Homework Answers
Correct answer is D
Entry for purchasing of raw material would be
Debit raw material account $198000
Credit account payable $198000
1 entry is for material issue to wip
2 entry is for return material from wip to store
3 entry is for returning finished goods to raw material deptt
5 entry is not correct
Add Answer to:
Mestre Manufacturing uses a job order costing System During one month Ministre purchased $198.000 of raw...
Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw...
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 we 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 150% of direct labor cost. The journal entry to record the purchase of materials is: o Debit Raw Materials Inventory $198,000; credit Accounts Payable $198,000. o Debit...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw...
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, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the issuance of materials to production is: Multiple Choice Debit Raw Materials Inventory $195,000; credit Accounts Payable $195,000. Debit Work...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw...
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, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the išsuance of materials to production is: Multiple Choice Debit Work in Process Inventory $195,000; credit Row Materials Inventory $195,000....
Minstrel Manufacturing uses a job order costing system. During one month Mar che S ocio oro...
Minstrel Manufacturing uses a job order costing system. During one month Mar che S ocio oro materials on Cre e d mistetaks to production of $195,000 of which $30000 were Indirect Merrel incurred a factory rol of 0 of which $40,000 was indirect labor Ministre des prodotermed overhead rate of 10% of direct labor cost The journal entry to record the cance of materials to production is 3 24 Multiple Choice Debt Row Materials tory $495.000, cred Accounts Payable O...
Mine Manufactanguses a border costre system. During one month Ministre purchased $198.000 of tw materials on...
Mine Manufactanguses a border costre system. During one month Ministre purchased $198.000 of tw materials on credt ud materials to production of $195.000 of which $30,000 wore indirect Mastercurred a factory payrolt of 150.000 perd en cash, of which $40.000 was indeed lobo Mestresos a predetermined overhead rate of 10% of direct labor cost The Journal entry to record the application of factory overhead to productions O Debt Work in Process inventory 5165.000 credit Factory Payroll $165.000 O Debt Factory...
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...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $206,400 of raw...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $206,400 of raw materials on credit; issued materials to production of $202,000 of which $32,100 were indirect. Minstrel incurred a factory payroll of $154,200, of which $42,100 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16,200 and $28,400 respectively. Compute the cost of product transferred to Finished Goods Inventory:
minstrel manufacturing uses a job order costing system. during one month, minstrel purchased $216,000 of raw...
minstrel manufacturing uses a job order costing system. during one month, minstrel purchased $216,000 of raw materials on credit; issued materials to production of $210,000 of which $34,500 were indirect. Minstrel incurred a factory payroll of $159,000, of which $44,500 was indirect labor. Minstrel uses a predetermined overhead application rate 150% of direct labor cost. Minstrel's beginning and ending work in process inventory are $17,000 and $30,000 respectively. Compute the cost if product transferred to finished goods inventory:
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $728.000 of raw...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $728.000 of raw materials on credit; issued materials to production of $220,000 of which $37,500 were indirect. Minstrel incurred a factory payroll of $165,000, of which $47,500 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $18,000 and $32,000 respectively. Compute the cost ofjabs transferred to Finished Goods Inventory Multiple Choice...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $206,400 of raw...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $206,400 of raw materials on credit: Issued materials to production of $20,000 of which $32,100 were Indirect. Minstrel incurred a factory payroll of $154,200, of which $42,100 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16,200 and $28,400 respectively, Compute the cost of jobs transferred to Finished Goods Inventory. Multiple...
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 we 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 150% of direct labor cost. The journal entry to record the purchase of materials is: o Debit Raw Materials Inventory $198,000; credit Accounts Payable $198,000. o Debit...
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, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the išsuance of materials to production is: Multiple Choice Debit Work in Process Inventory $195,000; credit Row Materials Inventory $195,000....
Minstrel Manufacturing uses a job order costing system. During one month Mar che S ocio oro materials on Cre e d mistetaks to production of $195,000 of which $30000 were Indirect Merrel incurred a factory rol of 0 of which $40,000 was indirect labor Ministre des prodotermed overhead rate of 10% of direct labor cost The journal entry to record the cance of materials to production is 3 24 Multiple Choice Debt Row Materials tory $495.000, cred Accounts Payable O...
Mine Manufactanguses a border costre system. During one month Ministre purchased $198.000 of tw materials on credt ud materials to production of $195.000 of which $30,000 wore indirect Mastercurred a factory payrolt of 150.000 perd en cash, of which $40.000 was indeed lobo Mestresos a predetermined overhead rate of 10% of direct labor cost The Journal entry to record the application of factory overhead to productions O Debt Work in Process inventory 5165.000 credit Factory Payroll $165.000 O Debt Factory...
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...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $728.000 of raw materials on credit; issued materials to production of $220,000 of which $37,500 were indirect. Minstrel incurred a factory payroll of $165,000, of which $47,500 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $18,000 and $32,000 respectively. Compute the cost ofjabs transferred to Finished Goods Inventory Multiple Choice...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $206,400 of raw materials on credit: Issued materials to production of $20,000 of which $32,100 were Indirect. Minstrel incurred a factory payroll of $154,200, of which $42,100 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16,200 and $28,400 respectively, Compute the cost of jobs transferred to Finished Goods Inventory. Multiple...
Most questions answered within 3 hours.
-
Use the following set of observed frequencies to test the
independence of the two variables. Variable...
asked 15 minutes ago -
Two kg of ice at -15 °C are placed in a 2 kg bath of water...
asked 15 minutes ago -
Describe the following with suitable
examples.
1- Security Policy Heterogeneity
2-Security Model Heterogeneity
3-Security Mechanism Heterogeneity...
asked 16 minutes ago -
Please Identify the Term "Determinism" in Psychology
asked 14 minutes ago -
The table below represents the number of republicans, democrats
and independent voting on a specific issue....
asked 20 minutes ago -
List and compare different forms of passive transport and active
transport.
asked 28 minutes ago -
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 34 minutes ago -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 49 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 52 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 59 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 1 hour ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 1 hour ago