The journal entry to assign $1,500 of direct labor and $200 of indirect labor for the...
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The journal entry to assign $1,500 of direct labor and $200 of indirect labor for the current period involves a debit to: |
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Homework Answers
The entry would be
| Work in Process Inventory | 1500 | |
| Manufacturing overhead | 200 | |
| Factory wages payable | 1700 |
Option C is the answer
Add Answer to:
The journal entry to assign $1,500 of direct labor and $200 of
indirect labor for the...
Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then...
Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit (a) Present the journal entry for (b) manufacturing labor incurred. Journal Entry Accounts Debit Credit (b) Present the journal entry for (c) manufacturing overhead costs incurred. Journal Entry Accounts Debit Credit (c) Present the journal entry for (d) allocation of manufacturing overhead costs to jobs. Journal Entry Accounts Debit Credit (d) Present the journal...
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...
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor...
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $77,900 $45,300 $80,300 $98,800 $276,900 $149,000 $19,600 $35,300 $25,700 115% The journal entry to record actual manufacturing overhead costs includes a O A. debit...
de $600 of direct materials and stoof indirect materials to production 17) The journal entry to...
de $600 of direct materials and stoof indirect materials to production 17) The journal entry to issue $600 of direct mat involves debit(s) to the A) Work-in-Process Inventory account for B) Manufacturing Overhead account for 5630 C) Work-in-Process Inventory account for $600 and D) Work-in-Process Inventory account for $630 35 Inventory account for $600 and Finished Goods Inventory account for 530 ocess Inventory account for and Manufacturing Overhead account for $250 18) The journal entry to record indirect labor costs...
112020 In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of Indirect labor...
112020 In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of Indirect labor costs. The journal entry to record the accrual of these wages would include a Multiple Choice credit to Work in Process of $79.000 credit to Manufacturing Overhead of $6,000 debit to Manufacturing Overhead of 56.000 debit to Work in Process of $79,000
Exercise 2 Record journal entries for the following transactions: 7/1 Paid $200 to repair factory equipment...
Exercise 2 Record journal entries for the following transactions: 7/1 Paid $200 to repair factory equipment (Ck #512). 7/12 Purchased $400 raw materials on account from Distributor Co. 7/18 Paid factory property taxes of $120 (Ck #513). 7/31 Recorded $160 depreciation on factory machinery. Dr. 200 Date Account / Explanation 7/1 Manufacturing overhead Cash (Repair equipment ck#512) 200 400 7/12 Raw materials inventory Accounts payable (RM purchases - Distributor Co) 100 120 7/18 Manufacturing overhead Cash (Property taxes - Ck#513)...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the cost of direct materials used Work in Process Intory Finished Goods Inventory Factory Overhead 144.000 145,828 Beginning FG Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP Ending FG 271, eee 41,000 Multiple Chois 562.000 ooooo 3271.000 Using the following accounts and an overhead rate of 50% of direct labor cost determine the amount of spelled overness work In Process...
Question 21 Which journal entry would a company record when estimating the amount of overhead based...
Question 21 Which journal entry would a company record when estimating the amount of overhead based on direct labor cost? direct labor $20,000 overhead is estimated at 110% of direct labor dollars debit work in process inventory $22,000, credit manufacturing overhead $22,000 debit manufacturing overhead $22,000; credit work in process inventory $22,000 debit manufacturing overhead $20,000; credit work in process inventory $20,000 debit work in process inventory $20,000; credit manufacturing overhead $20,000
Options are: Actual Overhead Applied Overhead Direct Labor Cost Estimated Overhead Indirect Labor Indirect Materials Ot...
Options are:
Actual Overhead
Applied Overhead
Direct Labor Cost
Estimated Overhead
Indirect Labor
Indirect Materials
Other Overhead Costs
Overapplied Overhead
Underapplied Overhead
Exercise 15-13 Adjusting factory overhead LO P4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $48.500 11, 380 68,500 63,600 23,500 46.688 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash)...
DLOUD.CO Question 3 (0.5 points) Chastain Company assigned $75,000 of direct materials and $15,000 of indirect...
