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The journal entry to record indirect labor costs used in production includes a debit to Factory
a. The journal entry to assign costs of direct materials used in production includes which two...
a. The journal entry to assign costs of direct materials used in production includes which two of the following? Select the correct answer to complete each question. Multiple boxes may be checked if needed. Credit to Raw Materials Inventory Debit to Raw Materials Inventory Credit to Work in Process Inventory Debit to Factory Overhead Credit to Factory Overhead Debit to Work in Process Inventory b. The journal entry to record indirect materials used in production includes which two of the...
The journal entry to record the usage of Indirect Materials includes a debit to Work in...
The journal entry to record the usage of Indirect Materials includes a debit to Work in Process Inventory. True or False?
What is the entry to record the factory labor costs for the month of january and...
What is the entry to record the factory labor costs for the
month of january and what is rhe entry to assign factory labor
production?
Current Attempt in Progress The gross earnings of the factory workers for Larkin Company during the month of January are $87,000. The employer's payroll taxes for the factory payroll are $9,400. The fringe benefits to be paid by the employer on this payroll are $5,000. Of the total accumulated cost of factory labor, 82% is...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,000. 2. Applied overhead at 105% of direct labor costs. Direct labor costs were $49,000 in the Roasting department and $27,000 in the Blending department Journal entry worksheet 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for overhead...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $45,000. 2. Applied overhead at 100% of direct labor costs. Direct labor costs were $39,000 in the Roasting department and $43,000 in the Blending department. View transaction list Journal entry worksheet < 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1....
Journal entry one is given. Journal entry 2 record the raw materials used in production, 189,000...
Journal entry one is given.
Journal entry 2 record the raw materials used in production,
189,000 (151,200 direct materials and 37,800 indirect
materials).
Journal entry 3 record the entry for accrued direct Labor
costs incurred, 50,000; indirect Labor cost incurred, 22,000.
Journal entry 4 depreciation recorded on factory equipment,
105,000.
Journal entry 5 other manufacturing overhead costs accrued
during October, 130,000.
Journal entry 6 The company applies manufacturing overhead
cost to production on the basis of 6$ per machine hour....
Prepare journal entries to record the following production activities. 1. Incurred $50,000 of direct labor in...
Prepare journal entries to record the following production activities. 1. Incurred $50,000 of direct labor in the Roasting department and $31,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of Indirect labor in production (credit Factory Wages Payable). 3. Paid factory payroll. View transaction list Journal entry worksheet 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits General Journal Debit Transaction 1...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,750. 2. Applied overhead at 110% of direct labor costs. Direct labor costs were $42,000 in the Roasting department and $33,000 in the Blending department. View transaction list Journal entry worksheet Record the entry for overhead applied to production. Note: Enter debits before credits. Transaction Debit Credit 2 General Journal Work in process inventory—Roasting Finshed goods inventory 82,500 82,500
Prepare journal entries to record the following production activities. 1. Incurred $46,000 of direct labor in...
Prepare journal entries to record the following production activities. 1. Incurred $46,000 of direct labor in the Roasting department and $30,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of indirect labor in production (credit Factory Wages Payable) 3. Paid factory payroll. Journal entry worksheet < 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry...
Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then...
Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit (a) Present the journal entry for (b) manufacturing labor incurred. Journal Entry Accounts Debit Credit (b) Present the journal entry for (c) manufacturing overhead costs incurred. Journal Entry Accounts Debit Credit (c) Present the journal entry for (d) allocation of manufacturing overhead costs to jobs. Journal Entry Accounts Debit Credit (d) Present the journal...
What is the entry to record the factory labor costs for the
month of january and what is rhe entry to assign factory labor
production?
Current Attempt in Progress The gross earnings of the factory workers for Larkin Company during the month of January are $87,000. The employer's payroll taxes for the factory payroll are $9,400. The fringe benefits to be paid by the employer on this payroll are $5,000. Of the total accumulated cost of factory labor, 82% is...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,000. 2. Applied overhead at 105% of direct labor costs. Direct labor costs were $49,000 in the Roasting department and $27,000 in the Blending department Journal entry worksheet 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for overhead...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $45,000. 2. Applied overhead at 100% of direct labor costs. Direct labor costs were $39,000 in the Roasting department and $43,000 in the Blending department. View transaction list Journal entry worksheet < 1 2 Record overhead costs paid. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities. 1....
Journal entry one is given.
Journal entry 2 record the raw materials used in production,
189,000 (151,200 direct materials and 37,800 indirect
materials).
Journal entry 3 record the entry for accrued direct Labor
costs incurred, 50,000; indirect Labor cost incurred, 22,000.
Journal entry 4 depreciation recorded on factory equipment,
105,000.
Journal entry 5 other manufacturing overhead costs accrued
during October, 130,000.
Journal entry 6 The company applies manufacturing overhead
cost to production on the basis of 6$ per machine hour....
Prepare journal entries to record the following production activities. 1. Incurred $50,000 of direct labor in the Roasting department and $31,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of Indirect labor in production (credit Factory Wages Payable). 3. Paid factory payroll. View transaction list Journal entry worksheet 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits General Journal Debit Transaction 1...
Prepare journal entries to record the following production activities. 1. Paid overhead costs (other than indirect materials and indirect labor) of $38,750. 2. Applied overhead at 110% of direct labor costs. Direct labor costs were $42,000 in the Roasting department and $33,000 in the Blending department. View transaction list Journal entry worksheet Record the entry for overhead applied to production. Note: Enter debits before credits. Transaction Debit Credit 2 General Journal Work in process inventory—Roasting Finshed goods inventory 82,500 82,500
Prepare journal entries to record the following production activities. 1. Incurred $46,000 of direct labor in the Roasting department and $30,000 of direct labor in the Blending department of direct labor in production (credit Factory Wages Payable). 2. Incurred $20,000 of indirect labor in production (credit Factory Wages Payable) 3. Paid factory payroll. Journal entry worksheet < 1 2 3 Record direct labor incurred, but not yet paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry...
Present the journal entry for (a) usage of direct and indirect materials. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit (a) Present the journal entry for (b) manufacturing labor incurred. Journal Entry Accounts Debit Credit (b) Present the journal entry for (c) manufacturing overhead costs incurred. Journal Entry Accounts Debit Credit (c) Present the journal entry for (d) allocation of manufacturing overhead costs to jobs. Journal Entry Accounts Debit Credit (d) Present the journal...
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