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5. What journal entry is recorded when a materials manager receives a materials requisition and then...
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....
1Record raw material purchases on credit. 2 Record the requisition of direct and indirect materials. 3...
1Record raw material purchases on credit.
2
Record the requisition of direct and indirect materials.
3
Record payment to computer consultant to reprogram factory
equipment.
4
Record the entry for direct and indirect labor, paid in
cash.
5
Record the entry to apply overhead to jobs 136, 138 and 139.
6
Record the transfer of completed jobs 136,138 and 139 to
finished goods.
7
Record the entry for sales on account for Jobs 136 and 138.
8
Record the entry...
4. On March 5, 20Y5, the materials department of Cards by Shannon received the following: Receiving...
4. On March 5, 20Y5, the materials department of Cards by Shannon received the following: Receiving Report No. 110 for $3,100, materials requisition for Job 22 for $200, materials requisition for Job 23 for $800, and Receiving Report No. 110 for $1,000. Prepare the journal entries to record the transactions if the company pays for the materials on account. 5. On March 6, 20Y5, the time tickets of employees at Cards by Shannon gave the following information: 10 hours for...
Exercise to Job Order Casting On March on the materials department of Cards by Hallmark received...
Exercise to Job Order Casting On March on the materials department of Cards by Hallmark received the following Receiving Report No. 110 for $1.100, materials requisition for Job 22 for 5200 materials requisition for lob 23 for $800, and Receiving Report No. 110 for 51.000 Required: Prepare the journal entries to record the transactions if the company pays for the materials on account b) On March 6, 2015, the time tickets of employees at Cards by Hallmark gave the following...
1. What is the journal entry to record raw materials used inproduction? (If no entry...
1. What is the journal entry to record raw materials used in
production? (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)2. What is the ending balance in Raw Materials?3. What is the journal entry to record the labor costs incurred
during the year? (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)4. What is the total amount of manufacturing overhead applied...
what is a summary journal entry for the materials requisitions? b. Determine the annual order and...
what is a summary journal entry for the materials requisitions?
b. Determine the annual order and carrying costs at the Penrose Manufacturing Inc. records the following use of materice a. Determine EOQ formula point E2-4 Journalizing materials requisitions during June: Materials Requisitions Indirect Materials Reg. No. 1 12. $1,800 Direct Date Use Materials 110 Material A, Job 10 $20,000 5 111 Material B, Job 11 18,000 9 112 Material B, Job 12 16,000 113 Factory supplies 18 114 Material C,...
1. What is the journal entry to record raw materials used in production? 2. What is...
1. What is the journal entry to record raw
materials used in production?
2. What is the ending balance in Raw Materials?
3. What is the journal entry to record the labor costs incurred
during the year?
4. What is the total amount of manufacturing overhead applied to
production during the year?
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 79,000...
1. what is the journal entey to record raw materials used in production? (if no entry...
1. what is the journal entey to record raw materials used in
production? (if no entry is required for a transaction/event,
select "no journal entey required" in the first account
field.)
2. What is the ending balance in Raw Materials?
3. What is the journal entry to record the labor costs
incurred during the year?
4. What is the total amount of manufacturing overhead applied
to production during the
year?
Required information The following information applies to the questions displayed...
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...
1. what is the journal entey to record raw materials used in production? (if no entry...
1. what is the journal entey to record raw materials used in
production? (if no entry is required for a transaction/event,
select "no journal entey required" in the first account
field.)
2. What is the ending balance in Raw Materials?
3. What is the journal entry to record the labor costs
incurred during the year?
4. What is the total amount of manufacturing overhead applied
to production during the
year?
5. What is the total manufacturing cost added to Work...
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....
1Record raw material purchases on credit.
2
Record the requisition of direct and indirect materials.
3
Record payment to computer consultant to reprogram factory
equipment.
4
Record the entry for direct and indirect labor, paid in
cash.
5
Record the entry to apply overhead to jobs 136, 138 and 139.
6
Record the transfer of completed jobs 136,138 and 139 to
finished goods.
7
Record the entry for sales on account for Jobs 136 and 138.
8
Record the entry...
Exercise to Job Order Casting On March on the materials department of Cards by Hallmark received the following Receiving Report No. 110 for $1.100, materials requisition for Job 22 for 5200 materials requisition for lob 23 for $800, and Receiving Report No. 110 for 51.000 Required: Prepare the journal entries to record the transactions if the company pays for the materials on account b) On March 6, 2015, the time tickets of employees at Cards by Hallmark gave the following...
1. What is the journal entry to record raw materials used in
production? (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)2. What is the ending balance in Raw Materials?3. What is the journal entry to record the labor costs incurred
during the year? (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)4. What is the total amount of manufacturing overhead applied...
what is a summary journal entry for the materials requisitions?
b. Determine the annual order and carrying costs at the Penrose Manufacturing Inc. records the following use of materice a. Determine EOQ formula point E2-4 Journalizing materials requisitions during June: Materials Requisitions Indirect Materials Reg. No. 1 12. $1,800 Direct Date Use Materials 110 Material A, Job 10 $20,000 5 111 Material B, Job 11 18,000 9 112 Material B, Job 12 16,000 113 Factory supplies 18 114 Material C,...
1. What is the journal entry to record raw
materials used in production?
2. What is the ending balance in Raw Materials?
3. What is the journal entry to record the labor costs incurred
during the year?
4. What is the total amount of manufacturing overhead applied to
production during the year?
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 79,000...
1. what is the journal entey to record raw materials used in
production? (if no entry is required for a transaction/event,
select "no journal entey required" in the first account
field.)
2. What is the ending balance in Raw Materials?
3. What is the journal entry to record the labor costs
incurred during the year?
4. What is the total amount of manufacturing overhead applied
to production during the
year?
Required information The following information applies to the questions displayed...
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...
1. what is the journal entey to record raw materials used in
production? (if no entry is required for a transaction/event,
select "no journal entey required" in the first account
field.)
2. What is the ending balance in Raw Materials?
3. What is the journal entry to record the labor costs
incurred during the year?
4. What is the total amount of manufacturing overhead applied
to production during the
year?
5. What is the total manufacturing cost added to Work...
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