Business, 13.02.2021 01:10 BreBreDoeCCx

A firm produces its products by a continuous process involving three production departments, 1 through 3. Journalize the entries to record the following selected transactions related to production during August: If an amount box does not require an entry, leave it blank.

a. Materials purchased on account, $120,000.

fill in the blank 34d675053fd9fe1_2
fill in the blank 34d675053fd9fe1_3

fill in the blank 34d675053fd9fe1_5
fill in the blank 34d675053fd9fe1_6
b. Material requisitioned for use in Department 1, $125,700, of which $124,200 entered directly into the product.

fill in the blank 654ff2f72fc7fc9_2
fill in the blank 654ff2f72fc7fc9_3

fill in the blank 654ff2f72fc7fc9_5
fill in the blank 654ff2f72fc7fc9_6

fill in the blank 654ff2f72fc7fc9_8
fill in the blank 654ff2f72fc7fc9_9
c. Labor cost incurred in Department 1, $195,400, of which $174,000 was used directly in the manufacture of the product.

fill in the blank 1aa8b7059ff302b_2
fill in the blank 1aa8b7059ff302b_3

fill in the blank 1aa8b7059ff302b_5
fill in the blank 1aa8b7059ff302b_6

fill in the blank 1aa8b7059ff302b_8
fill in the blank 1aa8b7059ff302b_9
d. Factory overhead costs for Department 1 incurred on account, $54,700.

fill in the blank b4386f07304a01b_2
fill in the blank b4386f07304a01b_3

fill in the blank b4386f07304a01b_5
fill in the blank b4386f07304a01b_6
e. Depreciation on machinery in Department 1, $29,200.

fill in the blank f6569eff304dfe4_2
fill in the blank f6569eff304dfe4_3

fill in the blank f6569eff304dfe4_5
fill in the blank f6569eff304dfe4_6
f. Expiration of prepaid insurance chargeable to Department 1, $7,000.

fill in the blank 154e79fa4f90044_2
fill in the blank 154e79fa4f90044_3

fill in the blank 154e79fa4f90044_5
fill in the blank 154e79fa4f90044_6
g. Factory overhead applied to production in Department 1, $106,300.

fill in the blank 2bd546fe2001f8f_2
fill in the blank 2bd546fe2001f8f_3

fill in the blank 2bd546fe2001f8f_5
fill in the blank 2bd546fe2001f8f_6
h. Output of Department 1 transferred to Department 2, $362,700.

fill in the blank 84e862f6e05afd8_2
fill in the blank 84e862f6e05afd8_3

fill in the blank 84e862f6e05afd8_5
fill in the blank 84e862f6e05afd8_6

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 08:00

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.

Answers: 2

Answer

Business, 22.06.2019 09:00

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?

Answers: 2

Answer

Business, 22.06.2019 18:50

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right

Answers: 3

Answer

Business, 23.06.2019 07:00

Which of the following are direct employee sources of foodborne disease organisms? a) normal flora b) sick employees c) transient microorganisms d) all of the above

Answers: 1

Answer

You know the right answer?

A firm produces its products by a continuous process involving three production departments, 1 throu...

Questions