Starr Company reports the following information for August.
Raw materials purchased on account | $ | 84,600 | |
Direct materials used in production | $ | 50,000 | |
Factory wages earned (direct labor) | $ | 15,650 | |
Overhead rate | 135 | % of direct labor cost | |
Prepare journal entries to record the following events.
Note: Enter debits before credits.
|
Record raw materials purchased on account, Record the entry to assign direct materials to jobs, record the entry to assign direct labor to jobs, record the application of overhead to work In process
Journal entry
Transaction | General Journal | Debit | Credit |
1 | Raw material | 84600 | |
Account payable | 84600 | ||
2 | Work in process | 50000 | |
Raw material | 50000 | ||
3 | Work in process | 15650 | |
Wages payable | 15650 | ||
4 | Work in process (15650*1.35) | 21127.50 | |
Manufacturing overhead | 21127.50 | ||
Starr Company reports the following information for August. Raw materials purchased on account $ 84,600 Direct...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $80, 200 $49,800 $15,800 125% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter...
Starr Company reports the following information for August. Raw materials purchased on account $76,200 Direct materials used in production $48,000 Factory wages earned (direct labor) $15,350 Overhead rate 120 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < ( 1 ) 2 3 4 Record raw materials purchased on account....
Starr Company reports the following information for August. Raw materials purchased on account $77,400 Direct materials used in production $50,600 Factory wages earned (direct labor) $20,900 Overhead rate 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. Journal entry worksheet A B C D Record raw materials purchased on account. Note: Enter debits before credits Transaction General Journal...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $83,400 $49,600 $20,450 130 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet < 1 2 3 4 Record raw materials purchased on account Note: Enter debits...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 85,800 $51,400 $18,500 135 % of direct labor cost ed Prepare journal entries to record the following events. ok at 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. nt ences
Starr Company reports the following information for August. Raw materials purchased on account $ 80,600 Direct materials used in production $ 50,200 Factory wages earned (direct labor) $ 21,050 Overhead rate 135 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead. Next Visit question map Question36of37Total36 of 37 Prev
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $81,000 $48,400 $16,400 135 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 2. Applied overhead. View transaction list Journal entry worksheet < A B C...
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $76,200 $48,000 $15,350 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead.
Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Direct labor incurred, but not yet paid Overhead rate $76,200 $48,000 $15,350 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production, but not yet paid. 4. Applied overhead.
Exercise 15-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August Raw materials purchased on account Direet materials used in production Factory wages earned direct labor) Overhead rate $89,000 $53,800 $21,050 125 of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production 3. Direct labor used in production. 4. Applied overhead. View transaction list Journal entry worksheet « А в со Record...