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

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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