Journalize this transaction

Assignment Help Cost Accounting
Reference no: EM131912726

Journalize this transaction? A direct material requisition shows $1,450.00 of direct materials, and an indirect materials requisition shows $170.00 of indirect materials.

A time card show $3,650.00 of direct labor for this completed job. Factory overhead is based on 25% of direct labor costs. Transfer the completed job from Direct Material and Indirect Material to the Finished Goods account.

Reference no: EM131912726

Questions Cloud

Find the quantity of cartons per year : Assuming that the price per carton is $16.40, find the quantity of cartons per year you need to supply to break even.
Research the reviews of business and public administration : .Obtain access to at least one milestone publication discussed in chapter 3 (other than the one presented at the end of the chapter).
Which of martins segments is reportable : Martin Corporation has the following data related to its operating segments. Inter- Identi Unaffiliated segment. Which of Martin's segments is (are) reportable?
Prepare all entries martinez should have made : Prepare all entries Martinez should have made in its accounting records during August 2017 relating to this lease. Remember, August 31, 2017.
Journalize this transaction : Journalize this transaction? A direct material requisition shows $1,450.00 of direct materials, and an indirect materials requisition shows $170.00 of indirect
Why is literacy a global issue : Why is literacy a global issue? And why is it an especially important issue for early childhood educators worldwide?
Calculate wacc for parrothead enterprises : An expected return of 10.2 percent, a risk-free rate of 5.15 percent, and a 38 percent tax rate. Calculate the WACC for Parrothead Enterprises.
Journalize the given transaction : Sold two ice cream systems to Day Dreamer's Ice Cream. (Debit A/P; Credit Sales) The estimated direct labor is $8,200.00. The estimated direct material is $3,35
Why distribution channel is important to marketing process : You work for a newly formed sports apparel company and your manager has requested you help the company decide on the best distribution strategy to use.

Reviews

Write a Review

Cost Accounting Questions & Answers

  What is the current share price

the company expects to maintain a constant 8.3% growth in dividends forever. If the required return on Hawke's Bay's ordinary shares is 9%, what is the current share price?

  Prepare in columnar form a statement

Prepare in columnar form a statement calculating the overhead absorption rates for each machine hour and each direct labour hour for each of the three production units.

  List you departure-airport and destination-airport

List you departure-airport and destination-airport. What are the two fares?  What is the difference between the two fares?  Why do you think there is a difference in the fares?

  Calculate the cost of the inventory

Partridge does not maintain perpetual inventory records. According to a physical count, 365 units were on hand at January 31. Calculate the cost of the inventory at January 31, under the FIFO method.

  What final payment will the bank require

If the interest rate on the loan is 5%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment?

  Compute the values and provide a brief interpretation

Compute the values and provide a brief interpretation and working capital and current ratio.

  Calculate the overapplied or underapplied overhead for year

Calculate the overapplied or underapplied overhead for the year.

  Absorption costing and variable costing

Determine the unit product cost under absorption costing and variable costing.

  Show how the costs should be related to products

Using primary stage cost drivers, show how the costs should be related to products. Explain why it is necessary to use preliminary stage and primary stage cost drivers.

  What conclusions concerning the relative profitability

What conclusions concerning the relative profitability, liquidity, long-run solvency, and the efficiency of assets can be drawn from your analysis above (compare and contrast the two competitors using specific financial measures from the analysis ..

  Which enhancing quality do you feel is least important

Which of the enhancing qualities of useful information do you feel is most important? Why? Which enhancing quality do you feel is least important? Why?

  How to provide security against fraud

Research and locate a company who was audited by an outside source and explain the method, technique, and findings of an audit.

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