record raw material purchases on credit.
b. Record the requisition of direct and indirect materials.
c. Record payment to computer consultant to reprogram factory
equipment.
d. Record the entry for direct and indirect labor, paid in
cash.
e. Record the entry to apply overhead to jobs 136, 138 and
139.
f. Record the transfer of completed jobs 136,138 and 139 to
finished goods.
g(1). Record the entry for sales...
Journal entry one is given.
Journal entry 2 record the raw materials used in production,
189,000 (151,200 direct materials and 37,800 indirect
materials).
Journal entry 3 record the entry for accrued direct Labor
costs incurred, 50,000; indirect Labor cost incurred, 22,000.
Journal entry 4 depreciation recorded on factory equipment,
105,000.
Journal entry 5 other manufacturing overhead costs accrued
during October, 130,000.
Journal entry 6 The company applies manufacturing overhead
cost to production on the basis of 6$ per machine hour....
2. Prepare the journal
entry dated May 31 to transfer the cost of units to
Assembly.
Check my work [The following information applies to the questions displayed below.] 14.28 points Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 21,600 units, and transferred 22,200 units of product to the Assembly department. Its 3,000 units...
Journal entry
number one record entry to transfer fees income to income summary.
Number to record entry to transfer expenses to income summary.
Number three record entry to transfer net income or net loss from
income summary to Capital. Number for record entry to transfer
drawings to Capital account. General ledger post the closing
entries to the owners capital account. Trial balance prepare a
post-closing trial balance
Danos Company's partial worksheet for the month ended December 31, 2019. is shown...
What is the journal entry for the application of Factory Overhead to Work in Process if the driver is imprints, the rate is $1.80 per imprint, and the imprint meter reads 1,780 at the start of the day and 2,890 at the end of the day? a. Work in Process 1.80 Factory Overhead 1.80 O b. Work in Process 1,998 Depreciation Expense 1,998 OC. Work in Process 1,998 Cash 1,998 d. Work in Process 1,998 Factory Overhead 1,998 Carmel Company...
Review the information in the table below. What is the journal entry needed to record the overhead allocation for the period? Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 102,000 $ 175,000 1588 $ 447,000 $ 459,000 $ 960,000 Multiple Choice $175,000 Work in Process Cash $175.000 $276.500 Factory Overhead Cash $275,500 < Prev 2 of 13 III Next > MacBook Pro Chapter...
2.
Prepare journal entries for the month of April to record the above
transactions
Need helf with f2,f3,f4
(The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is...
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