Job order cost accounting system

Assignment Help Financial Accounting

Reference no: EM13868291

Canberra Company uses a job order cost accounting system. During the current month, the factory payroll of $234,000 was paid in cash. The amount of labor classified as direct labor was three times greater than the amount classified as indirect labor. What amount should be debited to Factory Overhead for indirect labor for this month?

$175,500

$234,000

$58,500

$78,000

$26,000

Reference no: EM13868291

Questions Cloud

Accounted for under the weighted-average method : In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $38,000 and ending work in process inventory of $15,000. During the month, the cost of units transferred out from the department was $..

Total cost of the units completed and transferred out : Valley Manufacturing Corporation's beginning work in process inventory consisted of 20,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The equivalent unit cost was computed to be $3 for mater..

Airline Journal Entries and T-accounts : Airline Journal Entries and T-accounts. Show all journal entries and t-accounts for Airline ABC'S ticket sales throughout the cycle including when the flight is taken and the cash is received. Instead of dates, number the entries in chronological ord..

Considered product cost : Which of the following would not be considered a product cost?

Job order cost accounting system : Canberra Company uses a job order cost accounting system. During the current month, the factory payroll of $234,000 was paid in cash. The amount of labor classified as direct labor was three times greater than the amount classified as indirect labor...

Find the present value of investment in plant and equipment : Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $26,000 for 15 years and to have a resale value of $50,000 at the end of that period. Dick Button has offered to buy Stacy’s vineyard busin..

Break-even point and other financial measures : Harley-Davidson, Inc. has made some remarkable changes as related in the attached article. From a perspective of management accounting, what do you believe were their most important changes? What would be the impact, if any, on their break-even point..

Increasing operating leverage do to your margin of safety : The reduction of labor costs by incurring a greater amount of fixed costs through purchase of machinery in order to increase the organization’s operating leverage should be avoided. What do you think? And what does increasing operating leverage do to..

Year-end account balances of sales revenue : Side Kicks has year-end account balances of Sales Revenue $834,710; Interest Revenue $18,600; Cost of Goods Sold $583,930; Administrative Expenses $186,150; Income Tax Expense $32,990; and Dividends $18,615. Prepare the year-end closing entries.

User Account

All Pages