Showing 61 to 70 of 1762 Questions
  • Discuss how the predetermined factory overhead rate can be used in job order cost accounting to assist management in pricing jobs.

    0
    333
  • a. How is a predetermined factory overhead rate calculated?b. Name three common bases used in calculating the rate.

    1
    418
  • a. What is (1) Overapplied factory overhead and (2) Underapplied factory overhead?b. If the factory overhead account has a debit balance, was factory overhead underapplied or overapplied?c. If the factory overhead account has a credit balance at the end of the first month of the fiscal year, where will the amount of this balance be report

    0
    389
  • Describe how a job order cost system can be used for professional service businesses.

    0
    41
  • On April 8, Darling Company Purchase 65,000 units of raw materials at $7 per unit. On April 20, raw materials were requisitioned for production as follows: 26,000 units for Job 50 at $6 per unit and 30,000 units for job 51 at $7 per unit. Journalize the entry on April 8 to record the purchase and on April 20 to record the requisition from

    5
    422
  • On June 3, Plowers Company purchased 8,000 units of raw materials at $10 per unit. On June 22, raw materials were requisitioned for production as follows: 2,400 units for Job 30 at $ 8 per unit and 2,600 units for Job 32 at $10 per unit. Journalize the entry on June 3 to record the purchase and on June 22 to record the requisition from th

    1
    196
  • During April, Darling Company accumulated 12,000 hours of direct labor costs on Job 50 and 15,000 hours on Job 51. The total direct labor was incurred at a rate of $21.50 per direct labor hour for Job 50 and $24 per direct labor hour for Job 51. Journalize the entry to record the flow of labor costs into production during April.

    3
    310
  • During June, Plowers Company accumulated 24,000 hours of direct labor costs on Job 30 and 3,000 hours on Job 32. The total direct labor was incurred at a rate of $22 per direct labor hour for Job 30 and $20 per direct labor hour for Job 32. Journalize the entry to record the flow of labor costs into production during June.

    1
    197
  • During April, Darling company incurred factory overhead costs as follows: indirect materials, $30,000; indirect labor, $78,000; utilities cost, $7,000; and factory depreciation, $55,000. Journalize the entry to record the factory overhead incurred during April.

    0
    224
  • During June, Plowers Company incurred factory overhead costs as follows: indirect materials, $14,000; indirect labor, $15,000; utilities cost, $6,500; and factory depreciation, $14,500. Journalize the entry to record the factory overhead incurred during June.

    0
    245