Leandro Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following...
Leandro Corp. manufactures wooden desks. Production consists of
three processes: cutting, assembly, and finishing. The following
costs are given for April:
| Cutting | Assembly | Finishing | |
| direct materials | $7,000 | $10,000 | $3,000 |
| direct labor | 3,000 | 14,000 | 2,000 |
| applied overhead | 4,000 | 5,000 | 6,000 |
There were no work in process inventories and 1,000 podiums were
produced.
The journal entry to assign costs to the Assembly process would
be
Homework Answers
The journal entry to assign costs to the Assembly process would be :
| Date | accounts & explanation | debit | credit |
| Work in process | 10000 | ||
| Direct material | 10000 | ||
| Work in process | 14000 | ||
| Wages payable | 14000 | ||
| Work in process | 5000 | ||
| Manufacturing overhead | 5000 | ||
Add Answer to:
Leandro Corp. manufactures wooden desks. Production consists of
three processes: cutting, assembly, and finishing. The following...
Leandro Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The f...
Leandro Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following costs are given for April: Cutting Assembly Finishing direct materials $7,000 $10,000 $3,000 direct labor 3,000 14,000 2,000 applied overhead 4,000 5,000 6,000 There were no work in process inventories and 1,000 podiums were produced. What is the cost transferred out of the assembly department. a. $29,000 b. $43,000 c. $14,000 d. $54,000 e. None of these choices are correct.
Gobert Corporation manufactures wooden tables and chairs. Their estimated direct manufacturing costs (cost of the wood,...
Gobert Corporation manufactures wooden tables and chairs. Their estimated direct manufacturing costs (cost of the wood, cost of labor of employees cutting wood and assembling tables and chairs) are $38/unit. Gobert Corp. expects to incur indirect overhead costs of $80,000 per month. Expected production for the first four months of 2019 is as follows: January February March April Estimated production (in units) 6,000 7,000 3,000 4,000 How much overhead would Gobert Corporation allocate to the month of March?
Calculator The following production data were taken from the records of the Finishing Department for June...
Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000...
QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department...
QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department completed a number of units of a product and transferred them to Assembly. Of these transferred units, 37,800 were in process in the Cutting department at the beginning of May and 154,800 were started and completed in May. May’s Cutting department beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of May, 51,600...
QualCo manufactures a single product in two departments. Cutting the assembly. During May, the Cutting department...
QualCo manufactures a single product in two departments. Cutting
the assembly. During May, the Cutting department completed a number
of units...
! Required Information The following information applies to the questions displayed below] QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department completed a number of units of a product and transferred them to Assembly of these transferred units, 39,000 were in process in the Cutting department at the beginning of May and...
QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department...
QualCo manufactures a single product in two departments: Cutting
and Assembly. During May, the Cutting department completed a number
of units of a product and transferred them to Assembly. Of these
transferred units, 39,100 were in process in the Cutting department
at the beginning of May and 166,500 were started and completed in
May. May’s Cutting department beginning inventory units were 60%
complete with respect to materials and 40% complete with respect to
conversion. At the end of May, 52,900...
Hatch Company produces a product that passes through three processes: Fabrication, Assembly, and Finishing. All manufacturing...
Hatch Company produces a product that passes through three processes: Fabrication, Assembly, and Finishing. All manufacturing costs are added uniformly for all processes. The following information was obtained for the Fabrication Department for December: Work in process, June 1, had 90,000 units (40 percent completed) and the following costs: Direct materials $ 72,720 Direct labor 108,000 Overhead 36,000 During the month of June, 180,000 units were completed and transferred to the Assembly Department, and the following costs were added to production:...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 73,500 75,500 93,300 69,800 26,100 14,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 40,000 Direct materials used-Cutting 22,500 Direct materials...
Portland Tile produces ceramic tiles using two sequential production departments; Tile Forming and Tile Finishing....
