Homework Answers
Journal entries
| Transaction | General Journal | Debit | Credit |
| a | Raw material | 77400 | |
| Account payable | 77400 | ||
| b | Work in process | 50600 | |
| Raw material | 50600 | ||
| c | Work in process | 20900 | |
| Wages payable | 20900 | ||
| d | Work in process (20900*1.2) | 25080 | |
| Manufacturing overhead | 25080 | ||
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Starr Company reports the following information for August. Raw materials purchased on account $77,400 Direct materials...
Starr Company reports the following information for August. Raw materials purchased on account $76,200 Direct materials...
Starr Company reports the following information for
August.
Raw materials purchased on account $76,200
Direct materials used in production $48,000
Factory wages earned (direct labor) $15,350
Overhead rate 120 % of direct labor cost
Prepare journal entries to record the following events.
1. Raw materials purchased.
2. Direct materials used in production.
3. Direct labor used in production.
4. Applied overhead.
View transaction list Journal entry worksheet < ( 1 ) 2 3 4 Record raw materials purchased on account....
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $80, 200 $49,800 $15,800 125% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter...
Starr Company reports the following information for August. Raw materials purchased on account $ 84,600 Direct...
Starr Company reports the following information for August. Raw materials purchased on account $ 84,600 Direct materials used in production $ 50,000 Factory wages earned (direct labor) $ 15,650 Overhead rate 135 % of direct labor cost Prepare journal entries to record the following events. Raw materials purchased. Direct materials used in production. Direct labor used in production. Applied overhead. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record raw materials purchased on account, Record the entry...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $83,400 $49,600 $20,450 130 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < 1 2 3 4 Record raw materials purchased on account Note: Enter debits...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 79,400 $ 56,200 $ 18,800 140 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet <...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August Raw materials purchased on account Direet materials used in production Factory wages earned direct labor) Overhead rate $89,000 $53,800 $21,050 125 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet « А в со Record...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $81,000 $48,400 $16,400 135 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 2. Applied overhead. View transaction list Journal entry worksheet < A B C...
Prepare journal entries to record the following production activities. 1. Purchased $40,000 of raw materials on...
Prepare journal entries to record the following production activities. 1. Purchased $40,000 of raw materials on credit. 2. Used $17,000 of direct materials in the Roasting department. 3. Used $21,000 of indirect materials in production. Journal entry worksheet 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record direct materials used in production. Note: Enter debits before credits. Transaction General Journal Debit...
Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $65,000 in raw materials....
Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $65,000 in raw materials. Its mixing department requisitioned $61,500 of those materials for use in production Prepare journal entries to record its purchase of raw materials and requisition of direct materials. View transaction list Journal entry worksheet < 1 2 Record purchase of raw materials inventory on account. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Hotwax makes...
a. $80,000 in raw materials were purchased on account b. $71,000 in raw materials were used...
a. $80,000 in raw materials were purchased on account b. $71,000 in raw materials were used in production of this amount, $62,000 was for direct materials and the remainder was for Indirect materials. c. Total labor wages of $112,000 were paid in cash. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor. d. Depreciation of $175,000 was incurred on factory equipment. eBook Required: Record the above transactions in journal entries. (If no entry is...
Starr Company reports the following information for
August.
Raw materials purchased on account $76,200
Direct materials used in production $48,000
Factory wages earned (direct labor) $15,350
Overhead rate 120 % of direct labor cost
Prepare journal entries to record the following events.
1. Raw materials purchased.
2. Direct materials used in production.
3. Direct labor used in production.
4. Applied overhead.
View transaction list Journal entry worksheet < ( 1 ) 2 3 4 Record raw materials purchased on account....
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $80, 200 $49,800 $15,800 125% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $83,400 $49,600 $20,450 130 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < 1 2 3 4 Record raw materials purchased on account Note: Enter debits...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 79,400 $ 56,200 $ 18,800 140 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet <...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August Raw materials purchased on account Direet materials used in production Factory wages earned direct labor) Overhead rate $89,000 $53,800 $21,050 125 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet « А в со Record...
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $81,000 $48,400 $16,400 135 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 2. Applied overhead. View transaction list Journal entry worksheet < A B C...
Prepare journal entries to record the following production activities. 1. Purchased $40,000 of raw materials on credit. 2. Used $17,000 of direct materials in the Roasting department. 3. Used $21,000 of indirect materials in production. Journal entry worksheet 2 3 Record materials purchased on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record direct materials used in production. Note: Enter debits before credits. Transaction General Journal Debit...
Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $65,000 in raw materials. Its mixing department requisitioned $61,500 of those materials for use in production Prepare journal entries to record its purchase of raw materials and requisition of direct materials. View transaction list Journal entry worksheet < 1 2 Record purchase of raw materials inventory on account. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Hotwax makes...
a. $80,000 in raw materials were purchased on account b. $71,000 in raw materials were used in production of this amount, $62,000 was for direct materials and the remainder was for Indirect materials. c. Total labor wages of $112,000 were paid in cash. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor. d. Depreciation of $175,000 was incurred on factory equipment. eBook Required: Record the above transactions in journal entries. (If no entry is...
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