Retained Earnings | ||
Transaction | Yes | No |
a. | √ | |
b. | √ | |
c. | -45000 | |
d. | -21000 | |
e. | 450000 | |
f. | √ | |
g. | √ | |
h. | √ | |
i. | √ | |
j. | -220000 | |
k. | √ |
Working:
d. $60000 x 35% = $21000
Dixon Company is a manufacturer that completed numerous transactions during the month, some of which are...
Dixon Company is a manufacturer that completed numerous transactions during the month, some of which are shown below: a. Raw materials purchased on account. $100.000. b. Raw materials used in production, $78,000 direct materials, and $16,000 indirect materials. c. Sales commissions paid in cash, $45,000. d. Depreciation was recorded for the month, $60,000 (65% related to factory equipment, and the remainder related to selling and administrative equipment). e. Sales for the month, $450,000 (70% cash sales and the remainder were...
Dixon Company is a manufacturer that completed numerous transactions during the month, some of which are shown below: a. Raw materials purchased on account, $100,000. b. Raw materials used in production, $78,000 direct materials, and $16,000 indirect materials. C. Sales commissions paid in cash, $45,000 d. Depreciation was recorded for the month, $60,000 (65% related to factory equipment, and the remainder related to selling and administrative equipment). e. Sales for the month, $450,000 (70% cash sales and the remainder were...
A company is a manufacturer that completed numerous transactions during the month, some of which are shown below: a. Manufacturing overhead costs incurred on account, $80,000. b. Depreciation was recorded for the month, $35,000 (80% related to factory equipment, and the remainder related to selling and administrative equipment). c. Prepaid insurance expired during the month, $2,500 (75% related to production, and 25% related to selling and administration). d. Applied $116,000 of manufacturing overhead to production during the month. e. Closed...
A company is a manufacturer that completed numerous transactions during the month, some of which are shown below: a. Manufacturing overhead costs incurred on account, $80,000. b. Depreciation was recorded for the month, $35,000 (80% related to factory equipment, and the remainder related to selling and administrative equipment). c. Prepaid insurance expired during the month, $2,500 (75% related to production, and 25% related to selling and administration). d. Applied $117,000 of manufacturing overhead to production during the month. e. Closed...
Savod A company is a manufacturer that completed numerous transactions during the month, some of which are shown below Help a. Manufacturing overhead costs incurred on account, $80,000. b. Depreciation was recorded for the month $35.000 (80% related to factory equipment, and the remainder related to seling administrative equipment). c. Prepaid insurance expired during the month $2,500 (75% related to production, and 25% related to selling and administra d. Applied $119,000 of manufacturing overhead to production during the month. e....
Help Save & EXH A company is a manufacturer that completed numerous transactions during the month, some of which are shown below: a. Manufacturing overhead costs incurred on account, $80,000. b. Depreciation was recorded for the month, $35,000 (80% related to factory equipment, and the remainder related to selling and administrative equipment). c. Prepaid insurance expired during the month, $2,500 (75% related to production, and 25% related to selling and administration). d. Applied $117,000 of manufacturing overhead to production during...
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Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69,000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials. c Total labor wages of $113,500 were paid in cash Of this amount, $100,100 was for direct labor and the remainder was for indirect d. Depreciation of $194,000 was incurred on factory equipment. labor...
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