A B M R 3. Jan. 11: Purchased leather materials for bags on account for $76,000 4. Raw Materials Accounts payable $ 76,000 6. $ 76,000 7. 10 Jan 14: Issued materials (S43,500) to production which included leather materials ($40,000) to specific jobs and bag cleaning materials ($3,500) to general production. 11 Work in Progress 43,500 12 Raw materials Manufacturing Overhead 13 $ 40,000 $ 3,500 3,500 14 15 16 17 Jan 21: Payroll costs were incurred as follows: $18,000 for stitching assembly workers, $9,000 for factory supervisors, $15,000 for salespersons. 18 Work in Progress S 18,000 19 Manufacturing Overhead 9,000 Selling expense Salaries payable 20 $ 15,000 21 ###### 22 23 24 Jan 31: Recorded depreciation: $1,200 for production building and $1,800 for office building. 25 Manufacturing Overhead $ 1,200 26 Depreciation Expense 1,800 Accumulated depreciation 27 3,000 28 29 30 31 Jan 31: Applied manufacturing overhead at a rate of 25% of direct material cost used in production. 32 33 34 35 36 37 38 What is the a mount of overapplied or underapplied manufacturing overhead related to the above transactions? 39 Select one 40 41 42 43 Key 1a 1b Ready 曲 KBEGIVEINCINI ERINI RC DELIWN MEHHHESPEVIEP DIUWY PTH Priva When finished, make sure to click Submit. Optionally, click Save as Draft to save changes and continue working later, or click Cancel to qu Tern
A B M R 3. Jan. 11: Purchased leather materials for bags on account for $76,000 4. Raw Materials Accounts payable $ 76,000 6. $ 76,000 7. 10 Jan 14: Issued materials (S43,500) to production which included leather materials ($40,000) to specific jobs and bag cleaning materials ($3,500) to general production. 11 Work in Progress 43,500 12 Raw materials Manufacturing Overhead 13 $ 40,000 $ 3,500 3,500 14 15 16 17 Jan 21: Payroll costs were incurred as follows: $18,000 for stitching assembly workers, $9,000 for factory supervisors, $15,000 for salespersons. 18 Work in Progress S 18,000 19 Manufacturing Overhead 9,000 Selling expense Salaries payable 20 $ 15,000 21 ###### 22 23 24 Jan 31: Recorded depreciation: $1,200 for production building and $1,800 for office building. 25 Manufacturing Overhead $ 1,200 26 Depreciation Expense 1,800 Accumulated depreciation 27 3,000 28 29 30 31 Jan 31: Applied manufacturing overhead at a rate of 25% of direct material cost used in production. 32 33 34 35 36 37 38 What is the a mount of overapplied or underapplied manufacturing overhead related to the above transactions? 39 Select one 40 41 42 43 Key 1a 1b Ready 曲 KBEGIVEINCINI ERINI RC DELIWN MEHHHESPEVIEP DIUWY PTH Priva When finished, make sure to click Submit. Optionally, click Save as Draft to save changes and continue working later, or click Cancel to qu Tern
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
fill in missing t account
Transcribed Image Text:A
B
M
R
3.
Jan. 11: Purchased leather materials for bags on account for $76,000
4.
Raw Materials
Accounts payable
$ 76,000
6.
$ 76,000
7.
10
Jan 14: Issued materials (S43,500) to production which included leather materials ($40,000) to specific jobs and bag cleaning materials ($3,500) to general production.
11
Work in Progress
43,500
12
Raw materials
Manufacturing Overhead
13
$ 40,000
$ 3,500
3,500
14
15
16
17
Jan 21: Payroll costs were incurred as follows: $18,000 for stitching assembly workers, $9,000 for factory supervisors, $15,000 for salespersons.
18
Work in Progress
S 18,000
19
Manufacturing Overhead
9,000
Selling expense
Salaries payable
20
$ 15,000
21
######
22
23
24
Jan 31: Recorded depreciation: $1,200 for production building and $1,800 for office building.
25
Manufacturing Overhead
$ 1,200
26
Depreciation Expense
1,800
Accumulated depreciation
27
3,000
28
29
30
31
Jan 31: Applied manufacturing overhead at a rate of 25% of direct material cost used in production.
32
33
34
35
36
37
38
What is the a mount of overapplied or underapplied manufacturing overhead related to the above transactions?
39
Select one
40
41
42
43
Key
1a
1b
Ready
曲
KBEGIVEINCINI ERINI RC
DELIWN MEHHHESPEVIEP
DIUWY PTH
Priva
When finished, make sure to click Submit.
Optionally, click Save as Draft to save changes and continue working later, or click Cancel to qu
Tern
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