Homework Answers
| Account Titles and Explanation | Debit | Credit | |
| Raw Materials Inventory | 256400 | ||
| Accounts Payable | 256400 | ||
| (To record purchases of raw materials on account) | |||
| Factory labour | 111430 | ||
| Factory Wages Payable | 111430 | ||
| (To record factory labour costs) | |||
| Manufacturing Overhead | 86560 | ||
| Accounts Payable | 69600 | ||
| Accumulated Depreciation | 16960 | ||
| (To record manufacturing overhead costs) | |||
| Work in Process inventory | 106000 | =28000+34500+17500+26000 | |
| Manufacturing Overhead | 5430 | ||
| Factory labour | 111430 | ||
| (To assign factory labour to production) | |||
| Work in Process inventory | 156420 | =43900+33890+39660+38970 | |
| Manufacturing Overhead | 3060 | ||
| Raw Materials Inventory | 159480 | ||
| (To assign raw materials to production) | |||
| Work in Process inventory | 79500 | =106000*75% | |
| Manufacturing Overhead | 79500 | ||
| (To assign overhead to production) |
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Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,460. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number Materials A1 A2 Factory Labour $28,700 34,300 17,400 25,700 5,360 $43,380 33,420 39,530 39,280 3,140 A3 A4 General factory use Total 158,750 111,460 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and wages for factory workers were $112,070. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,610 33,470 39,870 39,080 3,180 159,210 Factory Labour $28,900 34,200 17,600 25,900 5,470 112,070 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
The following manufacturing costs were incurred: 1. Materials purchased on account were $256,900, and wages for...
The following manufacturing costs were incurred: 1. Materials purchased on account were $256,900, and wages for factory workers were $111,280. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 Materials $43,580 32,990 40,470 38,840 3,130 159,010 Factory Labour $28,800 34,200 18,000 25,100 5,180 111,280 A4 General factory use Total 3. Manufacturing overhead costs incurred on account were $69,900. 4. Depreciation on machinery and equipment was $16,910. 5. The manufacturing overhead rate...
Jul Angerlal Accounting, Fifth Canadian Edition Help System Announcements RCES ent Question 28 Quebec Manufacturing Ltd....
Jul Angerlal Accounting, Fifth Canadian Edition Help System Announcements RCES ent Question 28 Quebec Manufacturing Ltd. has the following information regarding its February costs and production: Beginning work in process 27,600 units Started in production 110,600 units Completed production 100,000 units Ending work in process 38,200 units 1. Materials are added at the beginning of the process. Beginning WIP was 55% complete for conversion costs and ending WIP was 30 2. Beginning inventory costs consist of $75,000 for materials, $30,600...
Need correct answers with workings to this question asap! I've given all the information below, and...
Need correct answers with workings to this question
asap! I've given all the information below, and please follow
whatever is given, this all the information I have!
Question 10)
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,600, and wages for factory workers were $112,890. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 Factory Labour $29,000 35,000 Materials $43,870 33,680 40,090 39,700 3,200 160,540...
LUS Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements n Assignment DURCES 15 Do It!...
LUS Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements n Assignment DURCES 15 Do It! Review 2.15 Montana Company reports the following total costs at two levels of production Classify each cost as variable, fixed, or mixed 1-a2 5,000 Units 10,000 Units $ 3,000 $ 6,000 Indirect labour by Study Property taxes 7,000 7,000 . Direct labour 27,000 54,000 . Direct materials 22,000 44,000 Depreciation 4,000 4,000 . Utilities 3,000 5,000 Maintenance 9,000 11,000 LINK TO TEXT Question Attempts:...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,600, direct labour $15,300, and manufacturing overhead $20,800. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15,200, and manufacturing overhead $20,200. As of January 1, Job No. 49 had been completed at a cost of $120,200 and was part of finished goods inventory. There...
Return to Blackboard Weygandt, Accounting Principles, 13e Help System Announcements Exercise 10-13 al-a2 (Part Level Submission)...
Return to Blackboard Weygandt, Accounting Principles, 13e Help System Announcements Exercise 10-13 al-a2 (Part Level Submission) (Video) Sarasota Company, organized in 2020, has the following transactions related to intangible assets. 1/2/20 4/1/20 7/1/20 9/1/20 Purchased patent (5-year life) Goodwill purchased (indefinite life) 10-year franchise Research and development costs $440,000 360,000 320,000 179,000 (al) Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as o (Credit account titles are automatically indented when...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,600, direct labour $15,300, and manufacturing overhead $20,800. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,460. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number Materials A1 A2 Factory Labour $28,700 34,300 17,400 25,700 5,360 $43,380 33,420 39,530 39,280 3,140 A3 A4 General factory use Total 158,750 111,460 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and wages for factory workers were $112,070. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,610 33,470 39,870 39,080 3,180 159,210 Factory Labour $28,900 34,200 17,600 25,900 5,470 112,070 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
The following manufacturing costs were incurred: 1. Materials purchased on account were $256,900, and wages for factory workers were $111,280. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 Materials $43,580 32,990 40,470 38,840 3,130 159,010 Factory Labour $28,800 34,200 18,000 25,100 5,180 111,280 A4 General factory use Total 3. Manufacturing overhead costs incurred on account were $69,900. 4. Depreciation on machinery and equipment was $16,910. 5. The manufacturing overhead rate...
Jul Angerlal Accounting, Fifth Canadian Edition Help System Announcements RCES ent Question 28 Quebec Manufacturing Ltd. has the following information regarding its February costs and production: Beginning work in process 27,600 units Started in production 110,600 units Completed production 100,000 units Ending work in process 38,200 units 1. Materials are added at the beginning of the process. Beginning WIP was 55% complete for conversion costs and ending WIP was 30 2. Beginning inventory costs consist of $75,000 for materials, $30,600...
Need correct answers with workings to this question
asap! I've given all the information below, and please follow
whatever is given, this all the information I have!
Question 10)
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,600, and wages for factory workers were $112,890. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 Factory Labour $29,000 35,000 Materials $43,870 33,680 40,090 39,700 3,200 160,540...
LUS Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements n Assignment DURCES 15 Do It! Review 2.15 Montana Company reports the following total costs at two levels of production Classify each cost as variable, fixed, or mixed 1-a2 5,000 Units 10,000 Units $ 3,000 $ 6,000 Indirect labour by Study Property taxes 7,000 7,000 . Direct labour 27,000 54,000 . Direct materials 22,000 44,000 Depreciation 4,000 4,000 . Utilities 3,000 5,000 Maintenance 9,000 11,000 LINK TO TEXT Question Attempts:...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,600, direct labour $15,300, and manufacturing overhead $20,800. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15,200, and manufacturing overhead $20,200. As of January 1, Job No. 49 had been completed at a cost of $120,200 and was part of finished goods inventory. There...
Return to Blackboard Weygandt, Accounting Principles, 13e Help System Announcements Exercise 10-13 al-a2 (Part Level Submission) (Video) Sarasota Company, organized in 2020, has the following transactions related to intangible assets. 1/2/20 4/1/20 7/1/20 9/1/20 Purchased patent (5-year life) Goodwill purchased (indefinite life) 10-year franchise Research and development costs $440,000 360,000 320,000 179,000 (al) Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as o (Credit account titles are automatically indented when...
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,600, direct labour $15,300, and manufacturing overhead $20,800. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
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