Complete the Company K’s payroll register.

Question

Job 786 was one of the many jobs started and completed during the year. The job required $8,400 in direct materials and 35 hours of direct labor time at a total direct labor cost of $9,300. If the job contained five units and the company billed at 70% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer?

Answer 1

Question

Chapter 8, Problem 2PB

1.

To determine

Complete the Company K’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 14.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 14.

4.

To determine

Prepare journal entry to record the payroll as of December 16 by assuming that the company has transferred cash to the cash-payroll bank account.

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Job 786 was one of the many jobs started and completed during the year. The job required $8,400 in direct materials and 35 hours of direct labor time at a total direct labor cost of $9,300. If the job contained five units and the company billed at 70% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer?

What is the company's gross profit?

MOH Cost: Top Dog Company has a budget with sales of 7,500 units and $3,400,000. Variable costs are budgeted at $1,850,000, and fixed overhead is budgeted at $970,000. What is the budgeted manufacturing cost per unit?

Answer 2

Question

Chapter 8, Problem 2PB

1.

To determine

Complete the Company K’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 14.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 14.

4.

To determine

Prepare journal entry to record the payroll as of December 16 by assuming that the company has transferred cash to the cash-payroll bank account.

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Answer 3

Question

Chapter 8, Problem 2PB

1.

To determine

Complete the Company K’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 14.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 14.

4.

To determine

Prepare journal entry to record the payroll as of December 16 by assuming that the company has transferred cash to the cash-payroll bank account.

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Answer 4

Question

Chapter 8, Problem 2PB

1.

To determine

Complete the Company K’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 14.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 14.

4.

To determine

Prepare journal entry to record the payroll as of December 16 by assuming that the company has transferred cash to the cash-payroll bank account.

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Answer 5

Chapter 8, Problem 2PB

1.

To determine

Complete the Company K’s payroll register.

2.

To determine

Prepare journal entry to record the payroll as of December 14.

3.

To determine

Prepare journal entry to record the payroll taxes as of December 14.

4.

To determine

Prepare journal entry to record the payroll as of December 16 by assuming that the company has transferred cash to the cash-payroll bank account.

Answer 6

Chapter 8, Problem 2PB

1.

To determine

Complete the Company K’s payroll register.

Answer 7

Chapter 8, Problem 2PB

1.

To determine

Complete the Company K’s payroll register.

Answer 8

2.

To determine

Prepare journal entry to record the payroll as of December 14.

Answer 9

2.

To determine

Prepare journal entry to record the payroll as of December 14.

Answer 10

3.

To determine

Prepare journal entry to record the payroll taxes as of December 14.

Answer 11

3.

To determine

Prepare journal entry to record the payroll taxes as of December 14.

Answer 12

4.

To determine

Prepare journal entry to record the payroll as of December 16 by assuming that the company has transferred cash to the cash-payroll bank account.

Answer 13

4.

To determine

Prepare journal entry to record the payroll as of December 16 by assuming that the company has transferred cash to the cash-payroll bank account.

Answer 14

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Answer 15

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Answer 25

Ch. 8 - Prob. 1QY Ch. 8 - Prob. 2QY Ch. 8 - Prob. 3QY Ch. 8 - Prob. 4QY Ch. 8 - Prob. 5QY Ch. 8 - Prob. 6QY Ch. 8 - Prob. 7QY Ch. 8 - Prob. 8QY Ch. 8 - Prob. 9QY Ch. 8 - Prob. 1DQ

Complete the Company K’s payroll register.

Solution Summary: The author explains that payroll refers to the total amount that is required to be paid by the company to its employees during a week, month or other period.

Complete the Company K’s payroll register.

Prepare journal entry to record the payroll as of December 14.

Prepare journal entry to record the payroll taxes as of December 14.

Prepare journal entry to record the payroll as of December 16 by assuming that the company has transferred cash to the cash-payroll bank account.

Chapter 8 Solutions