Answer
Solt Corporation uses a job-order costing system and has provided the following partially completed T-account summary...
Double Boe Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year: The cost of indirect materials requisitioned for use in production during the year was:
Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year $481,250 35,000 direct labor-hours Results of operations: 40,000 direct labor-hours Actual direct labor-hours Manufacturing overhead: Indirect labor cost Other manufacturing...
The following partially completed accounts summarize transactions for Faaberg Corporation during the year 5.000 5,600 Bet sal Work in Process 4,50 22, ς Bal The direct materials cost was ο ο ο Ο The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Work in Process Beg Bal Raw Materials 5,400 5,600 9,8ee Beg Bal 22,6ee 4,500 6,600 8,900 8,700 Mapes & Salaries Payable 20,800 Beg Bal 8,700 Manufacturing Overhead 3,200 3,900 3,600 2,900 12,800 The direct...
The below is partially completed T-accounts summarize transactions for Mercury Corporation during the year: Raw Materials Beg Bal 5,250 9,500 5,450 Work in Process Beg Bal 4,350 22,450 6,450 8,750 8,550 Finished Goods Beg Bal 2,450 20,650 22,450 Manufacturing Overhead 3,050 8,550 3,750 3,450 Wages & Salaries Payable 20,650 Beg Bal 2,750 12,500 Cost of Goods Sold Beg Bal 20,650 The Cost of Goods Manufactured was: Multiple Choice $20,650 $22,450 $43,100 $9,200
Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts. During October Kapanga worked on three jobs and incurred the following direct costs on those jobs Direct materials Direct labor Job 318 $ 12,000 $ 8,000 Job 319 $ 25,000 $ 10,000 Job C11 $ 18,000 $ 5,000 Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost. During...
Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: $ 475,000 $ 476,000 $ 640,000 Raw materials purchased on account Raw materials (all direct) requisitioned for use in production Direct labor cost Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred Cost of goods manufactured Cost of goods sold (unadjusted) $ 174,000 $ 498,000 $1,469,000 $1,430,000 What is the journal entry to record the direct and indirect...
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 30,700 $337, 700 $ 4.00 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 20 $ 575 $1,150 The amount of overhead...
Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: $ 475,000 $ 476,000 $ 640,000 Raw materials purchased on account Raw materials (all direct) requisitioned for use in production Direct labor cost Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred Cost of goods manufactured Cost of goods sold (unadjusted) What is the journal entry to record the direct and indirect labor costs incurred during the year?...
Tevebaugh Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year. Beginning inventories: Finished goods $ 30,000 Estimated total manufacturing overhead at the beginning of the year $ 568,000 Estimated direct labor-hours at the beginning of the year 32,000 direct labor-hours Results of operations: $ 501,000 $ 683,000 33,000 direct...
Tevebaugh Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Beginning inventories: Finished goods $ 30,000 Estimated total manufacturing overhead at the beginning of the year $ 568,000 Estimated direct labor-hours at the beginning of the year 32,000 direct labor-hours Results of operations: Raw materials (all direct) requisitioned for...