Homework Answers
Journal entry
| No | General Journal | Debit | Credit |
| a | Raw material | 18200 | |
| Account payable | 18200 | ||
| (To record purchase raw material) | |||
| b | Factory labor | 40500 | |
| Factory wages payable | 29000 | ||
| Factory employer taxes payable | 11500 | ||
| (To record factory labor) | |||
| c | Manufacturing overhead | 14540 | |
| Utilities payable | 3900 | ||
| Prepaid property taxes | 2640 | ||
| Accumulated depreciation-Building | 8000 | ||
| (To record overhead) | |||
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During the current month, Wacholz Company incurs the following manufacturing costs. (a) (b) (c) Purchased raw...
During the current month, Blossom Company incurs the following manufacturing costs. (a) Purchased raw materials of...
During the current month, Blossom Company incurs the following
manufacturing costs.
(a)
Purchased raw materials of $17,000 on account.
(b)
Incurred factory labor of $38,000. Of that amount, $29,000
relates to wages payable and $9,000 relates to payroll taxes
payable.
(c)
Factory utilities of $3,000 are payable, prepaid factory
property taxes of $2,500 have expired, and depreciation on the
factory building is $8,000.
Prepare journal entries for each type of manufacturing cost.
(Credit account titles are automatically indented when
amount...
Do It! Review 15-1 During the current month, Wacholz Company incurs the following manufacturing costs. (a)...
Do It! Review 15-1 During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $18,200 on account. (b) Incurred factory labor of $40.500. Of that amount, $29,000 relates to wages payable and $11.500 relates to payroll taxes payable. (c) Factory utlities of s3,900 are payable, prepaid factory property taxes of $2.640 have expired, and depreciation on the factory building is $8.000. Prepare journal entries for each type of manufacturing cost. (Credit account titles are...
During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of...
During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,000 on account. (b) Incurred factory labor of $38,000. Of that amount, $29,000 relates to wages payable and $9,000 relates to payroll taxes payable. (c) Factory utilities of $3,000 are payable, prepaid factory property taxes of $2,500 have expired, and depreciation on the factory building is $8,000. Prepare journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount...
Attempt in Progress the current month, Dalmar Company incurs the following manufacturing costs Purchased raw materials...
Attempt in Progress the current month, Dalmar Company incurs the following manufacturing costs Purchased raw materials of $16.800 on account Incurred factory labour of $40,900. Of that amount, $30,700 relates to wages payable and 110200 relates to part payable. Factory utilities of $3.000 are payable, prepaid factory property taxes of $2,300 have expired, and depreciation on factory building is $9.000 Prepare journal entries for each type of manufacturing cost. (Use a summary entry to record manufacturingowe account titles are automatically...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,400 on account, factory labor $7,300 of which $5,600 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,600. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 (To record purchase of raw...
During January, its first month of operations, Sunland Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Sunland Company accumulated the following manufacturing costs: raw materials $5,700 on account, factory labor $6,300 of which $5,500 relates to factory wages payable and $800 relates to payroll taxes payable, and factory utilities payable $2,700. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 (To record purchase of raw...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,400 on account, factory labor $6,700 of which $5,900 relates to factory wages payable and $800 relates to payroll taxes payable, and factory utilities payable $2,100. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 enter an account title to...
During January, its first month of operations, Reyes Tool & Die accumulated the following manufacturing costs:...
During January, its first month of operations, Reyes Tool & Die accumulated the following manufacturing costs: raw materials $5.800 on account; factory labour $7,300, of which $5,500 relates to factory wages payable and $1,800 relates to payroll taxes payable: and utilities payable $2,100. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Do It! Exercise 15A-1 During the current month, Wacholz Company incurs the following manufacturing costs. (a)...
Do It! Exercise 15A-1 During the current month, Wacholz Company incurs the following manufacturing costs. (a) (b) (c) Purchased raw materials of $18,000 on account. Incurred factory labor of $40,000. Factory utilities of $3,100 are payable, prepaid factory property taxes of $2,700 have expired, and depreciation on the factory building is $9,500. Record the company's manufacturing costs in its job order costing system. Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Purchased raw materials $ $ Incurred factory labor...
Current Attempt in Progress Marigold Company purchases $54,600 of raw materials on account, and it incurs...
Current Attempt in Progress Marigold Company purchases $54,600 of raw materials on account, and it incurs $62,700 of factory labor costs. Supporting records show that (a) the Assembly Department used $34,000 of the raw materials and $38,800 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented...
During the current month, Blossom Company incurs the following
manufacturing costs.
(a)
Purchased raw materials of $17,000 on account.
(b)
Incurred factory labor of $38,000. Of that amount, $29,000
relates to wages payable and $9,000 relates to payroll taxes
payable.
(c)
Factory utilities of $3,000 are payable, prepaid factory
property taxes of $2,500 have expired, and depreciation on the
factory building is $8,000.
Prepare journal entries for each type of manufacturing cost.
(Credit account titles are automatically indented when
amount...
Do It! Review 15-1 During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $18,200 on account. (b) Incurred factory labor of $40.500. Of that amount, $29,000 relates to wages payable and $11.500 relates to payroll taxes payable. (c) Factory utlities of s3,900 are payable, prepaid factory property taxes of $2.640 have expired, and depreciation on the factory building is $8.000. Prepare journal entries for each type of manufacturing cost. (Credit account titles are...
Attempt in Progress the current month, Dalmar Company incurs the following manufacturing costs Purchased raw materials of $16.800 on account Incurred factory labour of $40,900. Of that amount, $30,700 relates to wages payable and 110200 relates to part payable. Factory utilities of $3.000 are payable, prepaid factory property taxes of $2,300 have expired, and depreciation on factory building is $9.000 Prepare journal entries for each type of manufacturing cost. (Use a summary entry to record manufacturingowe account titles are automatically...
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,400 on account, factory labor $7,300 of which $5,600 relates to factory wages payable and $1,700 relates to payroll taxes payable, and factory utilities payable $2,600. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 (To record purchase of raw...
During January, its first month of operations, Reyes Tool & Die accumulated the following manufacturing costs: raw materials $5.800 on account; factory labour $7,300, of which $5,500 relates to factory wages payable and $1,800 relates to payroll taxes payable: and utilities payable $2,100. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Do It! Exercise 15A-1 During the current month, Wacholz Company incurs the following manufacturing costs. (a) (b) (c) Purchased raw materials of $18,000 on account. Incurred factory labor of $40,000. Factory utilities of $3,100 are payable, prepaid factory property taxes of $2,700 have expired, and depreciation on the factory building is $9,500. Record the company's manufacturing costs in its job order costing system. Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Purchased raw materials $ $ Incurred factory labor...
Current Attempt in Progress Marigold Company purchases $54,600 of raw materials on account, and it incurs $62,700 of factory labor costs. Supporting records show that (a) the Assembly Department used $34,000 of the raw materials and $38,800 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented...
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