Torre corporation incurred the following transactions

Reference no: EM131018051

Torre Corporation incurred the following transactions.

1.	Purchased raw materials on account $45,720.
2.	Raw Materials of $35,220 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,070 was classified as indirect materials.
3.	Factory labor costs incurred were $53,120, of which $50,230 pertained to factory wages payable and $2,890 pertained to employer payroll taxes payable.
4.	Time tickets indicated that $47,390 was direct labor and $5,730 was indirect labor.
5.	Manufacturing overhead costs incurred on account were $80,890.
6.	Depreciation on the company’s office building was $7,500.
7.	Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8.	Goods costing $88,400 were completed and transferred to finished goods.
9.	Finished goods (a) costing $75,910 to manufacture were (b) sold on account for

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM131018051

Questions Cloud

What are the u.s.''s true strengths and weaknesses : If our economic status is high, why is there a perception that we are in decline or somehow flawed in our economic model? What are all the factors driving that perception?

Differential output voltage to zero : A bipolar differential amplifier uses two well-matched transistors, but collector load resistors that are mismatched by 10%. What input offset voltage is required to reduce the differential output voltage to zero?

Case of the three effects being independent : In the worst case, what might the total offset be? For the usual case of the three effects being independent, what is the offset likely to be?

Explain how adr is different from the traditional court : Describe the different forms of Alternative Dispute Resolution (ADR) and how they can be used in business.

Torre corporation incurred the following transactions : Torre Corporation incurred the following transactions.

Determining the percentage change from nominal : If you used a variation of one of the drain resistors to reduce the output offset to zero and thereby compensate for the uncertainties (including that of the other RD), what percentage change from nominal would you require?

Find expressions for ad and vos in terms : An NMOS differential amplifier for which the MOSFETs have a transconductance parameter kn and whose drain esistances RD have a mismatch ? RD is biased with a current I. (a) Find expressions for Ad and VOS in terms of kn, RD, ?RD/RD, and I. Use the..

Describe the primary components of a strategic management : Describe the primary components of a strategic management process, and indicate why a strategic management process is needed for a company.

What are the divisions of the brain : What are the divisions of the brain that research psychologists are most interested in? Describe what divisions of the brain one might be interested in researching?

User Account

All Pages