Work in Process | |||||
Aug. 1 | Balance | 269,900 | Aug. 31 | Goods finished | 136,600 |
31 | Direct materials | X | |||
31 | Direct labor | 44,000 | |||
31 | Factory overhead | X |
Factory Overhead | |||||
Aug. 1 – 31 | Costs incurred | 99,500 | Aug. 1 | Balance | 15,800 |
31 | Applied | X |
If the balance of Work in Process on August 31 is $202,000, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs?
a.$13,200
b.$99,500
c.$136,600
d.$15,800
The amount debited to Work in Process for factory overhead would be equal to Applied factory overheads. It would be calculated by multiplying the overhead applied percentage with the labour cost (direct).
Therefore, Amount debited to WIP =
= $44,00030%
= $13,200
Hence, the correct option is 'a' i.e. $13,200.
Work in Process Aug. 1 Balance 269,900 Aug. 31 Goods finished 136,600 31 Direct materials...
Selected accounts with amounts omitted are as follows Work in Process 253,460 Aug. 31 Goods finished Balance Aug. 1 135,060 Direct materials 31 X Direct labor 31 36,900 31 Factory overhead X Factory Overhead 99,830 Aug. 1 Balance Aug. 1 31 Costs incurred 15,250 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $219,490, what was the amount debited to Work in Process for direct materials in August? a. $374,790...
Selected accounts with some amounts omitted are as follows Work in Process 254,200 Aug. 31 Goods finished 137,900 Aug. 1 31 31 31 Balance Direct materials Direct labor Factory overhead 42,800 Factory Overhead Aug. 1-31 Costs incurred 106,100 Aug. 1 Balance 16,000 31 Applied х If the balance of Work in Process on August 31 is $197,400, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct...
Selected accounts with some amounts omitted are as follows Work in Process Aug. 1 Balance 271,500 Aug. 31 Goods finished 179,600 31 Direct materials X 31 Direct labor 46,700 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 117,800 Aug. 1 Balance 16,000 31 Applied X If the balance of Work in Process at August 31 is $214,400, what was the amount debited to Work in Process for factory overhead in August,...
Selected accounts with some amounts omitted are as follows Work in Process Aug. 1 Balance 252,100 Aug. 31 Goods finished 162,800 31 Direct materials X 31 Direct labor 43,300 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 118,900 Aug. 1 Balance 14,100 31 Applied X If the balance of Work in Process on August 31 is $202,900, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate...
Selected accounts with some amounts omitted are as follows Work in Process Aug. 1 Balance 252,100 Aug. 31 Goods finished 162,800 31 Direct materials X 31 Direct labor 43,300 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 118,900 Aug. 1 Balance 14,100 31 Applied X If the balance of Work in Process on August 31 is $202,900, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate...
Selected accounts with some debits and credits omitted are presented as follows: Work in Process Aug. 1 Balance 275,000 Aug. 31 Goods finished 1,030,000 31 Direct materials X 31 Direct labor 450,000 31 Factory overhead X Factory Overhead Aug. 1-31 Costs incurred 145,000 Aug. 1 Balance 15,000 31 Applied X If the balance of Work in Process at August 31 is $220,000, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead...
Selected accounts with some amounts omitted are as follows Work in Process Aug. 275,000 31 Aug. 1 Balance Goods finished 1,030,000 31 Direct materials 31 Direct labor 450,000 31 Factory overhead Factory Overhead Aug. 1 -31 Costs incurred Aug. 145,0001 Balance 15,000 31 Applied If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor...
QUESTION 10 Selected accounts with amounts omitted are as follows Work in Process 275,000 Aug. 31 Goods finished 1,030,000 Aug. 1 Balance 31 Direct materials 31 Direct labor 31 Factory overhead 450,000 Factory Overhead Aug. 1- Costs incurred 145,000 Aug. 1 Balance 31 31 Applied (30% of direct labor cost) 15,000 If the balance of Work in Process on August 31 is $220,000, what was the amount debited to Work in Process for direct materials in August? a. $170,000 b....
10. Selected accounts with some debits and credits omitted are presented as follows: Aug. 1 31 31 31 1.030,000 Work in Process 275,000 Aug 31 Goods finished х 450,000 Balance Direct materials Direct labor Factory overhead Aug. 1-31 Costs incurred Factory Overhead 145,000 Aug. 1 15,000 31 Balance Applied A (30% of direct labor cost) If the balance of Work in Process at August 31 is $220,000, what was the amount debited to Work in Process for direct materials in...
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...