Homework Answers
| Direct Materials Inventory | |||
| Bal. | 29000 | ||
| (1) | 497000 | (3) | 417000 |
| Bal. | 109000 | ||
| Work in Process Inventory | |||
| Bal. | 13000 | ||
| (3) | 417000 | (7) | 2100000 |
| (4) | 950011 | ||
| (6) | 757500 | ||
| Bal. | 37511 | ||
| Manufacturing Overhead | |||
| (2) | 240000 | (6) | 757500 |
| (5) | 569000 | ||
| Bal. | 51500 | ||
| Finished Goods Inventory | |||
| Bal. | 39000 | ||
| (7) | 2100000 | (8) | 2004000 |
| Bal. | 135000 | ||
Overhead was underapplied by $51500
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The following events occurred over the course of a year at Bonita Corp, which uses a...
The following events occurred over the course of a year at Bonita Corp., which uses a...
The following events occurred over the course of a year at Bonita Corp., which uses a job order costing system: 1. Direct materials purchases totaled $581,000. Bonita Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $131,000 of indirect materials were used in production. Bonita uses a separate Supplies Inventory account for indirect materials. 3. $569,000 of direct materials were used in production. 4. The direct labor payroll was $791,000 (credit Wages Payable)....
The following events occurred over the course of a year at Waterway Corp, which uses a...
The following events occurred over the course of a year at Waterway Corp, which uses a job order costing system: 1. Direct materials purchases totaled $589,000. Waterway Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $132,000 of indirect materials were used in production Waterway uses a separate Supplies Inventory account for indirect materials 3. $560,000 of direct materials were used in production 4. The direct labor payroll was $791,000 (credit Wages Payable)....
Her System Announcements CALCULATOR PRINTER VERSION Exercise 4-17 The following events occurred over the course of...
Her System Announcements CALCULATOR PRINTER VERSION Exercise 4-17 The following events occurred over the course of a year at Crane Corp., which uses a job order costing system: 1. Direct materials purchases totaled $400,000. Crane Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $230,000 of indirect materials were used in production. Crane uses a separate Supplies Inventory account for indirect materials. 3. $413,000 of direct materials were used in production. 4. The...
Problem 15-01A a-h (Video) (Part Level Submission) Bonita Company uses a job order cost system and...
Problem 15-01A a-h (Video) (Part Level Submission) Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,200, direct labor $12,720, and manufacturing overhead $16,960. As of January 1, Job 49 had been completed at a cost of $95,400 and was part of...
Drew Corp. designs and manufactures mascot uniforms for high school, college, and professional sports teams. Since...
Drew Corp. designs and manufactures mascot uniforms for high school, college, and professional sports teams. Since each team's uniform is unique in color and design, Drew uses a job order costing system. On January 1, the T-accounts for some of Drew's primary balance sheet accounts were as follows: Raw Materials Inventory 15,000 Work In Process Inventory Beg. 31,000 Beg. Beg. Finished Goods Inventory 22,000 Cash 32,000 Beg. Accounts Receivable 56,000 Accounts Payable Beg. Beg. 42,000 During the year, the following...
the drop down box's options are: overapplied or underapplied Bonita, Inc. manufactures ergonomically designed computer furniture....
the drop down box's options
are: overapplied or underapplied
Bonita, Inc. manufactures ergonomically designed computer furniture. Bonita uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job No. CC723 CH291 PS812 Item Computer caddy Chair Printer stand Units 26,000 17,000 28,000 Accumulated Cost $940,000 434,000 282,000 $1,656,000 On November 30, Bonita's Raw Materials Inventory account totaled $686,000, and its Finished Goods Inventory totaled $3,461,400. Bonita applies manufacturing overhead on the...
The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,700 9 oints Work-In-Process Inventory BB...
The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,700 9 oints Work-In-Process Inventory BB (11/1) 33,300 Dir.Materials 85,500 Cost of Goods Sold Finished Goods Inventory EB (11/30) 99,000 Manufacturing Overhead Control eBook Applied Manufacturing Overhead 258,000 Sales Revenue 721,800 Wages Payable Print Additional Data References • Materials of $113,700 were purchased during the month, and the balance in the Materials Inventory account increased by $11,800. • Overhead is applied at the rate of 150 percent of direct labor...
please fill in miss parts in T account The following T-accounts represent November activity Materials Inventory Work-I...
please fill in miss parts in T account
The following T-accounts represent November activity Materials Inventory Work-In-Process Inventory Ев (11/30) вв (11/1) 56,400 32,400 Dir.Materials 86,700 Finished Goods Inventory Cost of Goods Sold EB (11/30) 100,000 Applied Manufacturing overhead Manufacturing Overhead Control 270,000 Wages Payable Sales Revenue 761,900 Additional Data Materials of $111,900 were purchased during the month, and the balance in the Materials Inventory account increased by $10,700. Overhead is applied at the rate of 150 percent of direct...
