Fill in (type in) the blank. The following employee costs were incurred and paid: direct labor...
Fill in (type in) the blank.
The following employee costs were incurred and paid: direct labor $295,000; indirect labor $82,000; administrative salaries $180,000.
This journal entry would require a debit to work in process for________ , a debit to manufacturing overhead for________ , a debit to salaries expense for _________ , and a credit to cash for $557,000.
Homework Answers
| Correct Answer : | |||||
| Debt to Work in progress 295000 | |||||
| Debit to manufacturing overhead $82000 | |||||
| Debit to Salaries expenses $180000 | |||||
| Credit cash $557000 | |||||
| Direct abor is considered in work in progress where as indirect labor is part of manufacturing overhead. | |||||
Add Answer to:
Fill in (type in) the blank.
The following employee costs were incurred and paid:
direct labor...
112020 In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of Indirect labor...
112020 In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of Indirect labor costs. The journal entry to record the accrual of these wages would include a Multiple Choice credit to Work in Process of $79.000 credit to Manufacturing Overhead of $6,000 debit to Manufacturing Overhead of 56.000 debit to Work in Process of $79,000
(Fill in the blank Choices) for: (Question 6)(Question 9) Administrative Beginning Contribution Cost driver Direct...
(Fill in the blank Choices) for: (Question 6)(Question
9)
Administrative
Beginning
Contribution
Cost driver
Direct labor
Direct labor-hours
Direct materials
Dollars of direct labor cost
Ending
Expensed
Fixed
Fixed manufacturing overhead
For the period ended
Income statement
Indirect labor
Indirect materials
Job cost
Level of activity
Machine-hours
Manufacturing
Manufacturing overhead
Margin
Name of company
Overapplied
Period
Predetermined overhead rate
Process cost
Selling
Statement of cost of goods manufactured
Total budgeted overhead
Underapplied
Variable costing
Work inprocess inventory
Question 7...
During June, Buttrey Corporation incurred $84.000 of Grect labor costs and $24,000 of indirect labor costs....
During June, Buttrey Corporation incurred $84.000 of Grect labor costs and $24,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a Multiple Choice debt to work in Process of 504.000 Cred to work in Process of SOB,000 o o debit to Work in Process of $100,000 o credit to Work in Process of 4000 Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's Inventory balances were as...
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...
Question Not yet answered Marked out of 1.00 P Flag question The following costs were incurred...
Question Not yet answered Marked out of 1.00 P Flag question The following costs were incurred to complete 3 jobs during the year: Direct materials Direct labour Job Al $2138 $4139 Job Gl S1335 S3194 Job A2 $2922 S3248 In addition, the supervisor's salary (who is responsible for monitoring the whole 3rd and 4th floors of the factory) is S65517. The journal entries for the year will include which of the following Select one a. A debit to work in...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244.500 and 9,500 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 $84.912 underapplied O o $85,612 underapplied O o $84,912 overapplied...
1. Question: Selling and administrative costs are often called __________ costs and are __________ as incurred....
1. Question: Selling and administrative costs are often called __________ costs and are __________ as incurred. Fill in the blank choices for question Administrative Beginning Contribution Cost driver Direct labor Direct labor-hours Direct materials Dollars of direct labor cost Ending Expensed Fixed Fixed manufacturing overhead For the period ended Income statement Indirect labor Indirect materials Job cost Level of activity Machine-hours Manufacturing Manufacturing overhead Margin Name of company Overapplied Period Predetermined overhead rate Process cost Selling Statement of cost of...
The following costs were incurred in May: Direct materials $ 45,100 Direct labor $ 32,300 Manufacturing...
The following costs were incurred in May: Direct materials $ 45,100 Direct labor $ 32,300 Manufacturing overhead $ 26,700 Selling expenses $ 17,900 Administrative expense $ 34,100 Prime costs during the month totaled:
Required information [The following information applies to the questions displayed below.) Bunnell Corporation is a manufacturer...
Required information [The following information applies to the questions displayed below.) Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: $50,500 Raw materials Work in process Finished goods $25,000 $38,100 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 of total manufacturing overhead...
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...
112020 In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of Indirect labor costs. The journal entry to record the accrual of these wages would include a Multiple Choice credit to Work in Process of $79.000 credit to Manufacturing Overhead of $6,000 debit to Manufacturing Overhead of 56.000 debit to Work in Process of $79,000
(Fill in the blank Choices) for: (Question 6)(Question
9)
Administrative
Beginning
Contribution
Cost driver
Direct labor
Direct labor-hours
Direct materials
Dollars of direct labor cost
Ending
Expensed
Fixed
Fixed manufacturing overhead
For the period ended
Income statement
Indirect labor
Indirect materials
Job cost
Level of activity
Machine-hours
Manufacturing
Manufacturing overhead
Margin
Name of company
Overapplied
Period
Predetermined overhead rate
Process cost
Selling
Statement of cost of goods manufactured
Total budgeted overhead
Underapplied
Variable costing
Work inprocess inventory
Question 7...
During June, Buttrey Corporation incurred $84.000 of Grect labor costs and $24,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a Multiple Choice debt to work in Process of 504.000 Cred to work in Process of SOB,000 o o debit to Work in Process of $100,000 o credit to Work in Process of 4000 Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's Inventory balances were as...
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...
Question Not yet answered Marked out of 1.00 P Flag question The following costs were incurred to complete 3 jobs during the year: Direct materials Direct labour Job Al $2138 $4139 Job Gl S1335 S3194 Job A2 $2922 S3248 In addition, the supervisor's salary (who is responsible for monitoring the whole 3rd and 4th floors of the factory) is S65517. The journal entries for the year will include which of the following Select one a. A debit to work in...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244.500 and 9,500 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 $84.912 underapplied O o $85,612 underapplied O o $84,912 overapplied...
Required information [The following information applies to the questions displayed below.) Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: $50,500 Raw materials Work in process Finished goods $25,000 $38,100 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $11.75 per direct labor-hour was based on a cost formula that estimated $470,000 of total manufacturing overhead...
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...
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