Homework Help is Here – Start Your Trial Now!
Business
Accounting
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

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...
See similar textbooks
icon
Related questions
Question
fill in missing t account
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
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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting for Merchandise Inventory
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS