Munch printing inc began printing operations on august 1

Assignment Help Accounting Basics
Reference no: EM13586109

Munch Printing Inc. began printing operations on August 1. Jobs 10 and 11 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 12 and 13 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $860 of indirect materials and $10,360 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form:

Job 10

Job 11
Direct materials $8,860

Direct materials $4,140
Direct labor 3,400

Direct labor 1,800
Factory overhead 1,870

Factory overhead 990
Total $14,130

Total $6,930






Job 12

Job 13
Direct materials $11,900

Direct materials $2,550
Direct labor 3,800

Direct labor 500
Factory overhead


Factory overhead

Journalize the summary entry to record each of the following operations for August (one entry for each operation):

Reference no: EM13586109

Questions Cloud

For each item shown below classify it as a product cost or : 1.the following cost items relate to the brock company. classify each cost as a variable cost a fixed cost or a mixed
You investes 8000 in two funds paying 2 and 5 annual : you investes 8000 in two funds paying 2 and 5 annual interest. at the end of the year the interest from the 5
The assignment of costs to units transferred out and in : morse company manufactures basketballs. materials are added at the beginning of the production process and conversion
Two positive point charges q1 16x10-6 c and q2 4 x10-6 c : two positive point charges q1 16x10-6 c and q2 4 x10-6 c are separated by a distance 3 m.calculate the distance d
Munch printing inc began printing operations on august 1 : munch printing inc. began printing operations on august 1. jobs 10 and 11 were completed during the month and all costs
Compute conversion costs given the following data direct : 1. in the income statement of a manufacturing company what replaces purchases in the cost of goods section of a retail
The repair shop equipment was purchased on november 1 and : kaffen company a ski tuning and repair shop opened on november 1 2013. the company carefully kept track of all its cash
Question pure oxygen was first made by heating mercury ii : question pure oxygen was first made by heating mercury ii oxide 2hgo --gt 2hgo2.a how many grams of mercury and how
Organizations must follow gaap or ifrs with respect to : organizations must follow gaap or ifrs with respect to financial accounting in order to provide accurate transparent

Reviews

Write a Review

Accounting Basics Questions & Answers

  Makes the testamentary gifts

Emmett Tomas, a bachelor, makes the following testamentary gifts

  Key factors which impact company decision

Examine the major factors which impact a company’s decision of whether to pay the dividend and determine what you believe is the most significant driver of the decision.

  The proprietorship form of business organization

The proprietorship form of business organization

  Total selling expenses for the specific month

For March, sales revenue is $800,000; sales commissions are 4% of sales; the sales manager's salary is $80,000; advertising expenses are $75,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $2,100 plus 3/4 of 1% of ..

  Determining amount of itemized deductions

They have itemized deductions of $20,000 consisting of $8,000 in medical expenses that exceed 71/2% of adjusted gross income ,$3,000 in property taxes ,$4,000 in housing interest ,and $5,000 in miscellaneous itemized deductions that exceed 2 perce..

  Gourley clinic uses client-visits as its measure of

gourley clinic uses client-visits as its measure of activity. during august the clinic budgeted for 3500 client-visits

  Nathan herrmann has completed the basic format to be used

nathan herrmann has completed the basic format to be used in preparing the statement of cash flows indirect method for

  How much tax can be saved if john shifts 1900 of income to

how much tax can be saved if john shifts 1900 of income to his 18 year old dependent son? john is in the 25 percent tax

  For upcoming weeks breakfast meeting you told your team

you plan to hold a weekly breakfast meeting with your team of strategic planners to practice assessing an industry. for

  Preferred and common shareholders

The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $15,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2010?

  What are the factors that influence the extent of voluntary

Identify at least 3 areas in accounting and/or audit where complexity increases as a result of globalization. How should audit firms deal with them?

  Which scheme does not inflate sales

Which scheme does not inflate sales? A) Recognizing sales on disputed claims against customers. B) Recognizing sales without shipping the goods. C) Understanding allowances for sales discounts. D) Recognizing full sales amount for partial shipments.

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