the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

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Answer 1

Question

Chapter 19, Problem 19.4CP

(1)

To determine

To explain: the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

(2)

To determine

To explain: the reason as to why J has to accept if they were administrative costs.

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Todd Lay just began working as a cost accountant for Enteron Industries Inc., which manufactures gift items. Todd is preparing to record summary journal entries for the month. Todd begins by recording the factory wages as follows:Wages Expense 60,000 Wages Payable 60,000Then the factory depreciation:Depreciation Expense—Factory Machinery 20,000 Accumulated Depreciation—Factory Machinery 20,000Todd’s supervisor, Jeff Fastow, walks by and notices the entries. The following conversation takes place:Jeff: That’s a very unusual way to record our factory wages and depreciation for the month.Todd: What do you mean? This is the way I was taught in school to record wages and depreciation. You know, debit an expense and credit Cash or payables or, in the case of depreciation, credit Accumulated Depreciation.Jeff: Well, it’s not the credits I’m concerned about. It’s the debits—I don’t…

Please help me with show all calculation thanku

Current Attempt in Progress Your answer is partially correct. In January, Sunland Tool & Die requisitions raw materials for production as follows: Job 1 $930, Job 2 $1,200, Job 3 $720, and general factory use $610. Prepare a summary journal entry to record raw materials used. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answer 2

Question

Chapter 19, Problem 19.4CP

(1)

To determine

To explain: the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

(2)

To determine

To explain: the reason as to why J has to accept if they were administrative costs.

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Answer 3

Question

Chapter 19, Problem 19.4CP

(1)

To determine

To explain: the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

(2)

To determine

To explain: the reason as to why J has to accept if they were administrative costs.

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Answer 4

Question

Chapter 19, Problem 19.4CP

(1)

To determine

To explain: the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

(2)

To determine

To explain: the reason as to why J has to accept if they were administrative costs.

Expert Solution & Answer

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Answer 5

Chapter 19, Problem 19.4CP

(1)

To determine

To explain: the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

(2)

To determine

To explain: the reason as to why J has to accept if they were administrative costs.

Answer 6

Chapter 19, Problem 19.4CP

(1)

To determine

To explain: the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

Answer 7

Chapter 19, Problem 19.4CP

(1)

To determine

To explain: the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

Answer 8

(2)

To determine

To explain: the reason as to why J has to accept if they were administrative costs.

Answer 9

(2)

To determine

To explain: the reason as to why J has to accept if they were administrative costs.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 19 - a. Name two principal types of cost accounting...Ch. 19 - What kind of firm would use a job order cost...Ch. 19 - Prob. 3DQ Ch. 19 - Prob. 4DQ Ch. 19 - What is a job cost sheet?Ch. 19 - Prob. 6DQ Ch. 19 - Discuss how the predetermined factory overhead...Ch. 19 - a. How is a predetermined factory overhead rate...Ch. 19 - a. What is (1) overapplied factory overhead and...Ch. 19 - Describe how a job order cost system can be used...

the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

Solution Summary: The author explains why factory wages and depreciation aren't debited to wages expenses, and why J has to accept if they're administrative costs.

To explain: the reason why factory wages and depreciation is not debited to wages expenses and depreciation expenses.

To explain: the reason as to why J has to accept if they were administrative costs.

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Chapter 19 Solutions