Homework Answers
![Answer: Ending balance in work in process Direct material cost Applied overhead cost $33,200 $9,680 $13,020 Reason From the Work in process account: WIP Therefore, $30,000 Beginning balance Add: Materials added Labors added Overhead applied Total cost of mfg Less: Transferred to F.G. -$500,000 Ending balance Overhead cost per labor cost Direct labor cost in ending WIP Overhead cost in ending WIP 24 [$223,200/$180,000] $10,500 $13,020 [$1.24 x $10,500] $100,000 $180,000 $223,200 $533,200 Direct material cost in ending WIP $9,680 [Ending WIP - Labor Overhead $33,200 $10,500 $13,020 $9,680] 33,200](http://img.homeworklib.com/questions/8dd7b350-77a6-11ea-8301-0b4b1631184a.png?x-oss-process=image/resize,w_560)
Add Answer to:
o Debits Direct materials Direct labor 000 Credits Debits Debits 3.33 points Req 1 to S...
Chec Manufacturing Overhead 233,800 Credits ? 473,000 Debits Raw Materials Bal. 1/1 16,800 Credits Debits 122,000...
Chec Manufacturing Overhead 233,800 Credits ? 473,000 Debits Raw Materials Bal. 1/1 16,800 Credits Debits 122,000 Bal. 12/31 26,80 Work in Process Bal. 1/1 21,000 Credits Direct materials 91,000 Direct labor 153,000 Overhead 244,880 Bal. 12/31 Finished Goods Bal. 1/1 41,000 Credits Debits Bal. 12/31 61,500 Factory Wages Payable 187,000 Bal. 1/ 1 Credits Bal. 12/31 9 ,500 182,800 4,500 Cost of Goods Sold ? Required: 1. What was the cost of raw materials used in production during the year?...
Req 1 to 5 Req 6 Req 7 Req 8 If overhead is applied to production...
Req 1 to 5 Req 6 Req 7 Req 8 If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? The predetermined overhead rate was % of direct labor cost < Req 1 to 5 Req7 > Req 1 to 5 Req 6 Req 7 Req 8 --------- Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was < Req 6 Req8 > Req 1...
Selected T-accounts of Moore Company are given below for the just completed year: Bal. 1/1 Debits...
Selected T-accounts of Moore Company are given below for the just completed year: Bal. 1/1 Debits Bal. 12/31 Raw Materials 16,000 Credits 122,000 26,000 Manufacturing Overhead 233,800 Credits Debits 473,000 Work in Process Bal. 1/1 21,000 Credits Direct materials 91,000 Direct labor 153,000 Overhead 244,800 Bal. 12/31 2 Factory Wages Payable Debits 187,000 Bal. 1/1 Credits Bal. 12/31 Finished Goods Bal. 1/1 41,000 Credits Debits ? Bal. 12/31 61,500 Cost of Goods Sold Debits ? 9,500 182,000 4,500 7 Required:...
If overhead is applied to production on the basis of direct labor cost, what predetermined overhead...
If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? he predetermined overhead rate was % of direct labor cost Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $9,250 of this balance is direct labor cost, how much of it is direct...
Selected T-accounts of Moore Company are given below for the just completed year: Bal. 1/1 Debits...
Selected T-accounts of Moore Company are given below for the just completed year: Bal. 1/1 Debits Bal. 12/31 Debits Manufacturing Overhead 216,000 Credits 485,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Raw Materials 20,000 Credits 130,000 30,000 Work in Process 25,000 Credits 95,000 165,000 231,000 ? Pinished Goods 45,000 Credits 2 67,500 Factory Wages Payable 195,000 Bal. 1/1 Credits Bal. 12/31 11,500 190,000 6,500 Cost of Goods Sold Bal. 1/1 Debits Bal. 12/31 2 Debits Required: 1....
3 Homework o Help Save a Problem 3-11 T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4)...
3 Homework o Help Save a Problem 3-11 T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 181.900 Credits Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 31,000 Credits 152, eee 41,000 Work in Process 36,800 Credits 106,000 198,000 207,900 518,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 217,000 Bal. 1/1 Credits Bal. 12/31 17,000 212,000 12,000 Cost of Goods...
Problem 3-11 (Algo) T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company...
Problem 3-11 (Algo) T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 202, 260 Credits Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 26,000 Credits 142,000 36,000 Work in in Process 31,000 Credits 101,000 183,000 223, 260 503,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 207,000 Bal. 1/1 Credits Bal. 12/31 14,500 202, 000 9,500 Finished Goods 51,000 Credits Cost...
Debits 140,000 3,800 Credits 14,eee Credits 180,ee0 223,200 Overhead 75,080 2. How much of the materials...
Debits 140,000 3,800 Credits 14,eee Credits 180,ee0 223,200 Overhead 75,080 2. How much of the materials in (1) above c 3. How much of the factory labor cost for the year consisted of indirect labor? We were unable to transcribe this image
Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 203,800...
Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 203,800 Credits Debits - Manufacturing o ? Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 28,000 Credits 146,000 38,000 Work in Process 33,000 Credits 103,000 189,000 226,800 Factory Wages 509,000 ,000 Debits Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 211,000 Bal. 1/1 Credits Bal. 12/31 15,500 206,000 10,500 Cost of Goods Sold Finished Goods 53,000 Credits ? Debits Bal....
Selected T-accounts of Moore Company are given below for the just completed year: ? Debits Manufacturing...
Selected T-accounts of Moore Company are given below for the just completed year: ? Debits Manufacturing Overhead 186,200 Credits ? Bal. 1/1 Debits Bal. 12/31 Raw Materials 33,000 Credits 156,000 43,000 Work in Process 38,000 Credits 108,000 204,000 214,200 524,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 221,000 Bal. 1/1 Credits | Bal. 12/31 18,000 216,000 13,000 Cost of Goods Sold Finished Goods 58,000 Credits ? Debits 21 Bal. 1/1 Debits Bal. 12/31 87,000...
