Homework Answers
Answer
- Amount of Salaries & Wages [transaction #4 posting] DEBITED to Manufacturing Overhead is the amount of INDIRECT LABOR COST.
- Manufacturing overhead is debited by indirect material, indirect labor and overheads.
- Correct Answer Option #2: $ 8000 is the indirect labor cost.
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The following partially completed T-accounts are for Stanford Corporation: Bal (1) Raw Materials 7,000 (2) 19,000...
The following partially completed T-accounts are for Stanford Corporation: 24,000 Bal (1) Raw Materials 7,000 (2)...
The following partially completed T-accounts are for Stanford Corporation: 24,000 Bal (1) Raw Materials 7,000 (2) 19,000 Work In Process 11,000 (7) 15,000 18,000 31,000 Finished Goods 18,000 62,000 15,000 Manufacturing Overhead 9,000 (6) 16,000 8,000 5,000 31,000 (5) || Accumulated Depreciation --Factory 82,000 16,000 Sales Salaries Expense 11,000 Accounts Payable 19,000 5,000 Salaries and wages Payable 7,000 37,000 The cost of goods manufactured Is:
Find the ending work in process account balance
The following partially completed T-accounts are for Bull Corporation using Job Order costing: Raw MaterialsBal7,000(2)24,000(1)19,000 Work In ProcessBal11,000(7)?(2)15,000(4)18,000(6)31,000 Finished GoodsBal18,000(7)62,00015,000 Manufacturing Overhead(2)9,000(6)31,000(3)16,000(4)8,000(5)5,000 Accumulated Depreciation—FactoryBal82,000(3)16,000 Sales Salaries Expense(4)11,000 Accounts PayableBal(1)19,000(5)5,000 Salaries and Wages PayableBal7,000(4)37,000
Bal 7,000 (b) 19,000 24,000Ba1 11,000 (7) 15,000 18,000 1,000 9,00 16,000 8,000 5,000 62,000 (6)...
Bal 7,000 (b) 19,000 24,000Ba1 11,000 (7) 15,000 18,000 1,000 9,00 16,000 8,000 5,000 62,000 (6) 31,000 Accumulated Depreciation--Factory Bal 82,000 (4) 16,000 11,000 Accounts Payable 19,000 5,000 7,000 37,000 The manufacturing overhead applied is O$24,000 $31,000 $38,000 O$42,000 a Moving to another question will save this response
Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or...
Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year $481,250 35,000 direct labor-hours Results of operations: 40,000 direct labor-hours Actual direct labor-hours Manufacturing overhead: Indirect labor cost Other manufacturing...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,000 9,000 5,200 Work in Process Beg Bal 4,100 22,200 6,200 8,500 8,300 Finished Goods Beg Bal 2,200 20,400 22,200 Manufacturing Overhead 2,800 8,300 3,500 3,200 Wages & Salaries Payable 20,400 Beg Bal 2,500 12,000 Cost of Goods Sold Beg Bal 20,400 The direct materials cost was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,050 5,250 9,100 Beg Bal 22,250 Work in Process 4,150 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О $3,250 overapplied $1,300 underapplied O O O O $3,250 underapplied O $1,300 overapplied
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 4,750 4,950 8,500 Beg Bal 21,950 Work in Process 3,850 5,950 8,250 8,050 Beg Bal Finished Goods 1,950 21,950 20,150 20,150 8,050 Manufacturing Overhead 2,550 3,250 2,950 Wages & Salaries Payable Cost of Goods Sold 20,150 20,150 Beg Bal Beg Bal 2,250 11,500 The manufacturing overhead was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials 5,050...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials 5,050 5,250 Work in Process 4,150 Beg Bal 9,100 Beg Bal 22,250 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О. $3,250 overapplied O $1,300 underapplied О O $3,250 underapplied O $1,300 overapplied
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials...
20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg Bal 3,650 21,750 5,750 8,050 7,850 Finished Goods Beg Bal 1,750 19,950 21,750 Manufacturing Overhead 2,350 7,850 3,050 2,750 Wages & Salaries Payable 19,950 Beg Bal 2,050 11,100 Cost of Goods Sold Beg Bal 19,950 The manufacturing overhead applied was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,200 9,400 5,400 Work in Process Beg Bal 4,300 22,400 6,400 8,700 8,500 Finished Goods Beg Bal 2,400 20,600 22,400 Manufacturing Overhead 3,000 8,500 3,700 3,400 Wages & Salaries Payable 20,600 Beg Bal 2,700 12,400 Cost of Goods Sold Beg Bal 20,600 The manufacturing overhead applied was:
The following partially completed T-accounts are for Stanford Corporation: 24,000 Bal (1) Raw Materials 7,000 (2) 19,000 Work In Process 11,000 (7) 15,000 18,000 31,000 Finished Goods 18,000 62,000 15,000 Manufacturing Overhead 9,000 (6) 16,000 8,000 5,000 31,000 (5) || Accumulated Depreciation --Factory 82,000 16,000 Sales Salaries Expense 11,000 Accounts Payable 19,000 5,000 Salaries and wages Payable 7,000 37,000 The cost of goods manufactured Is:
Bal 7,000 (b) 19,000 24,000Ba1 11,000 (7) 15,000 18,000 1,000 9,00 16,000 8,000 5,000 62,000 (6) 31,000 Accumulated Depreciation--Factory Bal 82,000 (4) 16,000 11,000 Accounts Payable 19,000 5,000 7,000 37,000 The manufacturing overhead applied is O$24,000 $31,000 $38,000 O$42,000 a Moving to another question will save this response
Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year $481,250 35,000 direct labor-hours Results of operations: 40,000 direct labor-hours Actual direct labor-hours Manufacturing overhead: Indirect labor cost Other manufacturing...
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 5,050 5,250 9,100 Beg Bal 22,250 Work in Process 4,150 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О $3,250 overapplied $1,300 underapplied O O O O $3,250 underapplied O $1,300 overapplied
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Beg Bal Raw Materials 4,750 4,950 8,500 Beg Bal 21,950 Work in Process 3,850 5,950 8,250 8,050 Beg Bal Finished Goods 1,950 21,950 20,150 20,150 8,050 Manufacturing Overhead 2,550 3,250 2,950 Wages & Salaries Payable Cost of Goods Sold 20,150 20,150 Beg Bal Beg Bal 2,250 11,500 The manufacturing overhead was:
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials 5,050 5,250 Work in Process 4,150 Beg Bal 9,100 Beg Bal 22,250 6,250 8,550 8,350 Beg Bal Finished Goods 2,250 22,250 20,450 8,350 Manufacturing Overhead 2,850 3,550 3,250 Wages & Salaries Payable 20,450 Beg Bal Cost of Goods Sold 20,450 Beg Bal 2,550 12,100 The manufacturing overhead was: Multiple Choice О. $3,250 overapplied O $1,300 underapplied О O $3,250 underapplied O $1,300 overapplied
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