Homework Answers
| 1 | Jobs finished | ||
| Job 210 | 198000 | ||
| Job 216 | 224150 | ||
| Job 224 | 149600 | ||
| Job 230 | 353800 | ||
| Total | 925550 | ||
| Journal entry | |||
| 31-Aug | Finished goods inventory | 925550 | |
| Work in progress inventory | 925550 | ||
| 2 | Balance August 1 | 58750 | |
| Direct material | 319000 | ||
| Direct labor | 505750 | ||
| Factory overheads | 212250 | ||
| Transferred to finished goods inventory | -925550 | ||
| Balance august 31 | 170200 | ||
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Work in Process Balance, August 1 Direct materials Direct labor Factory overhead $58,750 319,000 505,750 212,250...
The following account appears in the ledger prior to recognizing the jobs completed in August: Work...
The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $ 60,000 Direct materials 325,000 Direct labor 462,000 Factory overhead 210,000 Jobs finished during August are summarized as follows: Job 210 $197,800 Job 216 240,000 Job 224 160,000 Job 230 364,000 Required: A. Journalize the entry on Aug. 31 to record the jobs completed. Refer to the Chart of Accounts for exact wording of account titles. B. Determine the...
The following account appears in the ledger prior to recognizing the jobs completed in August: Work...
The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $ 63,300 Direct materials 349,700 Direct labor 457,400 Factory overhead 226,700 Jobs finished during August are summarized as follows: Job 210 $182,500 Job 216 238,250 Job 224 157,300 Job 230 349,550 Required: a. Journalize the entry on Aug. 31 to record the jobs completed. Refer to the Chart of Accounts for exact wording of account titles. b. Determine the...
The following account appears in the ledger prior to recognizing the jobs completed in January: Work...
The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $10,510 Direct materials 85,450 Direct labor 92,170 Factory overhead 48,450 Jobs finished during January are summarized as follows: Job 210 $42,580 Job 224 $49,680 Job 216 26,020 Job 230 89,900 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank. b. Determine the cost of the...
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior...
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 Direct materials $9,240 75,120 81,030 Direct labor Factory overhead 42,600 Jobs finished during January are summarized as follows: $37,440 22,880 Job 210 Job 216 Job 224 Job 230 43,680 76,960 a. Journalize the entry to record the jobs completed. b. Determine the cost of the unfinished jobs at January 31.
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior...
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process $85,800 Balance, January 1 Direct materials Direct labor 115,000 140,000 296,200 Factory overhead Jobs finished during January are summarized as follows: Job 210 $182,500 Job 216 78,300 Job 224 Job 230 $232,190 67,250 ) a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it...
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior...
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $9,420 Direct materials 76,580 Direct labor 82,610 Factory overhead 43,430 Jobs finished during January are summarized as follows: Job 210 $38,170 Job 224 $44,530 Job 216 23,320 Job 230 86,940 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank....
Entry for Jobs Completed; Cost of Unfinished Jobs 10 The following account appears in the ledger...
Entry for Jobs Completed; Cost of Unfinished Jobs 10 The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $13,900 Direct materials 113,010 Direct labor 121,900 Factory overhead 64,080 Jobs finished during January are summarized as follows: Job 210 $56,320 Job 224 $65,710 Job 216 34,420 Job 230 128,280 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it...
Pow X ID Top 10 Benefit X Negative Effect x V Uso social med X Which...
Pow X ID Top 10 Benefit X Negative Effect x V Uso social med X Which Social x 2 Cenga, now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=fa Calculator Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $15,710 127,720 Direct materials Direct labor 137,780 Factory overhead 72,420 Jobs finished during August are summarized as follows: Job 210 Job 216 Job 224 Job 230 $63,650 38,900 74,260...
During August, Leming Inc. worked on two jobs. Data relating to these two jobs follow: Job...
During August, Leming Inc. worked on two jobs. Data relating to these two jobs follow: Job 64 Job 65 Units in each order 50 80 Units sold 50 -- Materials requisitioned $3,560 $785 Direct labor hours 410 583 Direct labor cost $6,720 $9,328 Overhead is assigned on the basis of direct labor hours at a rate of $11. During August, Job 64 was completed and transferred to Finished Goods. Job 65 was the only unfinished job at the end of...
Almerinda Company estimates that total factory overhead costs will be $2,124,000 for the year. Direct labor...
Almerinda Company estimates that total factory overhead costs will be $2,124,000 for the year. Direct labor hours are estimated to be 531,000. Required: A. For Almerinda Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. B. During April, Almerinda Company accumulated 18,400 hours of direct labor costs on Job 50 and 23,200 hours on Job 51. Determine the amount of factory overhead applied to Jobs 50 and 51 in April. C. Prepare the journal...
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 Direct materials $9,240 75,120 81,030 Direct labor Factory overhead 42,600 Jobs finished during January are summarized as follows: $37,440 22,880 Job 210 Job 216 Job 224 Job 230 43,680 76,960 a. Journalize the entry to record the jobs completed. b. Determine the cost of the unfinished jobs at January 31.
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process $85,800 Balance, January 1 Direct materials Direct labor 115,000 140,000 296,200 Factory overhead Jobs finished during January are summarized as follows: Job 210 $182,500 Job 216 78,300 Job 224 Job 230 $232,190 67,250 ) a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it...
Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $9,420 Direct materials 76,580 Direct labor 82,610 Factory overhead 43,430 Jobs finished during January are summarized as follows: Job 210 $38,170 Job 224 $44,530 Job 216 23,320 Job 230 86,940 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank....
Entry for Jobs Completed; Cost of Unfinished Jobs 10 The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $13,900 Direct materials 113,010 Direct labor 121,900 Factory overhead 64,080 Jobs finished during January are summarized as follows: Job 210 $56,320 Job 224 $65,710 Job 216 34,420 Job 230 128,280 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it...
Pow X ID Top 10 Benefit X Negative Effect x V Uso social med X Which Social x 2 Cenga, now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=fa Calculator Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $15,710 127,720 Direct materials Direct labor 137,780 Factory overhead 72,420 Jobs finished during August are summarized as follows: Job 210 Job 216 Job 224 Job 230 $63,650 38,900 74,260...
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