Homework Answers
| Transaction | General Journal | Debit | Credit |
| 1 | Raw materials inventory | $81,000 | |
| Accounts payable | $81,000 | ||
| 2 | Work in process inventory | $48,400 | |
| Raw materials inventory | $48,400 | ||
| 3 | Work in process inventory | $16,400 | |
| Factory payroll payable | $16,400 | ||
| 4 | Work in process inventory | $22,140 | |
| Factory overhead | $22,140 |
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Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 79,400 $ 56,200 $ 18,800 140 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet <...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August Raw materials purchased on account Direet materials used in production Factory wages earned direct labor) Overhead rate $89,000 $53,800 $21,050 125 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet « А в со Record...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $80, 200 $49,800 $15,800 125% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $83,400 $49,600 $20,450 130 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < 1 2 3 4 Record raw materials purchased on account Note: Enter debits...
Starr Company reports the following information for August. Raw materials purchased on account $ 84,600 Direct...
Starr Company reports the following information for August. Raw materials purchased on account $ 84,600 Direct materials used in production $ 50,000 Factory wages earned (direct labor) $ 15,650 Overhead rate 135 % of direct labor cost Prepare journal entries to record the following events. Raw materials purchased. Direct materials used in production. Direct labor used in production. Applied overhead. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record raw materials purchased on account, Record the entry...
Starr Company reports the following information for August. Raw materials purchased on account $77,400 Direct materials...
Starr Company reports the following information for August. Raw materials purchased on account $77,400 Direct materials used in production $50,600 Factory wages earned (direct labor) $20,900 Overhead rate 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. Journal entry worksheet A B C D Record raw materials purchased on account. Note: Enter debits before credits Transaction General Journal...
Starr Company reports the following information for August. Raw materials purchased on account $76,200 Direct materials...
Starr Company reports the following information for
August.
Raw materials purchased on account $76,200
Direct materials used in production $48,000
Factory wages earned (direct labor) $15,350
Overhead rate 120 % of direct labor cost
Prepare journal entries to record the following events.
1. Raw materials purchased.
2. Direct materials used in production.
3. Direct labor used in production.
4. Applied overhead.
View transaction list Journal entry worksheet < ( 1 ) 2 3 4 Record raw materials purchased on account....
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The...
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below! in April is $384,000. Over 523,000; and factory equ85.000 cash in April Marcelino Co's March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $600.000, and factory payroll cost in April is $384.000. Overhead costs incurred in April are indirect materials, $58,000: Indirect labor, $23.000 factory rent, $40,000; factory utilities, $23,000, and...
Starr Company reports the following information for August. Raw materials purchased on account $ 80,600 Direct...
Starr Company reports the following information for August. Raw materials purchased on account $ 80,600 Direct materials used in production $ 50,200 Factory wages earned (direct labor) $ 21,050 Overhead rate 135 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. Next Visit question map Question36of37Total36 of 37 Prev
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 85,800 $51,400 $18,500 135 % of direct labor cost ed Prepare journal entries to record the following events. ok at 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. nt ences
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 79,400 $ 56,200 $ 18,800 140 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet <...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August Raw materials purchased on account Direet materials used in production Factory wages earned direct labor) Overhead rate $89,000 $53,800 $21,050 125 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet « А в со Record...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $80, 200 $49,800 $15,800 125% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $83,400 $49,600 $20,450 130 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < 1 2 3 4 Record raw materials purchased on account Note: Enter debits...
Starr Company reports the following information for August. Raw materials purchased on account $77,400 Direct materials used in production $50,600 Factory wages earned (direct labor) $20,900 Overhead rate 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. Journal entry worksheet A B C D Record raw materials purchased on account. Note: Enter debits before credits Transaction General Journal...
Starr Company reports the following information for
August.
Raw materials purchased on account $76,200
Direct materials used in production $48,000
Factory wages earned (direct labor) $15,350
Overhead rate 120 % of direct labor cost
Prepare journal entries to record the following events.
1. Raw materials purchased.
2. Direct materials used in production.
3. Direct labor used in production.
4. Applied overhead.
View transaction list Journal entry worksheet < ( 1 ) 2 3 4 Record raw materials purchased on account....
Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below! in April is $384,000. Over 523,000; and factory equ85.000 cash in April Marcelino Co's March 31 inventory of raw materials is $87,000. Raw materials purchases in April are $600.000, and factory payroll cost in April is $384.000. Overhead costs incurred in April are indirect materials, $58,000: Indirect labor, $23.000 factory rent, $40,000; factory utilities, $23,000, and...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 85,800 $51,400 $18,500 135 % of direct labor cost ed Prepare journal entries to record the following events. ok at 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. nt ences
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