DLOUD.CO Question 3 (0.5 points) Chastain Company assigned $75,000 of direct materials and $15,000 of indirect materials to production. The journal entry to record this transaction is debit Work in Process Inventory $15,000; debit Manufacturing Overhead $75,000; credit Raw Materials Inventory $90,000 debit Raw Materials Inventory $90,000; credit Work in Process Inventory $75,000; credit Manufacturing Overhead $15,000 debit Work in Process Inventory $75,000; debit Manufacturing Overhead $15,000; credit Raw Materials Inventory $90,000 debit Raw Materials Inventory $90,000; credit Work in...
Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit (a) Present the journal entry for (b) manufacturing labor incurred. Journal Entry Accounts Debit Credit (b) Present the journal entry for (c) manufacturing overhead costs incurred. Journal Entry Accounts Debit Credit (c) Present the journal entry for (d) allocation of manufacturing overhead costs to jobs. Journal Entry Accounts Debit Credit (d) Present the journal...
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $77,900 $45,300 $80,300 $98,800 $276,900 $149,000 $19,600 $35,300 $25,700 115% The journal entry to record actual manufacturing overhead costs includes a O A. debit...
de $600 of direct materials and stoof indirect materials to production 17) The journal entry to issue $600 of direct mat involves debit(s) to the A) Work-in-Process Inventory account for B) Manufacturing Overhead account for 5630 C) Work-in-Process Inventory account for $600 and D) Work-in-Process Inventory account for $630 35 Inventory account for $600 and Finished Goods Inventory account for 530 ocess Inventory account for and Manufacturing Overhead account for $250 18) The journal entry to record indirect labor costs...
112020 In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of Indirect labor costs. The journal entry to record the accrual of these wages would include a Multiple Choice credit to Work in Process of $79.000 credit to Manufacturing Overhead of $6,000 debit to Manufacturing Overhead of 56.000 debit to Work in Process of $79,000
Exercise 2 Record journal entries for the following transactions: 7/1 Paid $200 to repair factory equipment (Ck #512). 7/12 Purchased $400 raw materials on account from Distributor Co. 7/18 Paid factory property taxes of $120 (Ck #513). 7/31 Recorded $160 depreciation on factory machinery. Dr. 200 Date Account / Explanation 7/1 Manufacturing overhead Cash (Repair equipment ck#512) 200 400 7/12 Raw materials inventory Accounts payable (RM purchases - Distributor Co) 100 120 7/18 Manufacturing overhead Cash (Property taxes - Ck#513)...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the cost of direct materials used Work in Process Intory Finished Goods Inventory Factory Overhead 144.000 145,828 Beginning FG Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP Ending FG 271, eee 41,000 Multiple Chois 562.000 ooooo 3271.000 Using the following accounts and an overhead rate of 50% of direct labor cost determine the amount of spelled overness work In Process...
Question 21 Which journal entry would a company record when estimating the amount of overhead based on direct labor cost? direct labor $20,000 overhead is estimated at 110% of direct labor dollars debit work in process inventory $22,000, credit manufacturing overhead $22,000 debit manufacturing overhead $22,000; credit work in process inventory $22,000 debit manufacturing overhead $20,000; credit work in process inventory $20,000 debit work in process inventory $20,000; credit manufacturing overhead $20,000
Options are:
Actual Overhead
Applied Overhead
Direct Labor Cost
Estimated Overhead
Indirect Labor
Indirect Materials
Other Overhead Costs
Overapplied Overhead
Underapplied Overhead
Exercise 15-13 Adjusting factory overhead LO P4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $48.500 11, 380 68,500 63,600 23,500 46.688 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash)...
DLOUD.CO Question 3 (0.5 points) Chastain Company assigned $75,000 of direct materials and $15,000 of indirect materials to production. The journal entry to record this transaction is debit Work in Process Inventory $15,000; debit Manufacturing Overhead $75,000; credit Raw Materials Inventory $90,000 debit Raw Materials Inventory $90,000; credit Work in Process Inventory $75,000; credit Manufacturing Overhead $15,000 debit Work in Process Inventory $75,000; debit Manufacturing Overhead $15,000; credit Raw Materials Inventory $90,000 debit Raw Materials Inventory $90,000; credit Work in...
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