1) Source document used for material used and overhead is called material requisition form
So answer is c) Material requisition form
2) Predetermine overhead rate = 6000/30000 = 20%
So answer is c) 20%
3) Cost of goods sold = 14600+32500-17800 = 29300
So answer is a) $29300
Question 22 2 pts A source document that production managers use to request materials for production...
Question 49 23 Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year $ 50,000 37.000 5,500 Work in Process, January 1 Work in Process, December 31 Total factory overhead Direct materials used Direct labor used 12,500 26,500 $13,000 $44,500 $57,500 $94,500 $52,000 rused are traceable to specifcunsar Question 42 Kayak Company uses a job order costing system and allocate its head on teiste labor costs. Kayak Company's production costs for the year...
Question 49 2 pts Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year Work in Process, January 1 Work in Process, December 31 $ 50,000 37,000 Total factory overhead 5,500 Direct materials used 12,500 Direct labor used 26,500 O$13,000. O $44,500 O$57,500 O$94,500 O $52,000 Used are traceable to specific units of Question 42 Kayak Company uses a job order costing system and allocates its overheadon the basis f re labor costs....
Question 28 2 pts Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $2,000,000 (200,000 hours at $10/hour) and that factory overhead would be $1.500,000 for the current period. At the end of the period, the records show that there had been 180,000 hours of direct labor and $1,200,000 of actual overhead costs. Using direct labor hours as base, what was the predetermined overhead rate? $6.00 per direct labor hour. $7.50 per...
Question 20 3 pts A materials requisition slip showed that materials requisitioned for Job 105 were $78,000 and materials for general use requisitioned were $15,000. The entry to record the transfer of materials from the storeroom to production is O "Debit" Finished Goods Inventory $93,000 and "Credit" Raw Materials Inventory $93,000 O "Debit" Finished Goods Inventory $78,000, "Debit" Manufacturing Overhead $15,000 and "Credit" Work-in-Process Inventory $93,000 O "Debit" Work-in-Process Inventory $78,000, "Debit" Manufacturing Overhead $15,000 and "Credit" Raw Materials Inventory...
Question 22 4 pts The floor supervisor for the manufacturing division of Appep Products, Inc., a company that uses the job order costing method of accounting for product, requisitions raw materials from the RM storeroom and put this material in the manufacturing process. The journal entry that should be made by Appep to account for this requisition is debit raw materials inventory, credit work in process inventory. O debit raw materials inventory, credit finished goods inventory. O credit raw materials...
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,200, direct labor $12,720, and manufacturing overhead $16,960. As of January 1, Job 49 had been completed at a cost of $95,400 and was part of finished goods inventory. There was a $15,900...
Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 21,200 direct labor $ 12,720, and manufacturing overhead $ 16,960. As of January 1, Job 49 had been completed at a cost of $ 95,400 and was part of finished goods inventory....
a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month Job 136 Job 137 Job 138 Job 139 Job 140 $ 48,000 32.500 19,800 23,400 7,000 Total direct materials Indirect materials 130,700 19.500 Total materials used $150.200 c. Paid $15.750 cash to a computer consultant to reprogram factory equipment. d. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137...
Question 48 16 pts Jones Company uses a job-order costing system and a predetermined overhead rate based on machine hours. At the beginning of 2019. Jones estimated the overhead for the year would be $680,000 and that production would use 80,000 machine hours. The following information relates to the month of January: Job A Job B Job C $8,000 $11,000 Work in process, January 1 Direct materials cost $0 $12,000 $18,000 $1,900 $21,000 $29,000 $6,000 Direct labor costs Actual direct...
de $600 of direct materials and stoof indirect materials to production 17) The journal entry to issue $600 of direct mat involves debit(s) to the A) Work-in-Process Inventory account for B) Manufacturing Overhead account for 5630 C) Work-in-Process Inventory account for $600 and D) Work-in-Process Inventory account for $630 35 Inventory account for $600 and Finished Goods Inventory account for 530 ocess Inventory account for and Manufacturing Overhead account for $250 18) The journal entry to record indirect labor costs...