Factory overhead
Actual overhead | 242000 | Applied overhead (363000-89000)*75% | 205500 |
Balance | 36500 | ||
Journal entry
Date | account and explanation | Debit | Credit |
Cost of goods sold | 36500 | ||
Factory overhead | 36500 | ||
(To close under applied overhead) |
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $48,000 11, 200 68,000 62,000 23,300 45,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 220,000 365,000 25,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $48,500 11,300 68,500 63,000 23,500 46,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 221,000 367,000 26,000 91,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $43,000 10,200 63,000 52,000 21,300 35,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 210,000 345,000 15,000 80,000...
The following information is available for Lock Tite Company, which produces special-order security products and uses a job order costing system April 3e May 31 $ 545. 18,600 65.0 56,eee 22,100 39,600 Inventories Raw materials Work in process Finished goods Activities and Information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 214.00 353,000 19,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $53,000 12,200 73,000 72,000 25,300 55,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 230,000 385,000 35,000 100,000 140,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 30 May 31 $ $48.000 11,200 68,000 62.000 23, 300 45,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 220,000 365,000 25,000...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor $53,000 $ 12,200 73,000 72,000 25,300 55,600 230,000 385,000 35,000 100,000 140,000 1,600,000 Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. Required information The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $40,000 9,900 64,000 32,000 20,600 35,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash)...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a la costing system April 30 May 31 $ 546,000 10,800 66,00 58,000 22,500 41,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 216,000 357,800 21,883 86,000 126,099...
The following information is available for Lock-Tite Company, which produces special order security products and uses a job order Costing system April 30 May 31 Inventor ies Raw materials Work in process Finished goods Activities and information for May Raw naterials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials. Indirect 1abor Other overhead costs Sales (received in cash) Predetersined overhead rate based on direct 1abor cost $51, 500 11, 900 69, 080 24, 788 52,...