Required information [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials. Work in process Finished goods Beginning of period. $ 26,000 10,000 61,000 Cost incurred for the period. Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs End of Period $ 51,000 20,100 33,000 $ 193,000 100,000 10,000 23,000 92,000 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. repare journal entries for the above transactions for the period.
Required information [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials. Work in process Finished goods Beginning of period. $ 26,000 10,000 61,000 Cost incurred for the period. Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs End of Period $ 51,000 20,100 33,000 $ 193,000 100,000 10,000 23,000 92,000 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. repare journal entries for the above transactions for the period.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 3SEA: JOURNAL ENTRIES FOR MATERIAL, LABOR, AND OVERHEAD Hilburn Manufacturing Corporation had the...
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The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Please help answer this question. The first part is correct including the number. The 2nd part is correct but I do not know the number. Please help me find correct the number and explain how to get it thank you.
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Required information
[The following information applies to the questions displayed below.]
The following information is available for ADT Company, which produces special-order security
products and uses a job order costing system. Overhead is applied using a predetermined overhead
rate of 55% of direct labor cost.
Inventories
Raw materials
Work in process
Finished goods
Beginning of
period
$ 26,000
10,000
61,000
Cost incurred for the period.
Raw materials purchases
Factory payroll
Factory overhead (actual)
Indirect materials used
Indirect labor used
Other overhead costs
End of
Period
$ 51,000
20,100
33,000
$ 193,000
100,000
< Prev
10,000
23,000
92,000
1. Incurred other actual overhead costs (all paid in Cash).
2. Applied overhead to work in process.
repare journal entries for the above transactions for the period.
3 of 7
‒‒‒
Check m
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Transcribed Image Text:S
Required information
[The following information applies to the questions displayed below.]
The following information is available for ADT Company, which produces special-order security
products and uses a job order costing system. Overhead is applied using a predetermined overhead
rate of 55% of direct labor cost.
Inventories
Raw materials
Work in process
Finished goods
Beginning of
period
$ 26,000
10,000
61,000
Cost incurred for the period.
Raw materials purchases
Factory payroll
Factory overhead (actual)
Indirect materials used
Indirect labor used
Other overhead costs
End of
Period
$ 51,000
20,100
33,000
$ 193,000
100,000
< Prev
10,000
23,000
92,000
1. Incurred other actual overhead costs (all paid in Cash).
2. Applied overhead to work in process.
repare journal entries for the above transactions for the period.
3 of 7
‒‒‒
Check m
Next >
Transcribed Image Text:ces
Indirect labor used
Other overhead costs
1. Incurred other actual overhead costs (all paid in Cash).
2. Applied overhead to work in process.
epare journal entries for the above transactions for the period.
View transaction list View journal entry worksheet
No
A
B
Transaction
1
23,000
92,000
2
Factory overhead
Cash
Work in process inventory
Factory overhead
< Prev
General Journal
S
3
of 7
www
00
Next >
AITOTARAT
DII
Debit
92,000
F10
Credit
Work
92,000
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