The followin transactions were incurred by dimasi

Assignment Help Accounting Basics
Reference no: EM13602793

The followin transactions were incurred by dimasi industries during january 2010 : 1. issued $800,000 of direct material to production 2. paid $40,000 hours of direct labor at $18 per hour 3. Accured 15,500 hours of indirect labor cost at $15 per hour 4. recorded $102,100 of depreciation on factory assets 5. accured $32,800 of supervisors salaries 6. issued $25,400 of indirect material to production. 7. completed goods costting $1749300 and transfered them to finish goods. a. prepare journal entries for these transactions using a single overhead account for both variable and fixed overhead. the raw material inventory account contains only direct material : indirect material costs are recorded in supplies inventory. B. if working process inventory had beginning balance of $18,900 and an ending balance of $59,600, what amount of manufacturing overhead was included in work in process inventory during january 2010?

Reference no: EM13602793

Questions Cloud

On december 31 year three fairfields auditors raise : on december 31 year three fairfields auditors raise concerns that the plants market value might be below its net book
The group product manager for ointments at american : the group product manager for ointments at american therapeutic corporation was reviewing price and promotion
Kaye company acquired 100 of fiore company on january 1 : kaye company acquired 100 of fiore company on january 1 2009. kaye paid 1000 excess consideration over book value which
Market prices are 1035 for bonds 19 for preferred stock and : market prices are 1035 for bonds 19 for preferred stock and 35 for common stock. there will be sufficient internal
The followin transactions were incurred by dimasi : the followin transactions were incurred by dimasi industries during january 2010 1. issued 800000 of direct material
Elliot page inc manufactures and sells two products : elliot page inc. manufactures and sells two products backpacks and purses. annual sales in units of each labor time per
The income statement for a corporation for the month of : the income statement for a corporation for the month of december indicates a net income of 120000. during the same
The prepaid insurance account had a balance of 4800 at the : the prepaid insurance account had a balance of 4800 at the beginning of the year. the account was debited for 15000 for
On july 31 2012 bismarck company engaged duval tooling : on july 31 2012 bismarck company engaged duval tooling company to construct a special-purpose piece of factory

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the two types of audit tests what are some

what are the two types of audit tests? what are some examples of each of these two types of tests? how will the auditor

  Detailed explanation of equivalent units

Griffith Company started its production operations on July 1. During July, the silk-screening department completed 15,600 units. There were 2,400 units in ending inventory which were 75% complete with respect to materials and 20% complete with res..

  For many years futura company has purchased the starters

for many years futura company has purchased the starters that it installs in its standard line of farm tractors. due to

  Your nursing home defines output as a patient day its

your nursing home defines output as a patient day. its present volume is 26000 patient days. the average cost per day

  Comment on any significant problem or areas of cost savings

heritage furniture co. uses a standard cost system. one of thecompanys most popular products is an oak

  In 2012 firm a paid 50000 cash to purchase a tangible

in 2012 firm a paid 50000 cash to purchase a tangible business asset. in 2012 and 2013 it deducted 3140 and 7200

  Bonnie and clyde each own one-third of a fast-food

bonnie and clyde each own one-third of a fast-food restaurant and their 13 year-old daughters owns the other shares.

  It is further estimated that small lamp production will

diamond company produces a chair that requires 5 yds. of material per unit. the standard price of one yard of material

  A companys beginning work in process inventory consisted of

a companys beginning work in process inventory consisted of 36000 units that were 15 complete with respect to direct

  The independent auditors plan for examination in accordance

the independent auditors plan for an examination in accordance with generally accepted auditing standards is influenced

  What types of industries have unearned revenue

What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?

  Time sheets are collected in a batch and the information is

time sheets are collected in a batch and the information is manually keyed into the system. this data is now stored on

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