Kingston manufacturing has the solve this question Kingston Manufacturing has the following labor costs:Factory Gross wagesFactory Net wages$390,000320,000Employer Payroll Taxes Payable 90,000The entry to record the cost of factory labor and the associated payroll taxexpense will include a debit to Factory Labor for:A. $340,000.B. $440,000.C. $370,000.D. $480,000.

Step 1: Define Manufacturing OverheadManufacturing overhead is an indirect production cost related…

Answered: Kingston Manufacturing has the…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....

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Kline Manufacturing has the following labor costs: Factory-Gross wages Factory Net wages Employer Payroll Taxes Payable O $470,000. The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for O $450,000. O $550,000. O $500,000. — $500,000 420,000 50,000
Kline Manufacturing has the following labor costs. Factory - Gross wages = $195,000 Factory - Net wages = $160,000 Employer Payroll Taxes Payable = $25,000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for what amount?
Kline Manufacturing has the following labor costs: Factory-Gross wages $500,000 Factory-Net wages 420,000 Employer Payroll Taxes Payable The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for 50,000
Sundland Company has the following labor costs: Factory-Gross wages 540000, Factory-Net wages 440000, Employer Payrol Taxes Payable 54000. The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for?
Buckhorn Company's accounting records noted the following amounts for company payroll costs. What amount of payroll would be categorized as a period cost? Payroll Costs: Marketing director salary Factory manager salary Commissions paid to sales staff Administrative personnel wages Wages of production workers Multiple Choice C $302,000 $327,000 $615,000 $376,000 $164,000 $99,000 $74,000 $64,000 $214,000
K Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers Office Rent Indirect Materials Used How much is the total product costs for the year? A. $605,000 OB. $1,155,000 OC. $550,000 OD. $1,199,500 $430,000 120,000 44,500 605,000
Jamie Hopen, CPA, prepares tax returns. The production costs and the number of tax returns prepared for the month of September are as follows: Direct materials $ 200 CPA staff salaries 4,000 Overhead 1,800 Total $6,000 Number of tax returns 300What is the unit cost per tax return? a.$20.00 b.$0.67 c.$3.33 d.$15.00
Regarding the labor costs, one company shown the following annual data per employee: Gross Annual Salary: "National social security" paid by the employee: "National social security" paid by the company: € 16,800 Income Tax: 5% Attendance 24% time: Idle time: 8% 1,750 hours 2% Page 11/13 Chapter 3: Materials & Labour. Exercises According with the data given, read the sentences below and write True (T) or False (F) in the space provided. (Inside the question, each incorrect answer cancels out each correct one) (Please show you the mathematical process done) The hourly rate is 15.86 € per hour. If the idle time was 4%, the hourly rate would be 12.8 € per hour. The total amount of annual labour cost is € 18,984. The annual productive time is 1,715 hours. The 24% "National Social Security" paid by the company is subtracted from Gross Annual Salary.
Assume RIOO 000 direct material was issued to the company. Direct labourpaid amounted to R30 000, Factory supervisor salary R4 000, Electricity forthe factory R3 000 and rent for the factory building was R20 000 . Supposethe Work - in - progress in the beginning of the year was R9 000 and at theend of the year was R6 000 . What is the value of the Finished goods that istransferred to the Sales department?A. R154 OOOB. R160 OOOC. R103 OOOD. R157 OOO
Foc
Lakeview Manufacturing has the following factory labour costs: Factory-Gross wages $284,000 Production Manager Salaries $46,000 Sales Salaries $54,000 How much should Lakeview include as Factory Labour to record these amounts? Select one: a. $284,000 b. $384,000 c. $338,000 d. $330,000
Subject: Cost management & accounting QUESTION – 13.The payroll records of the Weber Company show payments for labor of Rs. 400,000, of which Rs. 80,000 is indirect labor. Materials requisitions show Rs. 300,000 for materials used, of which Rs. 280,000 represents direct materials. Other manufacturing expenses total Rs. 124,000. Finished goods on hand at the end of the period are stated at cost, Rs. 176,000, of which Rs. 40,000 is direct materials cost. Factory overhead is allocated on the basis of direct labor cost.REQUIRED:The amount of direct labor and the amount of factory overhead in Finished Goods

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