Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

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Answer 1

Question

Chapter 18, Problem 3BE

a.

To determine

Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

b.

To determine

Prepare an example of journal entry that would cause the (b) direct labor account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

c.

To determine

Prepare an example of journal entry that would cause the (c) manufacturing overhead account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

d.

To determine

Prepare an example of journal entry that would cause the (d) finished goods inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

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Abc

The standard cost of Wonder Walkers includes 3 units of direct materials at $9.00 per unit. During July, the company buys 40,000 units of direct materials at $8.25 and uses those materials to produce 15,000 units. Compute the total, price, and quantity variances for materials.Provide answer this question

Answer 2

Question

Chapter 18, Problem 3BE

a.

To determine

Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

b.

To determine

Prepare an example of journal entry that would cause the (b) direct labor account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

c.

To determine

Prepare an example of journal entry that would cause the (c) manufacturing overhead account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

d.

To determine

Prepare an example of journal entry that would cause the (d) finished goods inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

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Answer 3

Question

Chapter 18, Problem 3BE

a.

To determine

Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

b.

To determine

Prepare an example of journal entry that would cause the (b) direct labor account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

c.

To determine

Prepare an example of journal entry that would cause the (c) manufacturing overhead account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

d.

To determine

Prepare an example of journal entry that would cause the (d) finished goods inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

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Answer 4

Question

Chapter 18, Problem 3BE

a.

To determine

Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

b.

To determine

Prepare an example of journal entry that would cause the (b) direct labor account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

c.

To determine

Prepare an example of journal entry that would cause the (c) manufacturing overhead account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

d.

To determine

Prepare an example of journal entry that would cause the (d) finished goods inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

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Answer 5

Chapter 18, Problem 3BE

a.

To determine

Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

b.

To determine

Prepare an example of journal entry that would cause the (b) direct labor account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

c.

To determine

Prepare an example of journal entry that would cause the (c) manufacturing overhead account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

d.

To determine

Prepare an example of journal entry that would cause the (d) finished goods inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Answer 6

Chapter 18, Problem 3BE

a.

To determine

Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Answer 7

Chapter 18, Problem 3BE

a.

To determine

Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Answer 8

b.

To determine

Prepare an example of journal entry that would cause the (b) direct labor account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Answer 9

b.

To determine

Prepare an example of journal entry that would cause the (b) direct labor account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Answer 10

c.

To determine

Prepare an example of journal entry that would cause the (c) manufacturing overhead account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Answer 11

c.

To determine

Prepare an example of journal entry that would cause the (c) manufacturing overhead account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Answer 12

d.

To determine

Prepare an example of journal entry that would cause the (d) finished goods inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Answer 13

d.

To determine

Prepare an example of journal entry that would cause the (d) finished goods inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 18 - Prob. 1STQ Ch. 18 - 2. Which of the following businesses would most...Ch. 18 - 3. Nut House manufactures and sells jars of peanut...Ch. 18 - 4. Indicate which of the following phrases...Ch. 18 - 5. A production cost report contains which of the...Ch. 18 - 1. Why would a company use multiple cost...Ch. 18 - 2. What factors should be taken into account in...Ch. 18 - 3. Rodeo Drive Jewelers makes custom jewelry for...Ch. 18 - 4. Describe at least two products or production...Ch. 18 - 5. What are the four significant parts of the...

Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Prepare an example of journal entry that would cause the (a) material inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Prepare an example of journal entry that would cause the (b) direct labor account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Prepare an example of journal entry that would cause the (c) manufacturing overhead account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

Prepare an example of journal entry that would cause the (d) finished goods inventory account to be (1) debited (2) credited using process costing system. Assume perpetual inventory records are maintained.

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Chapter 18 Solutions