Homework Answers
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1 |
Raw Material Inventory A/c Dr. |
40000 |
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To Accounts Payable |
40000 |
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(Being Raw material purchased on credit) |
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2 |
WIP Inventory-Roasting Department A/c Dr. |
17000 |
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To Raw Material Inventory |
17000 |
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(Being Raw material Transferred to Production Process) |
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3 |
Overhead A/c Dr. |
21000 |
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To Raw Material Inventory |
21000 |
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|
(Being Indirect Material issued in Production) |
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Prepare journal entries to record the following production activities. 1. Purchased $40,000 of raw materials on...
Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on...
Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit. 2. Used $18,000 of direct materials in the Roasting department. 3. Used $21,500 of indirect materials in production. View transaction list Journal entry worksheet < 1 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit. 2. Used...
Saved Prepare journal entries to record the following production activities. 1. Purchased $20,000 of raw materials...
Saved Prepare journal entries to record the following production activities. 1. Purchased $20,000 of raw materials on credit. 2. Used $16,000 of direct materials in the Roasting department. 3. Used $20,000 of indirect materials in production. 08 View transaction list Journal entry worksheet < 1 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Me Graw Hall < Prev 7 of 39 Next >
Prepare journal entries to record the following production activities. 1. Incurred $46,000 of direct labor in...
Prepare journal entries to record the following production activities. 1. Incurred $46,000 of direct labor in the Roasting department and $30,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of indirect labor in production (credit Factory Wages Payable) 3. Paid factory payroll. Journal entry worksheet < 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,000. 2. Applied overhead at 105% of direct labor costs. Direct labor costs were $49,000 in the Roasting department and $27,000 in the Blending department Journal entry worksheet 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for overhead...
Prepare journal entries to record the following production activities. 1. Incurred $50,000 of direct labor in...
Prepare journal entries to record the following production activities. 1. Incurred $50,000 of direct labor in the Roasting department and $31,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of Indirect labor in production (credit Factory Wages Payable). 3. Paid factory payroll. View transaction list Journal entry worksheet 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits General Journal Debit Transaction 1...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $45,000. 2. Applied overhead at 100% of direct labor costs. Direct labor costs were $39,000 in the Roasting department and $43,000 in the Blending department. View transaction list Journal entry worksheet < 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1....
Prepare journal entries to record the following production activities for Hotwax 1. Incurred $100,000 of direct...
Prepare journal entries to record the following production activities for Hotwax 1. Incurred $100,000 of direct labor in its Mixing department and $90,000 of direct labor in its Shaping department (credit Factory Wages Payable) 2. Incurred indirect labor of $13,500 (credit Factory Wages Payable). 3. Total factory payroll of $203,500 was paid in cash View transaction list Journal entry worksheet 1 2 3 > Record direct labor used, but not yet pald. Note: Enter debits before credits Transaction General Journal...
1. Prepare entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage(c)...
1.
Prepare entries dated June 30 to record: (a) raw materials
purchases, (b) direct materials usage(c) Indirect materials usage
d) direct labor usage, ) labor usageoverhead costs, () overhead
applied, and () payment of total payroll costs.
Required information [The following information applies to the questions displayed below.) Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Raw materials inventory Work in process inventory-Weaving...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,750. 2. Applied overhead at 110% of direct labor costs. Direct labor costs were $42,000 in the Roasting department and $33,000 in the Blending department. View transaction list Journal entry worksheet Record the entry for overhead applied to production. Note: Enter debits before credits. Transaction Debit Credit 2 General Journal Work in process inventory—Roasting Finshed goods inventory 82,500 82,500
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....
Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit. 2. Used $18,000 of direct materials in the Roasting department. 3. Used $21,500 of indirect materials in production. View transaction list Journal entry worksheet < 1 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1. Purchased $50,000 of raw materials on credit. 2. Used...
Saved Prepare journal entries to record the following production activities. 1. Purchased $20,000 of raw materials on credit. 2. Used $16,000 of direct materials in the Roasting department. 3. Used $20,000 of indirect materials in production. 08 View transaction list Journal entry worksheet < 1 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Me Graw Hall < Prev 7 of 39 Next >
Prepare journal entries to record the following production activities. 1. Incurred $46,000 of direct labor in the Roasting department and $30,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of indirect labor in production (credit Factory Wages Payable) 3. Paid factory payroll. Journal entry worksheet < 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,000. 2. Applied overhead at 105% of direct labor costs. Direct labor costs were $49,000 in the Roasting department and $27,000 in the Blending department Journal entry worksheet 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for overhead...
Prepare journal entries to record the following production activities. 1. Incurred $50,000 of direct labor in the Roasting department and $31,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of Indirect labor in production (credit Factory Wages Payable). 3. Paid factory payroll. View transaction list Journal entry worksheet 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits General Journal Debit Transaction 1...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $45,000. 2. Applied overhead at 100% of direct labor costs. Direct labor costs were $39,000 in the Roasting department and $43,000 in the Blending department. View transaction list Journal entry worksheet < 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1....
Prepare journal entries to record the following production activities for Hotwax 1. Incurred $100,000 of direct labor in its Mixing department and $90,000 of direct labor in its Shaping department (credit Factory Wages Payable) 2. Incurred indirect labor of $13,500 (credit Factory Wages Payable). 3. Total factory payroll of $203,500 was paid in cash View transaction list Journal entry worksheet 1 2 3 > Record direct labor used, but not yet pald. Note: Enter debits before credits Transaction General Journal...
1.
Prepare entries dated June 30 to record: (a) raw materials
purchases, (b) direct materials usage(c) Indirect materials usage
d) direct labor usage, ) labor usageoverhead costs, () overhead
applied, and () payment of total payroll costs.
Required information [The following information applies to the questions displayed below.) Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Raw materials inventory Work in process inventory-Weaving...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,750. 2. Applied overhead at 110% of direct labor costs. Direct labor costs were $42,000 in the Roasting department and $33,000 in the Blending department. View transaction list Journal entry worksheet Record the entry for overhead applied to production. Note: Enter debits before credits. Transaction Debit Credit 2 General Journal Work in process inventory—Roasting Finshed goods inventory 82,500 82,500
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....
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