QUESTION: GENERAL ACCOUNTING 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. 3.8
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- Solution for the QuestionRecord the following journal entries for Allen Company: (Click the icon to view the transactions.) (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) 6. Purchased raw materials on account, $5,000. Date 6. 7. Used $2,000 in direct materials and $1,000 in indirect materials in production. Accounts and Explanation Date Accounts and Explanation 7. Debit More info Credit 4 6. Purchased materials on account. $5.000. 7. Used $2,000 in direct materials and $1,000 in indirect materials in production. 8. Incurred $5,000 in labor costs, of which 80% was direct labor. XWhat 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.
- Express the total repair cost.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…Give me service charge amount.
- CostOnly typing answer Please explain step by step without table and graph thankyou.During the current month, a company that uses job order costing purchases $76,000 in raw materials for cash. It then uses $20,000 of raw materials indirectly as factory supplies and uses $45,800 of raw materials as direct materials. Prepare journal entries to record these three transactions View transaction list Journal entry worksheet < 2 3 1 Record the raw materials purchase for $76,000, paid in cash. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal
- Regirock Incorporated a manufacturer of gravel and sand, has provided the following data for the month of March. The balance in the Work in Process inventory account was $55,000 at the beginning of the month and $37,000 at the end of the month. During the month, Regirock incurred direct materials cost of $145,400 and a direct labor cost of $78,700. The actual manufacturing overhead cost incurred was $18,000. The applied manufacturing overhead cost was 75% of direct labor cost. The Work-in-Process for the period was PThe managing director of a consulting group has the accompanying monthly data on total overhead costs and professional labor hours to bill to clients. Complete parts a through c. Click the icon to view the monthly data. a. Develop a sim Overhead Costs (Round the const Monthly Overhead Costs and Billable Hours Data Overhead Costs Billable Hours $385,000 2,000 $425,000 3,000 $445,000 4,000 $496,000 5,000 $560,000 6,000 $580,000 7,000 - clude the $ symbol in your answers.)Help with this accounting questions