Portland Tile produces ceramic tiles using two sequential production departments; Tile Forming and Tile Finishing. The company uses a weighted average process costing system. Data for the Tile Forming Department Month ended Oct 31 Information about units: Units in WIP, Oct 1 4,000 Units started during Oct. 18,000 Completed and transferred to Finishing Units in WIP, Oct 31 (80% complete) 2,000 Direct materials are added at the beginning of the forming process. Information about costs: Beginning inventory consists of $800...
1) 2) 3) 4) 5) The debits to Work in Process-Assembly Department for April, together with...
1)
2)
3)
4)
5)
The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: $8,900 5,500 27,500 32,000 Materials cost, 3,000 units Conversion costs, 3,000 units, 80% completed Materials added during April, 10,000 units Conversion costs during April Goods finished during April, 11,500 units April 30 work in process, 1,500 units, 60% completed 0 All direct materials are placed in process at the beginning of the process...
Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000...
QualCo manufactures a single product in two departments. Cutting
the assembly. During May, the Cutting department completed a number
of units...
! Required Information The following information applies to the questions displayed below] QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department completed a number of units of a product and transferred them to Assembly of these transferred units, 39,000 were in process in the Cutting department at the beginning of May and...
QualCo manufactures a single product in two departments: Cutting
and Assembly. During May, the Cutting department completed a number
of units of a product and transferred them to Assembly. Of these
transferred units, 39,100 were in process in the Cutting department
at the beginning of May and 166,500 were started and completed in
May. May’s Cutting department beginning inventory units were 60%
complete with respect to materials and 40% complete with respect to
conversion. At the end of May, 52,900...
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 73,500 75,500 93,300 69,800 26,100 14,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 40,000 Direct materials used-Cutting 22,500 Direct materials...
Portland Tile produces ceramic tiles using two sequential production departments; Tile Forming and Tile Finishing. The company uses a weighted average process costing system. Data for the Tile Forming Department Month ended Oct 31 Information about units: Units in WIP, Oct 1 4,000 Units started during Oct. 18,000 Completed and transferred to Finishing Units in WIP, Oct 31 (80% complete) 2,000 Direct materials are added at the beginning of the forming process. Information about costs: Beginning inventory consists of $800...
1)
2)
3)
4)
5)
The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: $8,900 5,500 27,500 32,000 Materials cost, 3,000 units Conversion costs, 3,000 units, 80% completed Materials added during April, 10,000 units Conversion costs during April Goods finished during April, 11,500 units April 30 work in process, 1,500 units, 60% completed 0 All direct materials are placed in process at the beginning of the process...
Most questions answered within 3 hours.
-
Why
isn’t pentanol (CH3 CH2 CH2 CH2 CH2 OH) very soluble in
water?
asked 18 minutes ago -
In preparing its bank reconciliation for the month of April
2018, Haskins, Inc. has available the...
asked 1 hour ago -
Your job is to do the following: build a Monster class as your
base class, along...
asked 1 hour ago -
Phosgene (COCl2) reacts with ammonia
(NH3), as shown in this reaction. If 1.2 grams of
COCl2...
asked 2 hours ago -
Wefald Company sold bonds with a face value of $675,000 for
$625,000. The bonds have a...
asked 2 hours ago -
Research predefined java packages. Select 2 packages and
describe what they provide. Explain briefly what type...
asked 2 hours ago -
A fair 9-sided die is tossed. Find P(4
or at least 5). That is, find the...
asked 2 hours ago -
Part of an ANOVA table is shown below.
Source of
Variation
Sum of
Squares
Degrees
of...
asked 2 hours ago -
The activation energy for the decomposition of N2O4 is 57.2.
kJ/mol. If the rate constant for...
asked 3 hours ago -
The structure and function of a neuron
Ion channels, ion flow, and membrane potential changes...
asked 2 hours ago -
Calculate the pH of a 0.982 M solution of hydrogen sulfide (H2S)
Where: H2S (aq) ->...
asked 2 hours ago -
The table shows population statistics for the ages of Best Actor
and Best Supporting Actor winners...
asked 3 hours ago