SavedWhat journal entry would be made to record the application of $1.200 of manufacturing overhead to a job?Multiple Choice1,200Cost of Goods ManufacturedWork in Process1,200Manufacturing OverheadWork in Process1,2001,200Cost of Goods Manufactured1,200Manufacturing Overhead1,2001,200Cost of Goods ManufacturedWork in Process1,200Work in Process)1,200Manufacturing Overhead1,200

Manufacturing Overhead: Manufacturing overhead can be defined as all the costs incurred in…

Vhat Journal entry would be made to record the application of $1,200 of manufacturing overhead to a Multiple Choice Work in Process 1,200 Cost of Goods Manufactured 1,200 Manufacturing Overhead 1,200 Work in Process 1,200 Cost of Goods Manufactured Manufacturing Overhead 1,200 1,200 Cost of Goods Manufactured 1,200 Work in Process 1,200 Work in Process 1,200 Manufacturing Overhead 1.200

Vhat Journal entry would be made to record the application of $1,200 of manufacturing overhead to a Multiple Choice Work in Process 1,200 Cost of Goods Manufactured 1,200 Manufacturing Overhead 1,200 Work in Process 1,200 Cost of Goods Manufactured Manufacturing Overhead 1,200 1,200 Cost of Goods Manufactured 1,200 Work in Process 1,200 Work in Process 1,200 Manufacturing Overhead 1.200

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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ps//camdenccinstructure.com/courses/3788/assignmen LU Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Cost Driver Activity Cost Pool Ordering and Receiving Orders Est. Overhead $ 130000 Machine Setup Setups 306000 Machining Machine hours 1537500 Assembly Parts 1220000 Inspection 310000 Inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is O $35.04. O $12.20. O $9.89. O $15.38. ip
ple predetermined overhead rates The job cost sheet records which of the following. costs? (check all that apply) 03:10 20:38 Actual direct material Estimated direct material Actual direct labor Estimated direct labor Actual overhead Estimated overhead SUBMIT 10 + > CC " F
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C-Cubed's accountant calculated the applied manufacturing overhead for two jobs: $130 for Mountain Biker Job and $120 for Road Racer Job. The actual manufacturing overhead was $140 for Mountain Biker Job and $80 for Road Racer Job. Write the journal entry where the overapplied or underapplied overhead is closed to the Cost of Goods Sold. Multiple Choice Manufacturing Overhead Cost of Goods Sold 30 30 Cost of Goods Sold 220 Manufacturing Overhead 220 Cost of Goods Sold 30 Manufacturing Overhead 30 Manufacturing Overhead Cost of Goods Sold 220 220
Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Compute the overhead rate for each activity. Round your answers to two decimal places. Overhead Overhead Annual Rate per Activity per Activity Usage Activity Machine Setups $157,850 4,100 $ Machine Hours 324,622 14,114 2$ Inspections 119,000 3,400
Multiple choice
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory Debit Credit Beginning WIP 4,500 Direct materials 47,100 Direct labor 29,600 Applied overhead 15,800 To finished goods ? Ending WIP 8,900 The cost of jobs transferred to finished goods is:
Prepare the journal entry for (a) materials and (b) labor, based on the following: Raw materials issued: $850 for Job 609 $300 for general use in the factory Labor time tickets: $900 for Job 609 $325 for supervision
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Coat-All Paint Company used a predetermined overhead allocation rate to allocate $85,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs to the Coloring Department is Process costing is used. OA. debit Manufacturing Overhead, $50,000; credit Work - in - Process Inventory-Mixing, $50,000 OB. debit Work - in – Process Inventory-Coloring, $85,000; credit Manufacturing Overhead, $85,000 OC. debit Manufacturing Overhead, $85,000; credit Work - in - Process Inventory-Mixing, Ss85,000 D. debit Work- in-Process Inventory-Coloring. $50,000; credit Manufacturing Overhead, $50,000
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