Homework Answers
Direct Labor
= Labor used directly in assembly + labor used in assembly department
= 77000 + 26000 = 103,000
Factory Overhead = 13,000
Option B
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Wilturner Company incurs $77,000 of labor related directly to the product in the Assembly Department, and...
View previous attempt Wilturner Company Incurs $86,000 of labor related directly to the product in the...
View previous attempt Wilturner Company Incurs $86,000 of labor related directly to the product in the Assembly Department, and $35,000 of labor related to the Assembly Department as a whole, and $22,000 of labor for services that help production in both the Assembly and Finishing departments. The amount of direct labor and factory overhead respectively are: Multiple Choice $86,000 and $57,роо, o $121,000 and $22,000. o О $108,000 and $35,000. o О $143,000 and $0. o ( $86,000 and $22,000....
ABC Company incurs the following labor costs: • $88,000 of labor related directly product assembly •...
ABC Company incurs the following labor costs: • $88,000 of labor related directly product assembly • $37,000 of labor related to product finishing, and $24,000 of labor for the assembly and finishing supervisors' salaries. The journal entries to record the labor costs for ABC Company would include: . Multiple Choice a debit to Work in Process for $125,000 and a debit to Factory Overhead for $24,000. a debit to Work in Process for $149,000. a debit to Work in Process...
During November, the production department of a process operations system completed and transferred to finished goods...
During November, the production department of a process operations system completed and transferred to finished goods 40,000 units that were in process at the beginning of November and 160,000 that were started and completed in November November's beginning inventory units were 100% complete with respect to materials and 30% complete with respect to conversion. At the end of November, 31000 additional units were in process in the production department and were 100% complete with respect to materials and 40% complete...
Weber Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor...
Weber Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs. Supporting records show that (a) the Assembly Department used $27,100 raw materials and $40,100 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered. Do not...
Bramble Company purchases $50,500 of raw materials on account, and it incurs $61.400 of factory labor...
Bramble Company purchases $50,500 of raw materials on account, and it incurs $61.400 of factory labor costs. Supporting records show that (a) the Assembly Department used $25,100 of the raw materials and $39,700 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered....
Weber Company purchases $55,100 of raw materials on account, and it incurs $65,900 of factory labor...
Weber Company purchases $55,100 of raw materials on account, and it incurs $65,900 of factory labor costs. Supporting records show that (a) the Assembly Department used $30,900 of raw materials and $44,600 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs Journalize the assignment of overhead to the Assembly and finishing Departments. (Credit account titles are automatically indented when amount is entered. Do...
Warner Company purchases $54,100 of raw materials on account, and it incurs $64,900 of factory labor...
Warner Company purchases $54,100 of raw materials on account, and it incurs $64,900 of factory labor costs. Supporting records show that (a) the Assembly Department used $31,500 of the raw materials and $38,100 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered....
Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures...
Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory overhead incurred is as follows: Indirect labor Cutting Department Finishing Department $507,000 156,000 192,000 Total $855,000 The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Activity Base Budgeted Activity Cost $237,000 270,000 Production control Number of production runs Number of...
**Please show work** Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue...
**Please show work** Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory overhead incurred is as follows: Indirect labor $507,000 Cutting Department 156,000 Finishing Department 192,000 Total $855,000 The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Budgeted Activity Cost Activity Base Production control $237,000 Number of production runs...
Warner Company purchases $53,700 of raw materials on account, and it incurs $61,600 of factory labor...
Warner Company purchases $53,700 of raw materials on account,
and it incurs $61,600 of factory labor costs. Supporting records
show that (a) the Assembly Department used $32,900 of raw materials
and $38,000 of the factory labor, and (b) the Finishing Department
used the remainder.
Journalize the assignment of the costs to the processing
departments on March 31.
Brief Exercise 16-2 Warner Company purchases $53,700 of raw materials on account, and it incurs $61,600 of factory labor costs. Supporting records show...
View previous attempt Wilturner Company Incurs $86,000 of labor related directly to the product in the Assembly Department, and $35,000 of labor related to the Assembly Department as a whole, and $22,000 of labor for services that help production in both the Assembly and Finishing departments. The amount of direct labor and factory overhead respectively are: Multiple Choice $86,000 and $57,роо, o $121,000 and $22,000. o О $108,000 and $35,000. o О $143,000 and $0. o ( $86,000 and $22,000....
ABC Company incurs the following labor costs: • $88,000 of labor related directly product assembly • $37,000 of labor related to product finishing, and $24,000 of labor for the assembly and finishing supervisors' salaries. The journal entries to record the labor costs for ABC Company would include: . Multiple Choice a debit to Work in Process for $125,000 and a debit to Factory Overhead for $24,000. a debit to Work in Process for $149,000. a debit to Work in Process...
During November, the production department of a process operations system completed and transferred to finished goods 40,000 units that were in process at the beginning of November and 160,000 that were started and completed in November November's beginning inventory units were 100% complete with respect to materials and 30% complete with respect to conversion. At the end of November, 31000 additional units were in process in the production department and were 100% complete with respect to materials and 40% complete...
Weber Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs. Supporting records show that (a) the Assembly Department used $27,100 raw materials and $40,100 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered. Do not...
Bramble Company purchases $50,500 of raw materials on account, and it incurs $61.400 of factory labor costs. Supporting records show that (a) the Assembly Department used $25,100 of the raw materials and $39,700 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered....
Weber Company purchases $55,100 of raw materials on account, and it incurs $65,900 of factory labor costs. Supporting records show that (a) the Assembly Department used $30,900 of raw materials and $44,600 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs Journalize the assignment of overhead to the Assembly and finishing Departments. (Credit account titles are automatically indented when amount is entered. Do...
Warner Company purchases $54,100 of raw materials on account, and it incurs $64,900 of factory labor costs. Supporting records show that (a) the Assembly Department used $31,500 of the raw materials and $38,100 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered....
Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory overhead incurred is as follows: Indirect labor Cutting Department Finishing Department $507,000 156,000 192,000 Total $855,000 The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Activity Base Budgeted Activity Cost $237,000 270,000 Production control Number of production runs Number of...
Warner Company purchases $53,700 of raw materials on account,
and it incurs $61,600 of factory labor costs. Supporting records
show that (a) the Assembly Department used $32,900 of raw materials
and $38,000 of the factory labor, and (b) the Finishing Department
used the remainder.
Journalize the assignment of the costs to the processing
departments on March 31.
Brief Exercise 16-2 Warner Company purchases $53,700 of raw materials on account, and it incurs $61,600 of factory labor costs. Supporting records show...
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