Reference no: EM132628885
Problem 1: The following information relates to October:
Production supervisor's salary: $3,500
Factory maintenance wages: 250 hours at $10 per hour
The journal entry to record the preceding information is:
A. Manufacturing Overhead 6,000
Wages Payable 6,000
B. Wages Payable 6,000
Manufacturing Overhead 6,000
C. Work In Process Inventory 6,000
Wages Payable 6,000
D. Manufacturing Overhead 6,000
Work In Process Inventory 3,500
Wages Payable 6,000
Problem 2: Reynardo Company incurred $90,000 of depreciation for the year. Eighty percent relates to the firm's production facilities, and 20% relates to sales and administrative offices. If all items are handled in the proper manner, a review of the company's accounting records should reveal a:
A. debit to Depreciation Expense for $90,000.
B. debit to Manufacturing Overhead for $90,000.
C. debit to Manufacturing Overhead for $72,000.
D. debit to Work-in-Process Inventory for $18,000.
E. credit to Cash for $90,000.
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