1) How much total cash will be paid to employees for the last week of November? 2) How much is Work in Process-Direct Labor? 3) How much will be charged to Factory Overhead Control in recording all employer contribution? An analysis of the job time tickets and payroll records showed:Thurs8No. Job No.001 Supervisor002 701702003Tues87WedFriSatMon88886621747017028488850047024470386278600570347370425006704476444705704240078434470556Previous earnings in June (November 1- 24)No.001 19,210.0000200300400500600716,204.0012,814.0012,706.0012,528.0016,102.0014,538.00TC NN Company operates on a 6-day week, with time and one-quarter for all hours over eightduring the regular days. The time cards for the week ending November 30 showed:Wed88No.Fri8Name001 JakeTibsRamonTeddyArtReneAgaMon8TuesThurs88Sat8Rate/hrP120808002867400388870004888984707080800058880069840078844

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NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the regular days. The time cards for the week ending November 30 showed: Wed 8 8 Fri No. Name 001 |Jake 002 Tues Mon 8 8 Thurs 8 Sat 8 Rate/hr P120 80 Tibs 8 7 4 003 Ramon 8 8 8 8 8 4 70 70 70 80 80 004 Teddy 8 005 Art 8 9. 006 007 Rene Aga 8 8 8 4 8 4

NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the regular days. The time cards for the week ending November 30 showed: Wed 8 8 Fri No. Name 001 |Jake 002 Tues Mon 8 8 Thurs 8 Sat 8 Rate/hr P120 80 Tibs 8 7 4 003 Ramon 8 8 8 8 8 4 70 70 70 80 80 004 Teddy 8 005 Art 8 9. 006 007 Rene Aga 8 8 8 4 8 4

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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C4Q5 Need help Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following: a. The total amount of materials requisitioned into work-in-process during December b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simultaneously) c. The total amount of manufacturing overhead recorded in work-in-process during December d. Ending balance in work-in-process, December 31 e. Cost of goods sold for December before adjustments for under- or overallocated manufacturing overhead 3. Prepare closing journal entries related to manufacturing overhead. Assume that all under- or overallocated manufacturing overhead is closed directly to Cost of Goods Sold.
What is the journal entry to record the labor costs incurred during the year?
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1) How much total cash will be paid to employees for the last week of November? 2) How much is Work in Process-Direct Labor? 3) How much will be charged to Factory Overhead Control in recording all employer contribution?
Show the solution in excel Required: - Schedule of labor hours and schedule of labor costs (Factory payroll distribution sheet)
4.
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Which one of the following has no impact on the expected productive hours of an employee? Select one: A. Vacation leave B. Weekends C. Public holidays D. Overtime
Which one of the following has no impact on the expected productive hours of an employee? A. Vacation leave B. Weekends C. Public Holidays D. Overtime