Drew Corp. Designs and manufactures mascot uniforms for high school, college, and professional sports teams. Since...
Drew Corp. Designs and manufactures mascot uniforms for high school, college, and professional sports teams. Since each team's uniform is unique in color and design, Drew uses a job order costing system. On January 1, the T-accounts for some of Drew's primary balance sheet accounts were as follows: Raw materials inventory- 59400 Finished Goods Inventory-34600 Accounts receivable-47300 Work in process Inventory-25500 Cash-38200 accounts payable- credit 41900 During the year, the following events occurred: 1. Drew purchased raw materials costing 114000...
please help solve numbers Lamonda Corp. uses a job order cost system. On April 1, the...
please help solve numbers
Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts below: The following transactions occurred during April: (a) Purchased materials on account at a cost of $233,570. (b) Requisitioned materials at a cost of $111,200, of which $16,700 was for general factory use. (c) Recorded factory labor of $225,200, of which $43,375 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent...
The following events occurred over the course of a year at Waterway Corp, which uses a job order costing system: 1. Direct materials purchases totaled $589,000. Waterway Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $132,000 of indirect materials were used in production Waterway uses a separate Supplies Inventory account for indirect materials 3. $560,000 of direct materials were used in production 4. The direct labor payroll was $791,000 (credit Wages Payable)....
Her System Announcements CALCULATOR PRINTER VERSION Exercise 4-17 The following events occurred over the course of a year at Crane Corp., which uses a job order costing system: 1. Direct materials purchases totaled $400,000. Crane Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $230,000 of indirect materials were used in production. Crane uses a separate Supplies Inventory account for indirect materials. 3. $413,000 of direct materials were used in production. 4. The...
Problem 15-01A a-h (Video) (Part Level Submission) Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,200, direct labor $12,720, and manufacturing overhead $16,960. As of January 1, Job 49 had been completed at a cost of $95,400 and was part of...
Drew Corp. designs and manufactures mascot uniforms for high school, college, and professional sports teams. Since each team's uniform is unique in color and design, Drew uses a job order costing system. On January 1, the T-accounts for some of Drew's primary balance sheet accounts were as follows: Raw Materials Inventory 15,000 Work In Process Inventory Beg. 31,000 Beg. Beg. Finished Goods Inventory 22,000 Cash 32,000 Beg. Accounts Receivable 56,000 Accounts Payable Beg. Beg. 42,000 During the year, the following...
the drop down box's options
are: overapplied or underapplied
Bonita, Inc. manufactures ergonomically designed computer furniture. Bonita uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job No. CC723 CH291 PS812 Item Computer caddy Chair Printer stand Units 26,000 17,000 28,000 Accumulated Cost $940,000 434,000 282,000 $1,656,000 On November 30, Bonita's Raw Materials Inventory account totaled $686,000, and its Finished Goods Inventory totaled $3,461,400. Bonita applies manufacturing overhead on the...
The following T-accounts represent November activity. Materials Inventory EB (11/30) 55,700 9 oints Work-In-Process Inventory BB (11/1) 33,300 Dir.Materials 85,500 Cost of Goods Sold Finished Goods Inventory EB (11/30) 99,000 Manufacturing Overhead Control eBook Applied Manufacturing Overhead 258,000 Sales Revenue 721,800 Wages Payable Print Additional Data References • Materials of $113,700 were purchased during the month, and the balance in the Materials Inventory account increased by $11,800. • Overhead is applied at the rate of 150 percent of direct labor...
please fill in miss parts in T account
The following T-accounts represent November activity Materials Inventory Work-In-Process Inventory Ев (11/30) вв (11/1) 56,400 32,400 Dir.Materials 86,700 Finished Goods Inventory Cost of Goods Sold EB (11/30) 100,000 Applied Manufacturing overhead Manufacturing Overhead Control 270,000 Wages Payable Sales Revenue 761,900 Additional Data Materials of $111,900 were purchased during the month, and the balance in the Materials Inventory account increased by $10,700. Overhead is applied at the rate of 150 percent of direct...
please help solve numbers
Lamonda Corp. uses a job order cost system. On April 1, the accounts had balances as shown in the T-accounts below: The following transactions occurred during April: (a) Purchased materials on account at a cost of $233,570. (b) Requisitioned materials at a cost of $111,200, of which $16,700 was for general factory use. (c) Recorded factory labor of $225,200, of which $43,375 was indirect. (d) Incurred other costs: Selling expense Factory utilities Administrative expenses Factory rent...
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