Chec Manufacturing Overhead 233,800 Credits ? 473,000 Debits Raw Materials Bal. 1/1 16,800 Credits Debits 122,000 Bal. 12/31 26,80 Work in Process Bal. 1/1 21,000 Credits Direct materials 91,000 Direct labor 153,000 Overhead 244,880 Bal. 12/31 Finished Goods Bal. 1/1 41,000 Credits Debits Bal. 12/31 61,500 Factory Wages Payable 187,000 Bal. 1/ 1 Credits Bal. 12/31 9 ,500 182,800 4,500 Cost of Goods Sold ? Required: 1. What was the cost of raw materials used in production during the year?...
Req 1 to 5 Req 6 Req 7 Req 8 If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? The predetermined overhead rate was % of direct labor cost < Req 1 to 5 Req7 > Req 1 to 5 Req 6 Req 7 Req 8 --------- Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was < Req 6 Req8 > Req 1...
Selected T-accounts of Moore Company are given below for the just completed year: Bal. 1/1 Debits Bal. 12/31 Raw Materials 16,000 Credits 122,000 26,000 Manufacturing Overhead 233,800 Credits Debits 473,000 Work in Process Bal. 1/1 21,000 Credits Direct materials 91,000 Direct labor 153,000 Overhead 244,800 Bal. 12/31 2 Factory Wages Payable Debits 187,000 Bal. 1/1 Credits Bal. 12/31 Finished Goods Bal. 1/1 41,000 Credits Debits ? Bal. 12/31 61,500 Cost of Goods Sold Debits ? 9,500 182,000 4,500 7 Required:...
If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? he predetermined overhead rate was % of direct labor cost Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $9,250 of this balance is direct labor cost, how much of it is direct...
Selected T-accounts of Moore Company are given below for the just completed year: Bal. 1/1 Debits Bal. 12/31 Debits Manufacturing Overhead 216,000 Credits 485,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Raw Materials 20,000 Credits 130,000 30,000 Work in Process 25,000 Credits 95,000 165,000 231,000 ? Pinished Goods 45,000 Credits 2 67,500 Factory Wages Payable 195,000 Bal. 1/1 Credits Bal. 12/31 11,500 190,000 6,500 Cost of Goods Sold Bal. 1/1 Debits Bal. 12/31 2 Debits Required: 1....
3 Homework o Help Save a Problem 3-11 T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 181.900 Credits Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 31,000 Credits 152, eee 41,000 Work in Process 36,800 Credits 106,000 198,000 207,900 518,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 217,000 Bal. 1/1 Credits Bal. 12/31 17,000 212,000 12,000 Cost of Goods...
Problem 3-11 (Algo) T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 202, 260 Credits Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 26,000 Credits 142,000 36,000 Work in in Process 31,000 Credits 101,000 183,000 223, 260 503,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 207,000 Bal. 1/1 Credits Bal. 12/31 14,500 202, 000 9,500 Finished Goods 51,000 Credits Cost...
Debits 140,000 3,800 Credits 14,eee Credits 180,ee0 223,200 Overhead 75,080 2. How much of the materials in (1) above c 3. How much of the factory labor cost for the year consisted of indirect labor? We were unable to transcribe this image
Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 203,800 Credits Debits - Manufacturing o ? Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 28,000 Credits 146,000 38,000 Work in Process 33,000 Credits 103,000 189,000 226,800 Factory Wages 509,000 ,000 Debits Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 211,000 Bal. 1/1 Credits Bal. 12/31 15,500 206,000 10,500 Cost of Goods Sold Finished Goods 53,000 Credits ? Debits Bal....
Selected T-accounts of Moore Company are given below for the just completed year: ? Debits Manufacturing Overhead 186,200 Credits ? Bal. 1/1 Debits Bal. 12/31 Raw Materials 33,000 Credits 156,000 43,000 Work in Process 38,000 Credits 108,000 204,000 214,200 524,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 221,000 Bal. 1/1 Credits | Bal. 12/31 18,000 216,000 13,000 Cost of Goods Sold Finished Goods 58,000 Credits ? Debits 21 Bal. 1/1 Debits Bal. 12/31 87,000...
Most questions answered within 3 hours.
-
The equilibrium constant for the reaction HNO2 (aq) + H2 O ( ℓ)
↔ NO2¯ (g)...
asked 2 minutes ago -
An ancient club is found that contains 140 g of pure carbon and
has an activity...
asked 3 minutes ago -
A grinding wheel is in the form of a uniform solid disk of
radius 7.10 cm...
asked 17 minutes ago -
as licensed professionals doarchitects and enineers have a
responsability to address future conditions ( and future...
asked 16 minutes ago -
A 5Kg block of ice at -10 C is heated until it reaches a
temperature of...
asked 22 minutes ago -
Calculate how many grams of DNA solution you would need to
obtain to load 1.2ug of...
asked 22 minutes ago -
1. The following reaction forms 15.8 g of Ag(s):
2Ag2O(s)→4Ag(s)+O2(g) What total volume of gas forms...
asked 25 minutes ago -
In Java, if you wanted to get the pixel that is in the
bottom-right hand corner...
asked 33 minutes ago -
After receiving an answer that contains one or more
counterclaims, a plaintiff files a reply that...
asked 41 minutes ago -
From the end of a string (whose other end is firmly attached to
the ceiling) we...
asked 49 minutes ago -
When a firm is in an increasing-cost industry, a decrease in
demand will result in economic (Click...
asked 1 hour ago -
1. Explain what the advantages are of having a System on a Chip
rather than separate...
asked 1 hour ago