Homework Answers
| 1 | ||||
| Raw materials inventory | Factory labor | Manufacturing overhead | ||
| Purchased raw materials | 5400 | |||
| Incurred factory labor | 6100 | |||
| Factory utilities | 2500 | |||
| Balance | 5400 | 6100 | 2500 | |
| 2 | ||||
| Raw materials inventory | Factory labor | Manufacturing overhead | Work in process inventory | |
| Beginning balance | 5300 | 7400 | 3100 | |
| Direct materials | -3120 | 3120 | ||
| Indirect materials | -620 | 620 | ||
| Ending balance | 1560 | 7400 | 3720 | 3120 |
| Workings: | |
| Direct materials: | |
| Job 1 | 960 |
| Job 2 | 1400 |
| Job 3 | 760 |
| Direct materials | 3120 |
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During January, its first month of operations, Whispering Winds Company accumulated the following manufacturing costs: raw...
During January, its first month of operations, Flounder Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Flounder Company accumulated the following manufacturing costs: raw materials purchased $5,300 on account, factory labor $7,400, and utilities payable $3,100. In January, requisitions of raw materials for production are as follows: Job 1 $960, Job 2 $1,400, Job 3 $760, and general factory use $620. Record raw materials used. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Factory Labor Raw Materials Inventory...
During January, its first month of operations, Ayayai Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Ayayai Company
accumulated the following manufacturing costs: raw materials
purchased $4,100 on account, factory labor $6,100, and utilities
payable $2,100. In January, requisitions of raw materials for
production are as follows: Job 1 $910, Job 2 $1,200, Job 3 $710,
and general factory use $610.
Record raw materials used. (Enter negative amounts using either
a negative sign preceding the number e.g. -45 or parentheses e.g.
(45).)
MANUFACTURING COSTS RAW MATERIALS FACTORY MANUFACTURING INVENTORY...
During January, its first month of operations, Bridgeport Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Bridgeport Company accumulated the following manufacturing costs: raw materials purchased $5,400 on account, factory labor $7,300, and utilities payable $2,600. In January, requisitions of raw materials for production are as follows: Job 1 $910, Job 2 $1,400, Job 3 $810, and general factory use $610. Record raw materials used. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Dieker Company
accumulated the following manufacturing costs: raw materials
purchased $4,000 on account, factory labor $6,000, and utilities
payable $2,000.
Brief Exercise 2A-2 During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw mate $2,000. Record the company's manufacturing costs in its job order costing system. Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Purchased raw materials Incurred factory labor Factory utilities पी पी Balance LINK TO...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,400 on account, factory labor $7,300 of which $5,600 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,600. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 (To record purchase of raw...
During January, its first month of operations, Sunland Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Sunland Company accumulated the following manufacturing costs: raw materials $5,700 on account, factory labor $6,300 of which $5,500 relates to factory wages payable and $800 relates to payroll taxes payable, and factory utilities payable $2,700. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 (To record purchase of raw...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,400 on account, factory labor $6,700 of which $5,900 relates to factory wages payable and $800 relates to payroll taxes payable, and factory utilities payable $2,100. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 enter an account title to...
**MUST BE ABLE TO ANSWER ALL QUESTIONS** A) During January, its first month of operations, Dieker...
**MUST BE ABLE TO ANSWER ALL QUESTIONS**
A) During January, its first month of
operations, Dieker Company accumulated the following manufacturing
costs: raw materials $5,400 on account, factory labor $6,100 of
which $5,900 relates to factory wages payable and $200 relates to
payroll taxes payable, and utilities payable $2,500.
Prepare separate journal entries for each type of manufacturing
cost.
**************************************************************************************************
B) In January, Dieker Company requisitions raw
materials for production as follows: Job 1 $970, Job 2 $1,400, Job
3...
During the first year of operations, Moss Manufacturing accumulated the following manufacturing costs: 2. Raw materials...
During the first year of operations, Moss Manufacturing accumulated the following manufacturing costs: 2. Raw materials purchased on account Factory labor accrued ncurred manufacturing overhead on account $16,500 $7,200 $4,400 a. Prepare separate journal entries for each manufacturing cost. Raw Materials Purchased on Account: Account Titles Debit Credit Factory Labor Accrued: Account Titles Debit Credit Incurred Manufacturing Overhead on Account: Account Titles Debit Credit Moss used $12,400 of direct materials and $3,000 of indirect materials on Job 152. Prepare the...
The gross earnings of the factory workers for Bramble Company during the month of January are...
The gross earnings of the factory workers for Bramble Company during the month of January are $82.000. Of the total accumulated cost of factory labor, 82% is related to direct labor and 18% is attributable to indirect labor. (a) Record the factory labor costs for the month of January. (b) Assign factory labor to production. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Inventory Raw Materials...
During January, its first month of operations, Flounder Company accumulated the following manufacturing costs: raw materials purchased $5,300 on account, factory labor $7,400, and utilities payable $3,100. In January, requisitions of raw materials for production are as follows: Job 1 $960, Job 2 $1,400, Job 3 $760, and general factory use $620. Record raw materials used. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Factory Labor Raw Materials Inventory...
During January, its first month of operations, Ayayai Company
accumulated the following manufacturing costs: raw materials
purchased $4,100 on account, factory labor $6,100, and utilities
payable $2,100. In January, requisitions of raw materials for
production are as follows: Job 1 $910, Job 2 $1,200, Job 3 $710,
and general factory use $610.
Record raw materials used. (Enter negative amounts using either
a negative sign preceding the number e.g. -45 or parentheses e.g.
(45).)
MANUFACTURING COSTS RAW MATERIALS FACTORY MANUFACTURING INVENTORY...
During January, its first month of operations, Dieker Company
accumulated the following manufacturing costs: raw materials
purchased $4,000 on account, factory labor $6,000, and utilities
payable $2,000.
Brief Exercise 2A-2 During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw mate $2,000. Record the company's manufacturing costs in its job order costing system. Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Purchased raw materials Incurred factory labor Factory utilities पी पी Balance LINK TO...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,400 on account, factory labor $7,300 of which $5,600 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,600. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 (To record purchase of raw...
**MUST BE ABLE TO ANSWER ALL QUESTIONS**
A) During January, its first month of
operations, Dieker Company accumulated the following manufacturing
costs: raw materials $5,400 on account, factory labor $6,100 of
which $5,900 relates to factory wages payable and $200 relates to
payroll taxes payable, and utilities payable $2,500.
Prepare separate journal entries for each type of manufacturing
cost.
**************************************************************************************************
B) In January, Dieker Company requisitions raw
materials for production as follows: Job 1 $970, Job 2 $1,400, Job
3...
During the first year of operations, Moss Manufacturing accumulated the following manufacturing costs: 2. Raw materials purchased on account Factory labor accrued ncurred manufacturing overhead on account $16,500 $7,200 $4,400 a. Prepare separate journal entries for each manufacturing cost. Raw Materials Purchased on Account: Account Titles Debit Credit Factory Labor Accrued: Account Titles Debit Credit Incurred Manufacturing Overhead on Account: Account Titles Debit Credit Moss used $12,400 of direct materials and $3,000 of indirect materials on Job 152. Prepare the...
The gross earnings of the factory workers for Bramble Company during the month of January are $82.000. Of the total accumulated cost of factory labor, 82% is related to direct labor and 18% is attributable to indirect labor. (a) Record the factory labor costs for the month of January. (b) Assign factory labor to production. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Inventory Raw Materials...
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PEARSON
Years
S&P 500
Stock Price
2014
1,692
$68.00
2015
1,978
$102.00
2016
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$110.00
2017...
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