7. The following data on XYZ Corp workers idle time are as follows:Normal Idle TimeAbnormal Idle TimeWage Rate per hourHans, Factory supervisor 6Cielo, Factory laborerHeinthji, Factory laborer 82400822502250Required: Prepare the journal entry to record the idle time of the three workers.A feuph.instructure.com

The question is based on the concept of Cost Accounting.

Answered: 7. The following data on XYZ Corp…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What is the answer in mumber 11?~
Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows:Job 201 $6,240Job 202 7,000Job 203 5,210Job 204 6,750Factory supervision 4,000Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $18 per direct labor hour. The direct labor rate is $40 per hour.a. Journalize the entry to record the factory labor costs.b. Journalize the entry to apply factory overhead to production for November.
not use ai please
Entry for Factory Labor Costs A summary of the time tickets for the current month follows: Job No. Amount 100 $2,080 101 1,730 104 3,160 108 3,560 Indirect labor 11,090 111 2,170 115 1,420 117 9,650 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.
Use the information given below to calculate the labour cost to Yolo Enterprises in respect of T. Henry for the week ended 27 March 2021. 1.2 INFORMATION Yolo Enterprises submitted the following information for the week ended 27 March 2021 in respect of an employee, T. Henry, who is employed at one of its projects: Hours worked Sunday Monday to Friday Saturday 47 5 Additional information : The normal working week is Monday to Friday and comprises 45 hours. : The normal wage rate is R180 per hour. : Overtime during the normal working week and on Saturdays is remunerated at time-and-a-half of the normal rate. : Overtime on Sundays is remunerated at twice the normal rate. : The following deductions are applicable to T. Henry: Income tax 20% of taxable income Pension 8% of normal pay Medical R400 per week aid | Yolo Enterprises contributes on a Rand-for-Rand basis to the pension fund and medical aid fund.
Journalize the following labor-related transactions for Glamorous Glass Co. at its plant in Portland, Oregon. Assume that the labor has been incurred, but not yet paid. Plant janitor's wages Plant furnace operator's wages Glass blower's wages $ 610 880 76,000 Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single compound journal entry) Credit Date Accounts and Explanation Debit
please explain in steps, thanks
Pls help me answer the REQUIRED #4, 5, and 6.
XYZ Company has the following balances for the current month: Direct materials used OMR 24,00O Direct labor OMR 36,800 Sales salaries OMR 19,200 Indirect labor OMR 4,800 Production manager's salary OMR 9,600 Marketing costs OMR 6,400 Factory lease OMR 14,400 What is total manufacturing overhead? a. None of the given answer. b. OMR 20,800 С. OMR 25,600 d. OMR 28,800 е. OMR 35,200
The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $ 59,050 Direct materials 335,000 Direct labor 494,700 Factory overhead 226,200 Jobs finished during August are summarized as follows: Job 210 $178,300 Job 216 232,250 Job 224 149,500 Job 230 328,250 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 cost of the unfinished jobs at August 31.
Show the solution in excel Required: - Schedule of labor hours and schedule of labor costs (Factory payroll distribution sheet)
The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Process Job 301 Job 302 Job 303 Improvement Tom Couro 9 14 12 1 David Clancy 12 10 13 3 Jose Cano 13 15 17 3 The direct labor rate earned per hour by the three employees is as follows: Tom Couro $30 David Clancy 36 Jose Cano 26 The process improvement category includes training, quality improvement, and other indirect tasks. Required: a. Journalize the entry on July 15 to record the factory labor costs for the week. Refer to the chart of accounts for the exact wording of the account titles. b. Assume that Jobs 301 and 302 were completed but not sold during the week and that Job 303 remained incomplete at the end of the week. How would the direct labor costs for all three jobs be reflected on the financial statements at the end of the week?

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