Entry for Issuing Materials Materials issued are as follows: Requisition No. Material Job No. Amount Aluminum 500 $85,210 503 29,110 504 3,810 Indirect 2,030 510 39,810 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. 201 202 203 204 205 Plastic Rubber Glue Steel

Entry for Issuing Materials Materials issued are as follows: Requisition No. Material Job No. Amount Aluminum 500 $85,210 503 29,110 504 3,810 Indirect 2,030 510 39,810 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. 201 202 203 204 205 Plastic Rubber Glue Steel

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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Question 2, Part 2
Please help me to solve this problem
fill in missing t account
Problem 2 The Antipolo company operates three departments. Product costs are tracked by department and assigned process costing system. Overhead is applied to production in each department at a rate of 80 percent of direct labor cost. The hereunder T-account information pertains to the department operations submitted by the cost accountant. Work in process - Stripping Dept. 1 20,000 Cost Transf. 90,000 80,000 ? Work in process - Adhesion Dept. 2 70,000 Cost Transf. 480,000 Beg. ? Beg. DM Trans. In ? DL DM 22,600 FO DL |Ending 17,000 FO ? Ending 20,600 Work in Process - Packing Dept. 3 150,00 Transf. Fgoods ? ? Finished Goods 185,000 Cost of sales 770,000 Beg. Beg. CoGmf 880,000 DM DL Fo Ending 90,000 Ending 40,000
Department Personnel Custodial Services Maintenance Printing Binding 1otat Lacor- square reet oт Number Oт маспале Uirect Labor- Hours Space Occupied Employees Hours Hours 16,700 12,200 20 8,300 3,200 47 14,300. 10,300 66 30,300 40,200 109 162,000 15,000 103,000 20,600 304 50,000 76,000 172,600 86,500 546 212,000 91,000 Budgeted overhead costs in each department for the current year are shown below: Personnel Custodial Services Maintenance Printing $340,000 65,800 93,000 414,000 Binding Total budgeted cost 165,000 $ 1,077,800 Because of its simplicity, the company has always used the direct method to allocate service department costs to the two operating departments. Required: 1. Using the step-down method, allocate the service department costs to the consuming departments. Then compute predetermined overhead rates in the two operating departments. Use machine-hours as the allocation base in the Printing Department and direct labor-hours as the allocation base in the Binding…
Entry for Issuing Materials Materials issued are as follows: Requisition No. Material Job No. Amount 201 Aluminum 500 $89,380 202 Plastic 503 25,330 203 Rubber 504 3,950 204 Glue Indirect 2,400 205 Steel 510 36,960 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. Work in Process Materials Finished Goods Factory Overhead Cash
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104-Principles of Manageme Ay courses / BUSS 104-1-20202 / MAKEUP TEST SCHEDULED st (06-05-2021 from 11:00 to 12: Noon) Which one is a Historical Cost Select one: O a. All the Above O b. Rent Factory O c. office Rent O d. Office salary 104-05-21 035 Jump to..
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