User Account

All Pages

What is the appropriate journal entry for job

Assignment Help Accounting Basics
Reference no: EM132425672

Question - Mendes Company uses a job order cost system and applies overhead based on estimated rates for work in their factory. The overhead application rate is based on total estimated overhead costs of $400,000 and direct labor hours of 50,000. For job 836, direct labor hours were 700 for the month of December. What is the appropriate journal entry for job 836 for the month of December?

Factory Overhead should be debited for $4,200.

Factory Overhead should be credited for $4,600.

Work in Process should be credited for $3,200.

Finished Goods Inventory should be debited for $5,600.

Reference no: EM132425672

Questions Cloud

What are the useful aspects and dangers of devices : What are the useful aspects and dangers of these devices? What can organizations do to maximize value and minimize risk when users use these devices?
Analyze the grievance process from a state of your choice : Analyze the grievance process from a state of your choice that inmates must follow while incarcerated. Critique the grievance process and whether it is enough.
Effects of mass media worksheet : What were the major developments in the evolution of mass media during the 20th century? How did each development influence American culture?
Critically reflect on the leadership styles : Critically reflect on the leadership styles necessary to succeed in a range of project management situations, and their personal capacity to succeed
What is the appropriate journal entry for job : For job 836, direct labor hours were 700 for the month of December. What is the appropriate journal entry for job 836 for the month of December
Describe the history and evolution of meth labs : Describe the history and evolution of "Meth Labs?" How has "Roofies" become popular in our modern society and how can law enforcement combat these chemicals?
What was the inventory turnover ratio : Selected information for 2018 is: cost of goods sold, $5,000,000; Assuming a 360-day year, what was the inventory turnover ratio for 2018
Ashford 375 continuous quality improvement : Nurses are responsible for upholding the public's trust as well as their health care organization's reputation and its financial viability.
Impact of budget changes and implementation revenue expenses : The functions of the manager of health services in the area of budget planning.The different types of funds that make up the United States Health System.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd