User Account

All Pages

Determine the amount of factory labor costs transferred to

Assignment Help Accounting Basics
Reference no: EM13482079

Material usage
Job No. Amount
                              101.00 $         1,620.00
                              122.00 $         1,590.00
                              133.00 $             760.00
                              139.00 $         5,210.00
                              141.00 $         1,780.00
                              143.00 $       33,330.00
                              147.00 $         1,080.00
Indirect labor $       13,400.00
Total $       58,770.00

a. Determine the amount of factory labor costs transferred to Work in process and Factory Overhead for the current month.
b. Illustrate the effects on the accounts and financial statements of the factory labor costs transferred in (a)

Reference no: EM13482079

Questions Cloud

Anticipated sales for safety grip company were 42000 : anticipated sales for safety grip company were 42000 passenger car tires and 19000 truck tires. rubber and steel belts
All revenue from the contract and all expenses except : golden flights inc. is considering buying some specialized machinery that would enable the company to obtain a six-year
Clemson co incurs 700000 of overhead costs each year in its : clemson co. incurs 700000 of overhead costs each year in its three main departments machining 400000 inspections 200000
When an accounting change is reported under the retroactive : when an accounting change is reported under the retroactive approach account balances in the general ledger1are not
Determine the amount of factory labor costs transferred to : material usagejob
Find the accounting return on investment for a project that : 1. the information below shows the assets liabilities and net worth fo a small business. arrange the items into a
From the waterlogged records of the company management was : on april 8 2010 a flood destroyed the warehouse of stuco distributing co. from the waterlogged records of the company
Currently the sales clerks receive a salary of 17000 per : ring incorporateds income statement for the most recent month is given below.picturefor each of the following questions
As useful as financial statements are they have their : as useful as financial statements are they have their limitations. of course we should be aware of such limitations

Reviews

Write a Review

Accounting Basics Questions & Answers

  Consolidated cash flow statement

Aceton Corporation owns 80 percent of the outstanding stock of Voctax, Inc. During the current year, Voctax made $140,000 in sales to Aceton. How does this transfer affect the consolidated statement of cash flows?

  What are some key elements of internal controls

What are some key elements of Internal Controls? What are some of the key Internal Controls at your workplace and/or you are familiar with? Why do auditors have to review Internal Controls of an organization? - Answer 150-200 words

  Customers in the form of a refundable deposit

When cash is received from customers in the form of a refundable deposit, the cash account is increased and there is a corresponding increase in:

  Deternine the depreciation expense

The straight-line method is used for depreciation. In 2008, George Martin changed its estimates to a total useful life of 5 years with a salvage value of $50,000. What is 2008 depreciation expense?

  Paying down the mortgage debt

What are the different tax consequences between paying down the mortgage (debt) and assuming a new mortgage (debt) for Federal income tax purposes?

  Compute the overhead allocation rate

Allocation and proration of overhead. Tamden, Inc., prints custom marketing materials. The business was started January 1, 2010. The company uses a normal-costing system. It has two direct cost pools, materials and labor and one indirect cost pool..

  Problem related to budgeted net income

The Adams Company, a merchandising firm, has budgeted its activity for November according to the following information: The budgeted net income for November is

  Describe why there is a big emphasis placed on auditing

describe why there is a big emphasis placed on auditing cash and cash equivalents. address the following middot why is

  Earnings per share of common stock

Dividends on common stock were $2.05 per share and dividends on preferred stock were $1.80 per share. The earnings per share of common stock is closest to:

  Estimate for sampling error results

The estimate for sampling error results because the auditor has sampled only a portion of the population. Sampling error represents the:

  Determining initial cost of project

A project produces cash inflows of $8,300 a year for 4 years. The PI is 1.08 at a discount rate of 12.5 percent. What is the initial cost of the project?

  Thomas company return on equity

The average stockholders' equity was $680,000. What is Thomas Company's return on equity (ROE)?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd