Journalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,880. b. Incurred manufacturing wages of $9,400, of which 60% was for direct labor and 40% of which was for indirect labor. c. Purchased raw materials on account, $18,570. d. Used in production: direct materials, $7,950; indirect materials $3,530. e. Recorded manufacturing overhead: depreciation on plant, $14,680; plant insurance (previously paid), $1,310; plant property tax, $3,620 (credit Property Tax Payable).
Journalize the following transactions for Becah's Bakery: Becah's Bakery a. Incurred and paid Website expenses, $2,880. b. Incurred manufacturing wages of $9,400, of which 60% was for direct labor and 40% of which was for indirect labor. c. Purchased raw materials on account, $18,570. d. Used in production: direct materials, $7,950; indirect materials $3,530. e. Recorded manufacturing overhead: depreciation on plant, $14,680; plant insurance (previously paid), $1,310; plant property tax, $3,620 (credit Property Tax Payable).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Journalize the following transactions for Becah's Bakery:
Becah's Bakery
Manufacturing Overhead
Becah's Bakery
a. Incurred and paid Website expenses, $2,880. |
---|
b. Incurred manufacturing wages of $9,400, of which 60% was for direct labor and 40% of which was for indirect labor. |
c. Purchased raw materials on account, $18,570. |
d. Used in production: direct materials, $7,950; indirect materials $3,530. |
e. Recorded manufacturing |
f. Allocated manufacturing overhead to jobs, 230% of direct labor costs. |
g. Completed production on |
h. Sold inventory on account, $25,950; cost of goods sold, $12,530. |
i. Adjusted for overallocated or underallocated overhead. |
Journal
Date | Description | Debit | Credit |
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b. | |||
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e. | |||
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f. | |||
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g. | |||
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h. | |||
h. | |||
h. | |||
h. | |||
i. | |||
i. |
Manufacturing Overhead
Debit | Credit |
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Double line | Double line |
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