Homework Answers
| Date | Account Titles and Explanations | Debit $ | Credit $ |
| Jan.31 | Work in process Inventory | 5,600 | |
| (2330+1710+1560) | |||
| Manufacturing Overhead | 1,100 | ||
| Factory Labor | 6,700 | ||
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During January, time tickets show that the factory labor of $6,700 was used as follows: Job...
During January, time tickets show that the factory labor of 6,300 was used as follows: Job...
During January, time tickets show that the factory labor of 6,300 was used as follows: Job 1 $2,380, Job 2 $1,700, Job 3 $1,690, and general factory use $530. Prepare a summary journal entry to record factory labor used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation Debit Credit Jan. 31 udy
In January, Coronado company requisitions raw materials for production as follows: Job 1 $950, Job 2...
In January, Coronado company requisitions raw materials for production as follows: Job 1 $950, Job 2 $1,300, Job 3 $800, and general factory use indirect materials) $610. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not internt manually.) Debit Credit Date Account Titles and Explanation Jan. 31 Work in Process Inventory Manufacturing Overhead 610 Raw Materials Inventory Click if you would like to show Work for this...
In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2...
In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200, Job 3 $770, and general factory use $700. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31
Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No....
Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $2,240 101 1,860 104 3,400 108 3,900 Indirect 11,940 111 2,380 115 1,560 117 10,570 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable
Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg, bal Jan...
Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg, bal Jan 6,300 6,700 4,690 6,700 9,200 7,360 2,600 3,840 4,800 20,700 15,600 15,890 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($52,190 + 2,000) $15,600 20,700 15,890 $52, 190 $26.10 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the...
Problem 2-1A (Video) Latt Company uses a job order cost system and applies overhead to production...
Problem 2-1A (Video) Latt Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Jab 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,600, direct labar $12,360, and manufacturing overhead $16,480. As of January 1, Job 49 had been carnpleted at a cost of $92,700 and was part of finished goods inventory. There...
CALCULATOR MESSAGE HY INSTRUCTOR FUL SCREEN PRINTER VERSION BACK NEXT Lott Company uses a job order...
CALCULATOR MESSAGE HY INSTRUCTOR FUL SCREEN PRINTER VERSION BACK NEXT Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,000, direct labor $13,080, and manufacturing overhead $17,440. As of January 1, Job 49 had been completed at a cost of $98,100 and...
Exercise 15-15 a-d Ivanhoe Company issued $430,000, 9%, 20-year bonds on January 1, 2020, at 102....
Exercise 15-15 a-d Ivanhoe Company issued $430,000, 9%, 20-year bonds on January 1, 2020, at 102. Interest is payable annually on January 1. Ivanhoe uses straight-line amortization for bond premium or discount. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Cash 438600 Bonds Payable 430000 Premium on Bonds Payable 8600 SHOW LIST OF...
A Job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials...
A Job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg. bal. Jan. 1 5,500 6,700 4,690 6,700 8,800 7,040 2,900 4,000 19,500 3,200 14,930 15,100 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($49,530 + 2,000) $15,100 19,500 14,930 $49,530 $24.77 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in...
Lott Company uses a job order cost system and applies overhead to production on the basis...
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,800, direct labor $13,080, and manufacturing overhead $17,440. As of January 1, Job 49 had been completed at a cost of $98,100 and was part of finished goods inventory. There was a $16,350...
During January, time tickets show that the factory labor of 6,300 was used as follows: Job 1 $2,380, Job 2 $1,700, Job 3 $1,690, and general factory use $530. Prepare a summary journal entry to record factory labor used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation Debit Credit Jan. 31 udy
In January, Coronado company requisitions raw materials for production as follows: Job 1 $950, Job 2 $1,300, Job 3 $800, and general factory use indirect materials) $610. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not internt manually.) Debit Credit Date Account Titles and Explanation Jan. 31 Work in Process Inventory Manufacturing Overhead 610 Raw Materials Inventory Click if you would like to show Work for this...
In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200, Job 3 $770, and general factory use $700. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31
Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg, bal Jan 6,300 6,700 4,690 6,700 9,200 7,360 2,600 3,840 4,800 20,700 15,600 15,890 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($52,190 + 2,000) $15,600 20,700 15,890 $52, 190 $26.10 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the...
Problem 2-1A (Video) Latt Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Jab 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,600, direct labar $12,360, and manufacturing overhead $16,480. As of January 1, Job 49 had been carnpleted at a cost of $92,700 and was part of finished goods inventory. There...
CALCULATOR MESSAGE HY INSTRUCTOR FUL SCREEN PRINTER VERSION BACK NEXT Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,000, direct labor $13,080, and manufacturing overhead $17,440. As of January 1, Job 49 had been completed at a cost of $98,100 and...
Exercise 15-15 a-d Ivanhoe Company issued $430,000, 9%, 20-year bonds on January 1, 2020, at 102. Interest is payable annually on January 1. Ivanhoe uses straight-line amortization for bond premium or discount. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Cash 438600 Bonds Payable 430000 Premium on Bonds Payable 8600 SHOW LIST OF...
A Job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead Date Beg. bal. Jan. 1 5,500 6,700 4,690 6,700 8,800 7,040 2,900 4,000 19,500 3,200 14,930 15,100 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($49,530 + 2,000) $15,100 19,500 14,930 $49,530 $24.77 (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in...
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