Homework Answers
Answer:
d. debit to Factory Overhead for $321,500
Reason: The factory overhead is expenses. As per accounting rules while recording expenses, the expenses should debit. so here factory overhead should debited for $321,500
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NFS 182 WW1 HW CengageNOW2 Online teaching and learning resource from Cengage Learning The Thorin Company...
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question number 2
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The Thomlin Company forecasts that total overhead for the current year will be $11,298,000 with 156,000 total machine hours. Year to date, the actual overhead is $7,722,000 and the actual machine hours are 100,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a...
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $355,104 and direct labor hours would be 49,100. Actual manufacturing overhead costs incurred were $318,000, and actual direct labor hours were 51,000. The journal entry to apply the factory overhead costs for the year would include a a debit to Factory Overhead for $318,000 b. credit to Factory Overhead for $355,100 c. credit to Factory...
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $172,800 and direct labor hours would be 21,600. Actual manufacturing overhead costs incurred were $140,000, and actual direct labor hours were 14,000. The entry to apply the factory overhead costs for the year would include a a. debit to Factory Overhead for $140,000 Ob. debit to Factory Overhead for $112,000 Oc. credit to Factory Overhead...
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question number 2
Dengagallow2 Online teaching and leaming resource from Cengage Leaming Print 1. MC.15.69 In order to be useful to managers, managerial accounting reports should possess all of the following characteristics except a. be prepared in accordance with generally accepted accounting principles b. provide objective measures of past operations and subjective estimates about future decisions c. be prepared to report information for any unit of the business to support decision making d. be provided at any time management needs...
These 10 pages are related to one assignment. The pages are in
(page order):
2 I Online ten-hing and iearning resource from Cengage Learning 5/10/2019 -S Equivalent Units of Producti The Converting Department of Hopkinsville Company had 640 units in work in process at the beginning of the period, which were 25% complete. During the period, 13,600 units were completed and transferred to the Packing Department here were 720 units in process at the end of he period which were...
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