Prepare summary journal entries to record the following transactions for a company in its first month...
Prepare summary journal entries to record the following transactions for a company in its first month of operations. Raw materials purchased on account, $114,000. Direct materials used in production, $45,500. Indirect materials used in production, $20,400. Paid cash for factory payroll, $50,000. Of this total, $37,000 is for direct labor and $13,000 is for indirect labor. Paid cash for other actual overhead costs, $9,125. Applied overhead at the rate of 125% of direct labor cost. Transferred cost of jobs completed...
Prepare summary journal entries to record the following transactions for a company in its first month of operations, a. Raw materials purchased on account, $116,000. b. Direct materials used in production, $46,000. Indirect materials used in production, $20,600. c. Paid cash for factory payroll, $55,000. Of this total, $41,000 is for direct labor and $14,000 is for indirect labor. d. Paid cash for other actual overhead costs, $9.250. e. Applied overhead at the rate of 120% of direct labor cost....
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a-g a. Raw materials purchased on account $ 84,000 . b. Direct materials used in production , $38,000. Indirect materials used in production, $13,500 . c. Pald cash for factory payroll 45,000. Of this total$ 31,000 is for direct labor and $14,000 is for indirect labor . d. Paid cash for other actual overhead costs , $7,250. e. Applied overhead at the...
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $116,000. b. Direct materials used in production, $46,000. Indirect materials used in production, $20,600. c. Paid cash for factory payroll, $55,000. Of this total, $41,000 is for direct labor and $14,000 is for indirect labor. d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost....
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $82,000. b. Direct materials used in production, $37,500. Indirect materials used in production, $17,200. c. Paid cash for factory payroll , $40,000. Of this total, $30,000 is for direct labor and $10,000 is for indirect labor. d. Paid cash for other actual overhead costs, $7,125. e. Applied overhead at the rate of 125% of direct labor...
Prepare summary Journal entries to record the following transactions for a company In Its first month of operations. a. Raw materlals purchased on account, $116,000. b. DIrect materlals used In production, $46,000. Indirect materlals used in production, $20,600. c. Pald cash for factory payroll, $55,000. Of thls total, $41,000 Is for direct labor and $14.000 Is for Indlrect labor. d. Pald cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost....
Prepare summary Journal entries to record the following transactions for a company in its first month of operations 00:52:15 a. Raw materials purchased on account, $80,000. b. Direct materials used in production, $37.000. Indirect materials used in production, $12,000 c. Pald cash for factory payroll, $35.000. Or this total, $25,000 is for direct labor and $10,000 is for indirect labor d. Pald cash for other actual overhead costs, $7.000. e. Applied overhead at the rate of 120% of direct labor...
Prepare summary journal entries to record the following transactions for a company in its first month of operations. Raw materials purchased on account, $90,000. Direct materials used in production, $39,500. Indirect materials used in production, $18,000. Paid cash for factory payroll, $60,000. Of this total, $40,000 is for direct labor and $20,000 is for indirect labor. Paid cash for other actual overhead costs, $7,625. Applied overhead at the rate of 125% of direct labor cost. Transferred cost of jobs completed...
please take a look Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $98,000. b. Direct materials used in production, $41,500. Indirect materials used in production, $18,800. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs. $8.125. e. Applied overhead at the rate of 125%...
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $90,000. b. Direct materials used in production, $39,500. Indirect materials used in production, $18,000. c. Paid cash for factory payroll, $60,000. Of this total, $40,000 is for direct labor and $20,000 is for indirect labor. d. Paid cash for other actual overhead costs, $7,625. e. Applied overhead at the rate of 125% of direct labor cost....