Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department. To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

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Answer 1

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Chapter 5, Problem 5.28AE

1.

To determine

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department.

To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

2.

To determine

Posting of journal entry for work in process inventory –B T-account.

To find: Ending balance in work in process inventory of Blending department.

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Coronado Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi- purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 or [1.5 hours x (54,000+10,200)]. Estimated annual manufacturing overhead is $1,566,090. Thus, the predetermined overhead rate is $16.26 or ($1,566,090 ÷ 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models. The company's managers identified six activity cost pools and related…

Coronado Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi- purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 or [1.5 hours x (54,000+ 10,200)]. Estimated annual manufacturing overhead is $1,566,090. Thus, the predetermined overhead rate is $16.26 or ($1,566,090 ÷ 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models. The company's managers identified six activity cost pools and related…

The completed Payroll Register for the February and March biweekly pay periods is provided, assuming benefits went into effect as anticipated. Required: Using the payroll registers, complete the General Journal entries as follows: February 10 Journalize the employee pay. February 10 Journalize the employer payroll tax for the February 10 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base. February 14 Issue the employee pay. February 24 Journalize the employee pay. February 24 Journalize the employer payroll tax for the February 24 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employee will exceed the FUTA or SUTA wage base. February 28 Issue the employee pay. February 28 Issue payment for the payroll liabilities. March 10 Journalize the employee pay. March 10 Journalize the employer payroll tax for the March 10 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base.…

Answer 2

Question

Chapter 5, Problem 5.28AE

1.

To determine

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department.

To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

2.

To determine

Posting of journal entry for work in process inventory –B T-account.

To find: Ending balance in work in process inventory of Blending department.

Expert Solution & Answer

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Answer 3

Question

Chapter 5, Problem 5.28AE

1.

To determine

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department.

To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

2.

To determine

Posting of journal entry for work in process inventory –B T-account.

To find: Ending balance in work in process inventory of Blending department.

Expert Solution & Answer

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Answer 4

Question

Chapter 5, Problem 5.28AE

1.

To determine

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department.

To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

2.

To determine

Posting of journal entry for work in process inventory –B T-account.

To find: Ending balance in work in process inventory of Blending department.

Expert Solution & Answer

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Answer 5

Chapter 5, Problem 5.28AE

1.

To determine

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department.

To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

2.

To determine

Posting of journal entry for work in process inventory –B T-account.

To find: Ending balance in work in process inventory of Blending department.

Answer 6

Chapter 5, Problem 5.28AE

1.

To determine

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department.

To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

Answer 7

Chapter 5, Problem 5.28AE

1.

To determine

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department.

To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

Answer 8

2.

To determine

Posting of journal entry for work in process inventory –B T-account.

To find: Ending balance in work in process inventory of Blending department.

Answer 9

2.

To determine

Posting of journal entry for work in process inventory –B T-account.

To find: Ending balance in work in process inventory of Blending department.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 5 - Prob. 1QC Ch. 5 - 2. (Learning Objective 2) Conversion costs consist...Ch. 5 - Prob. 3QC Ch. 5 - Prob. 4QC Ch. 5 - Prob. 5QC Ch. 5 - Prob. 6QC Ch. 5 - Prob. 7QC Ch. 5 - Prob. 8QC Ch. 5 - Prob. 9QC Ch. 5 - Prob. 10QC

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department. To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

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Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department.

To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

Posting of journal entry for work in process inventory –B T-account.

To find: Ending balance in work in process inventory of Blending department.

Want to see the full answer?

Chapter 5 Solutions

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department. To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

Concept explainers

Videos

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department. To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

Posting of journal entry for work in process inventory –B T-account. To find: Ending balance in work in process inventory of Blending department.

Want to see the full answer?

Chapter 5 Solutions

Journal entry for recording the use of direct materials and direct labor and the allocation of manufacturing overhead to the B Department.

To record: Journal entry for the costs of the gallons completed and transferred out to the P Department. Assuming that the wages are unpaid.

Posting of journal entry for work in process inventory –B T-account.

To find: Ending balance in work in process inventory of Blending department.