Reference no: EM132684532
Problem - Entries for costs in a job order cost system
GIA Co. uses a job order cost system. The following data summarize the operations related to production for August:
a. Materials purchased on account, $660,000.
b. Materials requisitioned, $577,500, of which $73,500 was for general factory use.
c. Factory labor used, $681,500, of which $95,500 was indirect.
d. Other costs incurred on account were for factory overhead, $154,320; selling expenses, $244,440; and administrative expenses, $152,250.
e. Prepaid expenses expired for factory overhead were $30,450; for selling expenses, $25,830; and for administrative expenses, $18,690.
f. Depreciation of office building was $88,200; of office equipment, $45,150; and of fac- tory equipment, $30,450.
g. Factory overhead costs applied to jobs, $375,500.
h. Jobs completed, $871,800.
i. Cost of goods sold, $860,000.
Required - Journalize the entries to record the summarized operations.
|
Understand performance standards
: List 10 ways in which you can check that teams and individuals are aware of and understand performance standards, Codes of Conduct and work output expectations.
|
|
Discrimination in the workplace continues
: Although we live in enlightened times, a recent Gallup Poll found that 15 percent of American workers still experienced some form of workplace discrimination
|
|
Teaching philosophy-portfolio and interview for jobs
: As you create a portfolio and interview for jobs, you will often be asked to provide your teaching philosophy.
|
|
Changing the culture at starbucks-racial-bias training
: On April 12, 2018, a manager at a Starbucks in Philadelphia called police to arrest two black men in the store. The two men were waiting for a friend to arrive
|
|
Journalize the entries to record the summarized operations
: Materials requisitioned, $577,500, of which $73,500 was for general factory use. Journalize the entries to record the summarized operations
|
|
Research some other unique employee benefits or incentives
: To attract the best talent, many employers have expanded their employee incentives and benefits offerings. You read about some of the perks Google offers
|
|
Web-based resources to develop portfolio
: Utilize various web-based resources to develop a portfolio that contains a minimum of five activities and five strategies
|
|
How do you know your article choice is credible
: Explain how you were able to narrow down the number of article hits you had initially, and present within your post a summary of the credible article you chose.
|
|
Journalize the summary entry to record direct labor costs
: At the end of March, both the Hedge Bank and Sullivan Airlines campaigns were completed. Journalize the summary entry to record direct labor costs
|