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PROBLEM Prepare journal entries to recond the following production for a company using a job order...
Present entries to record the following summarized operations related to production for a company using a...
Present entries to record the following summarized operations related to production for a company using a job order cost system: (a) Materials purchased on account $176,000 (b) Prepaid expenses incurred on account 12,200 (c) Materials requisitioned: For production orders 153,700 For general factory use 2,700 (d) Factory labor used: On production orders 141,300 For general factory purposes 12,000 (e) Depreciation on factory equipment 37,000 (f) Expiration of prepaid expenses, chargeable to factory 6,100 (g) Factory overhead costs incurred on account...
Journalize the entries to record the following summarized operations related to production for a company using...
Journalize the entries to record the following summarized operations related to production for a company using a job order cost system: a. Materials purchased on account $176,000 12,200 b. C. Prepaid expenses incurred on account Materials requisitioned: For production orders For general factory use Factory labor used: On production orders 153,700 2,700 d. For general factory purposes 141,300 12,000 37,000 6,100 76,000 e. f. g. h. i. j. Depreciation on factory equipment Expiration of prepaid expenses, chargeable to factory Factory...
Journalize the entries to record the following summarized operations related to production for a company using...
Journalize the entries to record the following summarized operations related to production for a company using a job order cost system: a. $176,000 12,200 C. 153,700 2,700 Materials purchased on account b. Prepaid expenses incurred on account Materials requisitioned: For production orders For general factory use d. Factory labor used: On production orders For general factory purposes Depreciation on factory equipment Expiration of prepaid expenses, chargeable to factory 9. Factory overhead costs incurred on account Factory overhead applied, based on...
Problem - Journal Entries for a Manufacturer (24 points) Prepare journal entries to record the following...
Problem - Journal Entries for a Manufacturer (24 points) Prepare journal entries to record the following summarized operations related to production for a company using a job order cost system. Omit explanations. a. Materials purchased on account $ 167,000 b. Materials requisitioned: For production orders 153,700 For general factory use 2,700 c. Factory labor used: On production orders 141,300 For general factory purposes 12,000 d. Factory overhead costs incurred: Depreciation of factory equipment 67,000 Utilities paid in cash 100,000 e....
Prevent entries to record the following tumanized operations related to production for a company using a...
Prevent entries to record the following tumanized operations related to production for a company using a job order cost system: $176,000 12,200 153,700 2.700 (a) Mate purchased on account ) Prepaid expenses incurred on account Mens requisitioned For production orders For general factory d Factory labore On potion orders For generatory (e) Depreciation on factory comment Expiration of bread expenses, chargeable to factory o Factory overhad costs incurred on account actory overhead polied based on machine hous hed shoto Selling...
Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order...
Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: Materials purchased on account, $599,490. Materials requisitioned, $503,570, of which $65,460 was for general factory use. Factory labor used, $617,470, of which $117,320 was indirect. Other costs incurred on account for factory overhead, $143,880; selling expenses, $221,810; and administrative expenses, $131,890. Prepaid expenses expired for factory overhead were $27,580; for selling...
Entries for Costs in a Job Order Cost System Journalize the entries to record the summarized...
Entries for Costs in a Job Order Cost System Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: Materials purchased on account, $770,000. Materials requisitioned, $680,000, of which $75,800 was for general factory use. Factory labor used, $756,000, of which $182,000 was indirect. Other costs...
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $770,000. b. Materials requis...
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $770,000. b. Materials requisitioned, $680,000, of which $75,800 was for general factory use. c. Factory labor used, $756,000, of which $182,000 was indirect d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for...
Entries for Costs in a Job Order Cost System Munson Co. uses a job order cost...
Entries for Costs in a Job Order Cost System Munson Co. uses a job order cost system. The following data summarize the operations related to production for July: Materials purchased on account, $803,700 Materials requisitioned, $675,110, of which $87,760 was for general factory use Factory labor used, $827,810, of which $157,280 was indirect Other costs incurred on account for factory overhead, $192,890; selling expenses, $297,370; and administrative expenses, $176,810 Prepaid expenses expired for factory overhead, $36,970; for selling expenses, $31,340;...
Entries for Costs in a Job Order Cost System Munson Co. uses a job order cost...
Entries for Costs in a Job Order Cost System Munson Co. uses a job order cost system. The following data summarize the operations related to production for July: Materials purchased on account, $619,830 Materials requisitioned, $520,660, of which $67,690 was for general factory use Factory labor used, $638,420, of which $121,300 was indirect Other costs incurred on account for factory overhead, $148,760; selling expenses, $229,340; and administrative expenses, $136,360 Prepaid expenses expired for factory overhead, $28,510; for selling expenses, $24,170;...
Journalize the entries to record the following summarized operations related to production for a company using a job order cost system: a. Materials purchased on account $176,000 12,200 b. C. Prepaid expenses incurred on account Materials requisitioned: For production orders For general factory use Factory labor used: On production orders 153,700 2,700 d. For general factory purposes 141,300 12,000 37,000 6,100 76,000 e. f. g. h. i. j. Depreciation on factory equipment Expiration of prepaid expenses, chargeable to factory Factory...
Journalize the entries to record the following summarized operations related to production for a company using a job order cost system: a. $176,000 12,200 C. 153,700 2,700 Materials purchased on account b. Prepaid expenses incurred on account Materials requisitioned: For production orders For general factory use d. Factory labor used: On production orders For general factory purposes Depreciation on factory equipment Expiration of prepaid expenses, chargeable to factory 9. Factory overhead costs incurred on account Factory overhead applied, based on...
Problem - Journal Entries for a Manufacturer (24 points) Prepare journal entries to record the following summarized operations related to production for a company using a job order cost system. Omit explanations. a. Materials purchased on account $ 167,000 b. Materials requisitioned: For production orders 153,700 For general factory use 2,700 c. Factory labor used: On production orders 141,300 For general factory purposes 12,000 d. Factory overhead costs incurred: Depreciation of factory equipment 67,000 Utilities paid in cash 100,000 e....
Prevent entries to record the following tumanized operations related to production for a company using a job order cost system: $176,000 12,200 153,700 2.700 (a) Mate purchased on account ) Prepaid expenses incurred on account Mens requisitioned For production orders For general factory d Factory labore On potion orders For generatory (e) Depreciation on factory comment Expiration of bread expenses, chargeable to factory o Factory overhad costs incurred on account actory overhead polied based on machine hous hed shoto Selling...
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $770,000. b. Materials requisitioned, $680,000, of which $75,800 was for general factory use. c. Factory labor used, $756,000, of which $182,000 was indirect d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for...
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