Solution for the Question QUESTION: GENERAL ACCOUNTING3.8RIVERDALE AUTO SHOP TRACKS MECHANICHOURS. JOB 567 SHOWS: DIAGNOSTICS 1.5HOURS AT $75 PER HOUR, REPAIRSHOURS AT $85 PER HOUR, PARTS $240. SHOWTHE TOTAL SERVICE CHARGE.

Hello student! The total service charge includes all the costs associated with a specific job. This…

Answered: QUESTION: GENERAL ACCOUNTING 3.8…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 29CE: Unearned Sales Revenue Brand Landscaping offers a promotion where a customers lawn will be mowed 20...

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What is the journal entry to record a sale of a completed job for $10,000 with terms of n/60. Group of answer choices debit work in process for $6,000, credit cost of goods sold $10,000 debit finished goods for $10,000; credit cash for $10,000 debit sales for $10,000; credit accounts receivable for $10,000 debit accounts receivable for $10,000, credit sales for $10,000.
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Record the following journal entries for Brown Company: A (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any journal entries.) 6. Purchased raw materials on account, $8,000. Date Accounts Debit Credit 7. Used $4,000 in direct materials and 600 in indirect materials in production. Date Accounts Debit Credit 7. 000 bich 700/ Iabor 6.
a. Incurred $105,000 of direct labor in its Mixing department and $90,000 of direct labor in its Shaping department. Hint. Credit Factory Wages Payable. b. Incurred indirect labor of $23,000. Hint. Credit Factory Wages Payable. View transaction list Journal entry worksheet
Give me service charge amount.
What does the following journal entry imply to you? Factory Overhead Costs 5000 Rent expense Selling and Marketing Expenses 3000 Rent expense Prepaid Expenses 8000
Answer
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.
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Instructions: a) Enter each cost item on your answer sheet, placing an "X" mark under the appropriate headings. Direct Materials Direct Labor Manufacturing Overhead Period Costs 1 Rent on manufacturing equipment ($2,000/month) 2 Insurance on manufacturing building ($750/month) 3 Raw materials ($80/bicycle) 4 Manufacturing utilities ($1,000/month) 5 Office supplies ($800/month) 6 Wages for workers ($30/bicycle) 7 Depreciation on office equipment ($650/month) 8 Miscellaneous materials ($1.20/bicycle) 9 Property taxes on manufacturing building ($2,400/year) 10 Manufacturing supervisor's salary ($3,000/month) 11 Advertising cost (30,000/year) 12 Sales commissions ($10/bicycle) 13 Depreciation on manufacturing building ($1,500/month) b) Compute total manufacturing costs for the month…
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Need help with the following missing data. Thank You!

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QUESTION: GENERAL ACCOUNTING 3.8 RIVERDALE AUTO SHOP TRACKS MECHANIC HOURS. JOB 567 SHOWS: DIAGNOSTICS 1.5 HOURS AT $75 PER HOUR, REPAIRS HOURS AT $85 PER HOUR, PARTS $240. SHOW THE TOTAL SERVICE CHARGE.