Homework Answers
Entry that should be made in a T-account general ledger:
| Materials inventory | |
| 11,000 |
| Work in process - baking | |
| 10,000 |
| Factory overhead- baking | |
| 1,000 |
Journal Entry:
Work in process - baking A/c Dr $10,000 (Direct Material)
Factory overhead - baking A/c Dr $1,000 (Indirect Material)
To Materials Inventory A/c $11,000
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RUSH
Hawk Baking makes cookies. Materials requisitioned for use are: Baking Department Direct materials $10,000 Indirect...
RUSH Hawk Baking makes cookies. The cookies are transferred from the Baking to the Packing Department...
RUSH
Hawk Baking makes cookies. The cookies are transferred from the Baking to the Packing Department where packing is done to complete the production process. Output of Baking Department: 180 cases of cookies costing $500. Which entry should be made? Work in process - packing 500 Work in process - baking 500 0 Finished goods 500 Work in process - baking 500 O Factory overhead - baking 500 Work in process - baking 500 Cost of goods sold 500 Work...
RUSH Hawk Baking makes cookies. Expiration of prepaid insurance for the Baking Department, $40. Which entry...
RUSH
Hawk Baking makes cookies. Expiration of prepaid insurance for the Baking Department, $40. Which entry should be made? Work in process - baking 40 Prepaid Insurance 40 Factory Overhead - baking 40 Accounts Payable 40 Prepaid Insurance 40 Cash 40 0 Factory overhead - baking 40 Prepaid Insurance 40
RUSH Hawk Baking makes cookies. Depreciation charged on fixed assets: Baking Department, $200. Which entry should...
RUSH
Hawk Baking makes cookies. Depreciation charged on fixed assets: Baking Department, $200. Which entry should be made? Depreciation Expense 200 Accumulated Depreciation - baking 200 0 Work in process - baking 200 Accumulated Depreciation - baking 200 Factory Overhead - baking 200 Accumulated Depreciation - baking 200 Equipment - baking 200 Accumulated Depreciation - baking 200
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor...
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $77,900 $45,300 $80,300 $98,800 $276,900 $149,000 $19,600 $35,300 $25,700 115% The journal entry to record actual manufacturing overhead costs includes a O A. debit...
in a job order costing system, raw material requisitioned as direct materials are debited to________; indirect...
in a job order costing system, raw material requisitioned as direct
materials are debited to________; indirect materials are debited
to_______.
$139.000. Save Question 24 (2 points) s Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195.000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150.000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of...
Cost of materials purchases on account Cost of materials requisitioned (includes $4,600 of indirect) Direct labor...
Cost of materials purchases on account Cost of materials requisitioned (includes $4,600 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $68,800 $51,800 $77,400 $97,600 $223,400 $151,800 $15,100 $30,600 $33,700 140% What is the balance in work in process inventory at the end of the...
The following information concerns production in the Baking Department for March. All direct materials are placed...
The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 6,900 units, 2/5 completed 10,764 31 Direct materials, 124,200 units 161,460 172,224 31 Direct labor 48,890 221,114 31 Factory overhead 27,502 248,616 31 Goods finished, 126,000 units 239,538 9,078 31 Bal. ? units, 4/5 completed 9,078 a. Determine the number...
The following information concerns production in the Baking Department for December. All direct materials are placed...
The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 6,900 units, 2/5 completed 14,904 31 Direct materials, 124,200 units 223,560 238,464 31 Direct labor 64,670 303,134 31 Factory overhead 36,370 339,504 31 Goods finished, 126,000 units 327,876 11,628 31 Bal., ? units, 3/5 completed 11,628 a. Determine the number...
The following information concerns production in the Baking Department for December. All direct materials are placed...
The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 5,700 units, 1/3 completed 15,200 31 Direct materials, 102,600 units 205,200 220,400 31 Direct labor 60,320 280,720 31 Factory overhead 33,928 314,648 31 Goods finished, 104,100 units 303,980 10,668 31 Bal., ? units, 3/5 completed 10,668 a. Determine the number...
The following information concerns production in the Baking Department for March. All direct materials are placed...
The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit March 1 Bal., 6,600 units, 4/5 completed 19,800 31 Direct materials, 118,800 units 178,200 198,000 31 Direct labor 52,900 250,900 31 Factory overhead 29,756 280,656 31 Goods finished, 120,300 units 270,864 9,792 31 Bal. ? units, 3/5 completed 9,792 a. Determine the number...
RUSH
Hawk Baking makes cookies. The cookies are transferred from the Baking to the Packing Department where packing is done to complete the production process. Output of Baking Department: 180 cases of cookies costing $500. Which entry should be made? Work in process - packing 500 Work in process - baking 500 0 Finished goods 500 Work in process - baking 500 O Factory overhead - baking 500 Work in process - baking 500 Cost of goods sold 500 Work...
RUSH
Hawk Baking makes cookies. Expiration of prepaid insurance for the Baking Department, $40. Which entry should be made? Work in process - baking 40 Prepaid Insurance 40 Factory Overhead - baking 40 Accounts Payable 40 Prepaid Insurance 40 Cash 40 0 Factory overhead - baking 40 Prepaid Insurance 40
RUSH
Hawk Baking makes cookies. Depreciation charged on fixed assets: Baking Department, $200. Which entry should be made? Depreciation Expense 200 Accumulated Depreciation - baking 200 0 Work in process - baking 200 Accumulated Depreciation - baking 200 Factory Overhead - baking 200 Accumulated Depreciation - baking 200 Equipment - baking 200 Accumulated Depreciation - baking 200
Cost of materials purchases on account Cost of materials requisitioned (includes $2,300 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $77,900 $45,300 $80,300 $98,800 $276,900 $149,000 $19,600 $35,300 $25,700 115% The journal entry to record actual manufacturing overhead costs includes a O A. debit...
in a job order costing system, raw material requisitioned as direct
materials are debited to________; indirect materials are debited
to_______.
$139.000. Save Question 24 (2 points) s Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195.000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150.000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of...
Cost of materials purchases on account Cost of materials requisitioned (includes $4,600 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) $68,800 $51,800 $77,400 $97,600 $223,400 $151,800 $15,100 $30,600 $33,700 140% What is the balance in work in process inventory at the end of the...
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