Homework Answers
| Date | Account Title and Explanation | Debit | Credit |
| Jan-31 | Work in Process Inventory (950+1300+800) | 3050 | |
| Manufacturing overhead | 610 | ||
| Raw materials inventory | 3660 | ||
| (To record Raw Material Usage) |
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In January, Coronado company requisitions raw materials for production as follows: Job 1 $950, Job 2...
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
Brief Exercise 2-3 In January, Dieker Company requisitions raw materials for production as follows: Job 1...
Brief Exercise 2-3 In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200, Job 3 $780, and general factory use $710. Prepare a summary journal entry to record raw materials used. Brief Exercise 2-4 During January, time tickets show that the factory labor of $6,700 was used as follows: Job 1 $2,330, Job 2 $1,770, Job 3 $1,620, and general factory use $980. Prepare a summary journal entry to record factory labor used.
Accounting y Updates Question 2 ssions View Policies Current Attempt in Progress erences aborations In January,...
Accounting y Updates Question 2 ssions View Policies Current Attempt in Progress erences aborations In January, Dieker Company requisitions raw materials for production as follows Job 15990. Job 2 $1,300, Job 3 5770, and general factory use $700 PLUS Support 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
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...
Problem 2-1A (Video) Lott Company uses a job order cost system and applies overhead to production...
Problem 2-1A (Video) 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...
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 $6,700 was used as follows: Job...
During January, time tickets show that the factory labor of $6,700 was used as follows: Job 1 $2,330, Job 2 $1,710, Job 3 $1,560, and general factory use (indirector) $1,100. 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 Titles and Explanation Debit Credit Jan. 31 Work in Process Inventory Manufacturing Overhead Factory Labor Click if you would like to Show Work for...
Lott company uses a Problem 2-1A (Video) Lott Company uses a job order cost system and...
Lott company uses a
Problem 2-1A (Video) 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 $22,000, direct labor $13,200, and manufacturing overhead $17,600. As of January 1, Job 49 had been completed at a cost of $99,000 and was part of...
NEXT er exercise 16-02 Marigold Company purchases $54,900 of raw materials on account, and it incurs...
NEXT er exercise 16-02 Marigold Company purchases $54,900 of raw materials on account, and it incurs $63,300 of the factory labor costs Supporting records show that (a) the Assembly Department used 130,600 of raw materials and $40,100 of the factory labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and...
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 $20,000, direct labor $12,000, and manufacturing overhead $16,000. As of January 1, Job 49 had been completed at a cost of $90,000 and was part of finished goods inventory. There was a $15,000...
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
Brief Exercise 2-3 In January, Dieker Company requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200, Job 3 $780, and general factory use $710. Prepare a summary journal entry to record raw materials used. Brief Exercise 2-4 During January, time tickets show that the factory labor of $6,700 was used as follows: Job 1 $2,330, Job 2 $1,770, Job 3 $1,620, and general factory use $980. Prepare a summary journal entry to record factory labor used.
Accounting y Updates Question 2 ssions View Policies Current Attempt in Progress erences aborations In January, Dieker Company requisitions raw materials for production as follows Job 15990. Job 2 $1,300, Job 3 5770, and general factory use $700 PLUS Support 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
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...
Problem 2-1A (Video) 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...
During January, time tickets show that the factory labor of $6,700 was used as follows: Job 1 $2,330, Job 2 $1,710, Job 3 $1,560, and general factory use (indirector) $1,100. 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 Titles and Explanation Debit Credit Jan. 31 Work in Process Inventory Manufacturing Overhead Factory Labor Click if you would like to Show Work for...
Lott company uses a
Problem 2-1A (Video) 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 $22,000, direct labor $13,200, and manufacturing overhead $17,600. As of January 1, Job 49 had been completed at a cost of $99,000 and was part of...
NEXT er exercise 16-02 Marigold Company purchases $54,900 of raw materials on account, and it incurs $63,300 of the factory labor costs Supporting records show that (a) the Assembly Department used 130,600 of raw materials and $40,100 of the factory labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and...
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 $20,000, direct labor $12,000, and manufacturing overhead $16,000. As of January 1, Job 49 had been completed at a cost of $90,000 and was part of finished goods inventory. There was a $15,000...
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