Total factory labor costs related to factory workers for Sheridan Company during the month of January are $82,800. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributable to indirect labor. (a) (b) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the January 31 entry to record the factory labor costs for the month of January. Prepare the January 31 entry to assign factory labor to production. No. Date (a) (b) Jan. 31 Jan. 31 Account Titles and Explanation Factory Labor Factory Wages Payable Work in Process Inventory Manufacturing Overhead Factory Labor Debit 66240.00 16560.00 Credit BODO 66240.00 16560.00

Total factory labor costs related to factory workers for Sheridan Company during the month of January are $82,800. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributable to indirect labor. (a) (b) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the January 31 entry to record the factory labor costs for the month of January. Prepare the January 31 entry to assign factory labor to production. No. Date (a) (b) Jan. 31 Jan. 31 Account Titles and Explanation Factory Labor Factory Wages Payable Work in Process Inventory Manufacturing Overhead Factory Labor Debit 66240.00 16560.00 Credit BODO 66240.00 16560.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $52,900 and at the end of the month was $43,300. The cost of goods manufactured for the month was $259,000. The actual manufacturing overhead cost incurred was $154,800 and the manufacturing overhead cost applied to Work in Process was $143,000. The adjusted cost of goods sold that would appear on the income statement for July is: $280,400 S249,400 S268,600 $256,800
provide it please
please explain in steps, thanks
The following information relates to the manufacturing operations of Delicious Co. during the month of January. The company uses job order costing. Please do the following journal entries.
Provide the journal entry of each transactions.
Time tickets indicated 8,000 labor hours in the production of Job .115, out of which 1,000 were indirect labor hours. The company pays $10 per each labor hour. The entry to record this transaction is: * A debit to Work in Process Inventory $70,000 and a credit to Factory Labor $70,000 A debit to Work in Process Inventory $90,000, a credit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 A debit to Work in Process Inventory $70,000, a debit to manufacturing overhead $10,000, and a credit to Factory Labor $80,000 None of the above
Subject :- Accounting
Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance.
2
don't give answer in image format
Please help me with show all calculation thanku
A company's Factory Overhead account shows total debits of $675,000 and total credits of $698,700 at the end of the year. 1. Compute the under- or overapplied overhead. 2. Prepare the journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the under- or overapplied overhead. Total actual overhead cost Total applied overhead cost