Indirect materials were used in the production process

Assignment Help Accounting Basics
Reference no: EM13492705

Which of the following journal entries correctly records the current month's activity where $92,000 of direct material and $41,000 of indirect materials were used in the production process?

Goods in process 41,000
Factory overhead 92,000
Cash 133,000

Goods in process 92,000
Factory overhead 41,000
Raw materials inventory 133,000

Raw materials inventory 133,000
Goods in process inventory 92,000
Factory overhead 41,000

Raw materials inventory 133,000
Cash 133,000

Goods in process 133,000
Raw materials inventory 133,000

Reference no: EM13492705

Questions Cloud

What is the taxable income for 2012 : What is the taxable income for 2012?
Explain boiling point of the water at the air pressure : You are in a mountain range with atmospheric air pressure of 520 mmHg, and you wish to boil some eggs. What is the approximate boiling point of the water at this air pressure
Which funding alternative yields the higher return on equity : Which funding alternative yields the higher return on equity. What other factors should be considered.
Find the amount of stretch in the wire at the top of circle : A steel ball (density = 7860kg/m^3) with a diameter of 6.8 cm is tied to an aluminum wire 88 cm long and 2.0 mm in diameter. Find the amount of stretch in the wire at the top of the circle
Indirect materials were used in the production process : Which of the following journal entries correctly records the current month's activity where $92,000 of direct material and $41,000 of indirect materials were used in the production process?
Explain without a change in the temperature or moles of gas : If the volume of the original sample in Part A ( P1= 722 torr, V1 = 34.0 L) changes to 57.0 L, without a change in the temperature or moles of gas molecules, what is the new pressure, P2
Illustrate the difference in various depreciation methods : You are the new Financial Controller of Advanced Radio repairs. Write a memo to the company Chairperson identifying the internal Control weakness in this situation. State the steps to be taken to correct the weakness.
Find the time it takes to reach this charge : A charged capacitor is connected to a resistor and a switch, Find the time it takes to reach this charge
Compute overall coefficient of performance for each heatpump : a family wishes to purchase a heat pump for their home. The get-it-cheap co. sells a heat pump that has an operating performance 38% of the coefficient of performance of an ideal Carnot heat pump. Compute the overall coefficient of performance for ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  In the consideration of internal control the auditor is

in the consideration of internal control the auditor is basically concerned that internal control provides reasonable

  Explain the different types of dividends corporations may

why is preferred stock referred to as preferred? what are some of the features added to preferred stock that make it

  Yummy-pop ltd

Yummy-Pop Ltd makes lollipops in two sizes, large and giant. The company sells these lollipops to convenience stores, fairs, schools for fundraisers, and in bulk on the Internet.

  Large real estate transactions

Arthur Young was criticized for not encouraging Lincoln to invoke the substance-over-form principle when accounting for its large real estate transactions.

  Quantitative analysis for management-statistical analysis

What is the maximum revenue per year, how many medical patients/year are there, and how many surgical patients/year are there? How many medical beds and how many surgical beds of the 90-bed addition should be added?

  Journal entry for admission of partnership

For each of the following independent cases, prepare the journal entry that was made to record the admission of Shaw into the partnership.

  Calculate the annual rate

Calculate the annual rate of return for each asset in each of the 10 preceding years, and those values to find the average annual return for each asset over the 10-year period.

  Write a paper that describes the main aspects of the

write a paper that describes the main aspects of the regulatory environment which will protect the public from fraud

  Recognizing the retirement of the bonds

Foster Corporation issued a $100,000, 10-year, 10 percent bond on January 1, 2010, for $112,000. Foster uses the straight-line method of amortization. On April 1, 2013, Foster reacquired the bonds for retirement when they were selling at 102 on th..

  Consolidated financial statements for the year

How much amortization expense will be on the consolidated financial statements for the year ended December 31, 2009 related to the acquisition of Green?

  What is the companys days sales in inventory

How Bout Now, a clothing retailer, had cost of goods sold of $525,000 last year. The beginning inventory balance was $32,500 and the ending inventory balance was $35,000. What is the company's Days' Sales in Inventory?

  Discuss why a buyer may want to order on a bill

Discuss why a buyer may want to order on a bill and hold basis. Why might a seller want to classify an order as bill and hold if it does not meet the above criteria?

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!

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