Homework Answers
(1) Journal entry to record a job completed :-
Finished goods a/c Dr
Work in process a/c Cr
Option (b) is correct
(2) Work in process as on April 30 = Beginning balance of WIP + Direct materials + Direct labor + Factory overhead - Goods finished
$7000 + $78400 + $195000 + $136500 - $387000 = $29900
option (c) is correct
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Journalizing the entry to record a job completed would include a debit to Oa. Factory Overhead...
please help with these please i am so confused. please do all them. thank you. -...
please help with these please i am so confused. please do all
them. thank you.
- 17. Selected account with edebit credits are presented as follows Work in Press 20,000 Deti Goods finished Oer 31 31 31 Balance Direct materials Direct labor Factory overhead 201,000 Ol Balance 31 Goods finished Finished Clouds 52.000 300,000 521,000, what was the amount of factory overhead applied the balance of Work in Progress at October 31 in October? 56.300 b. 521,300 54,300 d. SIL.300...
Selected accounts with a credit amount omitted are as follows Goods finished Apr. 1 30 Balance...
Selected accounts with a credit amount omitted are as follows Goods finished Apr. 1 30 Balance Direct materials Direct labor Factory overhead Work in Process 6,700 Apr. 30 53,000 191,200 57,360 30 30 Finished Goods Apr. 1 Balance 15,200 30 Goods finished 307,300 What was the balance of Work in Process as of April 307 Oa. $57,360 Ob. $960 Oc. $15,200 Od. $307,300
The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: OA...
The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: OA) Jobs Overhead Expense OB) Cost of Goods Sold OC) Finished Goods Inventory D) Indirect Labor OE) Goods in Process Inventory
Selected accounts with a credit amount omitted are as follows Work in Process 7,000 Apr. 30...
Selected accounts with a credit amount omitted are as follows Work in Process 7,000 Apr. 30 56,400 Apr. 1 Balanc Goods finished 30 Direct materials 30 Direct labor 30 Factory overhead 193,900 58,170 Finished Goods Apr. 1 Balance 12,700 Goods finished 304,400 30 What was the balance of Work in Process as of April 30? Oa. $304,400 Ob. $58,170 Oc. $11,070 od, $12,700
1) 2) 3) 4) Which of the following will not be found on the balance sheet...
1)
2)
3)
4)
Which of the following will not be found on the balance sheet of a manufacturing company? Oa. work in process Ob. cost of goods sold Oc. finished goods Od. materials Jensen Company reports the following: Direct materials used Direct labor incurred Factory overhead incurred Operating expenses $345,000 250,000 400,000 175,000 Jensen Company's period costs are Oa. $400,000 Ob. $175,000 Oc. $250,000 Od. $345,000 The direct materials costs and direct labor costs incurred by a production department...
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390....
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390. A total of 3,926 units were produced at a per-unit cost of On: 533 Ob 53,926 Oc. $129,558 Od 597,166 Smith Company reports the following information: $68,250 Cost of goods manufactured Direct materials used Direct labor incurred Work in process inventory, January 1 27,000 25,000 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is...
DOORS and Magia Education Games Movies Videos & Music Productivity Security Toshiba ber 14 Calculator Selected...
DOORS and Magia Education Games Movies Videos & Music Productivity Security Toshiba ber 14 Calculator Selected accounts with amounts omitted are as follows Aug Goods finished 1,030,000 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead Work in Process 275,000 Aug. 31 X 450,000 x х < Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 Balance 15,000 31 Applied (30% of direct labor cost) If the balance of Work in Process on August 31 is $220,000, what...
Selected accounts with a credit amount omitted are as follows Goods finished Apr. 1 30 Balance...
Selected accounts with a credit amount omitted are as follows Goods finished Apr. 1 30 Balance Direct materials Direct labor Factory overhead Work in Process 6,900 Apr. 30 65,800 194,000 58,200 30 Finished Goods Apr. 1 Balance 14,800 Goods finished 308,900 What was the balance of Work in Process as of April 30? a. $14,800 b. $16,000 c. $308,900 d. $58,200
Calculator Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1...
Calculator Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 30 Goods finished Balance Direct materials Direct labor Factory overhead 6,000 Apr. 30 53,300 191,600 57,480 Finished Goods Apr. 1 Balance 14,300 30 Goods finished 303,300 What was the balance of Work in Process as of April 30? TVT a. $303,300 b. $14,300 c. $57,480 d. $5,080
Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance...
Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance 7,500 Apr. 30 Goods finished X 30 Direct materials 51,700 30 Direct labor 193,700 30 Factory overhead 58,110 Finished Goods Apr. 1 Balance 13,600 30 Goods finished 304,000 What was the balance of Work in Process as of April 30? a.$7,010 b.$13,600 c.$58,110 d.$304,000
please help with these please i am so confused. please do all
them. thank you.
- 17. Selected account with edebit credits are presented as follows Work in Press 20,000 Deti Goods finished Oer 31 31 31 Balance Direct materials Direct labor Factory overhead 201,000 Ol Balance 31 Goods finished Finished Clouds 52.000 300,000 521,000, what was the amount of factory overhead applied the balance of Work in Progress at October 31 in October? 56.300 b. 521,300 54,300 d. SIL.300...
Selected accounts with a credit amount omitted are as follows Goods finished Apr. 1 30 Balance Direct materials Direct labor Factory overhead Work in Process 6,700 Apr. 30 53,000 191,200 57,360 30 30 Finished Goods Apr. 1 Balance 15,200 30 Goods finished 307,300 What was the balance of Work in Process as of April 307 Oa. $57,360 Ob. $960 Oc. $15,200 Od. $307,300
The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: OA) Jobs Overhead Expense OB) Cost of Goods Sold OC) Finished Goods Inventory D) Indirect Labor OE) Goods in Process Inventory
Selected accounts with a credit amount omitted are as follows Work in Process 7,000 Apr. 30 56,400 Apr. 1 Balanc Goods finished 30 Direct materials 30 Direct labor 30 Factory overhead 193,900 58,170 Finished Goods Apr. 1 Balance 12,700 Goods finished 304,400 30 What was the balance of Work in Process as of April 30? Oa. $304,400 Ob. $58,170 Oc. $11,070 od, $12,700
1)
2)
3)
4)
Which of the following will not be found on the balance sheet of a manufacturing company? Oa. work in process Ob. cost of goods sold Oc. finished goods Od. materials Jensen Company reports the following: Direct materials used Direct labor incurred Factory overhead incurred Operating expenses $345,000 250,000 400,000 175,000 Jensen Company's period costs are Oa. $400,000 Ob. $175,000 Oc. $250,000 Od. $345,000 The direct materials costs and direct labor costs incurred by a production department...
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390. A total of 3,926 units were produced at a per-unit cost of On: 533 Ob 53,926 Oc. $129,558 Od 597,166 Smith Company reports the following information: $68,250 Cost of goods manufactured Direct materials used Direct labor incurred Work in process inventory, January 1 27,000 25,000 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is...
DOORS and Magia Education Games Movies Videos & Music Productivity Security Toshiba ber 14 Calculator Selected accounts with amounts omitted are as follows Aug Goods finished 1,030,000 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead Work in Process 275,000 Aug. 31 X 450,000 x х < Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 Balance 15,000 31 Applied (30% of direct labor cost) If the balance of Work in Process on August 31 is $220,000, what...
Selected accounts with a credit amount omitted are as follows Goods finished Apr. 1 30 Balance Direct materials Direct labor Factory overhead Work in Process 6,900 Apr. 30 65,800 194,000 58,200 30 Finished Goods Apr. 1 Balance 14,800 Goods finished 308,900 What was the balance of Work in Process as of April 30? a. $14,800 b. $16,000 c. $308,900 d. $58,200
Calculator Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 30 Goods finished Balance Direct materials Direct labor Factory overhead 6,000 Apr. 30 53,300 191,600 57,480 Finished Goods Apr. 1 Balance 14,300 30 Goods finished 303,300 What was the balance of Work in Process as of April 30? TVT a. $303,300 b. $14,300 c. $57,480 d. $5,080
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