Homework Answers
| Accounts | Debit | Credit |
| Manufacturing overhead | 77000 | |
| Cash | 77000 | |
Debit to manufacturing overhead $77000, is correct answer.
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During March, Pendergraph Corporation incurred $77,000 of actual Manufacturing Overhead costs. During the same period, the...
During December, Moulding Corporation incurred $79,000 of actual Manufacturing Overhead costs. During the same period, the...
During December, Moulding Corporation incurred $79,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $77,000. Required: Prepare journal entries to record the incurrence of manufacturing overhead and the application of manufacturing overhead to Work in Process. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the entry for incurrence of manufacturing overhead...
19. During February, Irving Corporation incurred $82,000 of actual Manufacturing Overhead costs. During the same period,...
19. During February, Irving Corporation incurred $82,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $77,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:
During March, Pendergraph Corporation incurred $66,000 of actual Manufacturing Overhead costs. During the same period, the...
During March, Pendergraph Corporation incurred $66,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $68,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:
20. During February, Irving Corporation incurred $84,000 of actual Manufacturing Overhead costs. During the same period,...
20. During February, Irving Corporation incurred $84,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $80,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:
TB MC Qu. 3-59 During June, Buttrey Corporation incurred ... During June, Buttrey Corporation incurred $79,000...
TB MC Qu. 3-59 During June, Buttrey Corporation incurred ... During June, Buttrey Corporation incurred $79,000 of direct labor costs and $19,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a: Multiple Choice debit to Work in Process of $79,000. credit to Work in Process of $98,000. debit to Work in Process of $98,000. o credit to Work in Process of $79,000. o
In a job-order costing system, indirect labor cost is usually recorded as a debit to: Multiple...
In a job-order costing system, indirect labor cost is usually recorded as a debit to: Multiple Choice Cost of Goods Sold. Manufacturing Overhead. ООО Work in Process. Finished Goods. On December 1, Mogro Corporation had $26,000 of raw materials on hand. During the month, the Corporation purchased an additional $60,000 of raw materials. During December, $62,000 of raw materials were requisitioned from the storeroom for use in production. The debits entered in the Raw Materials account during the month of...
112020 In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of Indirect labor...
112020 In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of Indirect labor costs. The journal entry to record the accrual of these wages would include a Multiple Choice credit to Work in Process of $79.000 credit to Manufacturing Overhead of $6,000 debit to Manufacturing Overhead of 56.000 debit to Work in Process of $79,000
Applied vs. Actual Manufacturing Overhead Sloan Manufacturing Corporation applies manufacturing overhead on the basis of 120%...
Applied vs. Actual Manufacturing Overhead Sloan Manufacturing Corporation applies manufacturing overhead on the basis of 120% of direct labor cost. An analysis of the related accounts and job order cost sheet indicates that during the year total manufacturing overhead incurred was $525,000 and that at year-end Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold included $75,000, $50,000, and $375,000, respectively, of direct labor incurred during the current year a. Determine the over-applied manufacturing overhead at year-end...
114. Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month,...
114. Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month, the company purchased an additional $75,000 of raw materials. The journal entry to record the purchase of raw materials would include a A. debit to Raw Materials of $101.000 B. credit to Raw Materials of $75,000 C. debit to Raw Materials of $75,000 D. credit to Raw Materials of $101.000 115. In October, Raddatz Inc. incurred $73,000 of direct labor costs and S6,000 of...
The total actual manufacturing overhead incurred during the period for Ashley’s Corporation is $250,000. The total...
The total actual manufacturing overhead incurred during the period for Ashley’s Corporation is $250,000. The total manufacturing applied to all jobs worked on during the period for Ashley’s Corporation is $285,000. What is the amount of over or underapplied manufacturing overhead?
During December, Moulding Corporation incurred $79,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $77,000. Required: Prepare journal entries to record the incurrence of manufacturing overhead and the application of manufacturing overhead to Work in Process. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the entry for incurrence of manufacturing overhead...
TB MC Qu. 3-59 During June, Buttrey Corporation incurred ... During June, Buttrey Corporation incurred $79,000 of direct labor costs and $19,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a: Multiple Choice debit to Work in Process of $79,000. credit to Work in Process of $98,000. debit to Work in Process of $98,000. o credit to Work in Process of $79,000. o
In a job-order costing system, indirect labor cost is usually recorded as a debit to: Multiple Choice Cost of Goods Sold. Manufacturing Overhead. ООО Work in Process. Finished Goods. On December 1, Mogro Corporation had $26,000 of raw materials on hand. During the month, the Corporation purchased an additional $60,000 of raw materials. During December, $62,000 of raw materials were requisitioned from the storeroom for use in production. The debits entered in the Raw Materials account during the month of...
112020 In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of Indirect labor costs. The journal entry to record the accrual of these wages would include a Multiple Choice credit to Work in Process of $79.000 credit to Manufacturing Overhead of $6,000 debit to Manufacturing Overhead of 56.000 debit to Work in Process of $79,000
Applied vs. Actual Manufacturing Overhead Sloan Manufacturing Corporation applies manufacturing overhead on the basis of 120% of direct labor cost. An analysis of the related accounts and job order cost sheet indicates that during the year total manufacturing overhead incurred was $525,000 and that at year-end Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold included $75,000, $50,000, and $375,000, respectively, of direct labor incurred during the current year a. Determine the over-applied manufacturing overhead at year-end...
114. Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month, the company purchased an additional $75,000 of raw materials. The journal entry to record the purchase of raw materials would include a A. debit to Raw Materials of $101.000 B. credit to Raw Materials of $75,000 C. debit to Raw Materials of $75,000 D. credit to Raw Materials of $101.000 115. In October, Raddatz Inc. incurred $73,000 of direct labor costs and S6,000 of...
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