Journalize the following transactions for Gillaspie Manufacturing. (a) Incurred direct labor costs of $24,000 for 3,000 hours.
Question:
(a) Incurred direct labor costs of $24,000 for 3,000 hours. The standard labor cost was $25,200.
(b) Assigned 3,000 direct labor hours costing $24,000 to production. Standard hours were 3,100.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
a Factory Labor 25200 Labor Price Vari...View the full answer
Answered By
Muhammad Khurram
I have strong General Management skills to apply in your projects. Over last 3 years, I have acquired great knowledge of Accounting, Auditing, Microsoft Excel, Microsoft PowerPoint, Finance, Microsoft Project, Taxation, Strategic Management, Human Resource, Financial Planning, Business Planning, Microsoft Word, International Business, Entrepreneurship, General Management, Business Mathematics, Advertising, Marketing, Supply Chain, and E-commerce. I can guarantee professional services with accuracy.
4.80+
249+ Reviews
407+ Question Solved
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Journalize the following transactions for Orkin Manufacturing. (a) Purchased 6,000 units of raw materials on account for $11,100.The standard cost was $12,000. (b) Issued 5,500 units of raw materials...
-
Journalize the following transactions for Rogler Manufacturing. (a) Incurred direct labor costs of $24,000 for 3,000 hours. The standard labor cost was $25,200. (b) Assigned 3,000 direct labor hours...
-
Journalize the following transactions for Combs Company. (a) Purchased 6,000 units of raw materials on account for $11,500. The standard cost was $12,000. (b) Issued 5,600 units of raw materials for...
-
Use the following information to answer the questions that follow.... The Big Cheese Company * 2019 2020 Interest Expense 200 1950 Cash 180 30 Property, Plant, and Equipment 16000 39550 Inventories...
-
The Cutting Department of Cassel Company has the following production and cost data for July. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the...
-
What does the term leadership refer to?
-
Consider the stock and bond lattices on the left of Figure 14.18. Each has unit cost of \(\$ 1\) with the payoffs shown at the end nodes. There is a new asset available-a derivative of the first two...
-
1. What are the three most important trends cited in this case? Explain your answer. 2. To date, what are the three most accurate predictions cited in the case? Explain your answer. 3. To date, what...
-
Granada Inc. applies overhead to production at a predetermined rate of 0.79 based on direct labor cost. Job No. 250, the only job still in process at the end of September, has been charged with...
-
You work for ConstCo, a medium-sized engineering and construction company with annual profits of about $100 million. You recently entered as a contractor into a bidding process for a large...
-
Journalize the following transactions for Slocombe Manufacturing. (a) Purchased 6,000 units of raw materials on account for $11,100. The standard cost was $12,000. (b) Issued 5,500 units of raw...
-
Some overhead data for Derby Company are given in BE22-6. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $4 variable per direct labor hour and $50,000 fixed....
-
Alice is a single mother, 37 years old, and has two qualifying children, ages 3 and 6. In 2017, she receives $3,600 alimony and earns $18,000 in wages resulting in $21,600 of AGI. Is Alice eligible...
-
Which of the following is not a PFP service? A. Designing financial strategies. B. Identifying personal financial goals and resources. C. Making personalized recommendations. D. Preparing individual...
-
Write a static method max3() that takes three int arguments and returns the value of the largest one. Add an overloaded function that does the same thing with three double values.
-
Who are the commonly reported victims of female serial killers? What are some of the motivations of female serial killers?
-
The members evaluation of progress toward achieving the clients PFP goals is an element of which type of engagement? A. PFP engagement. B. Implementation engagement. C. Monitoring engagement. D....
-
Ethical handling of authority and the positive polity within an organization add to the organizations benefits. Discuss
-
A pressure cooker is a device that allows food to be cooked at pressures that are higher than atmospheric pressure. Explain why this device changes how your food is cooked.
-
Grace is training to be an airplane pilot and must complete five days of flying training in October with at least one day of rest between trainings. How many ways can Grace schedule her flying...
-
For the following species, write a resonance structure with an octet about the central atom and a second resonance structure that minimizes formal charges. (a) O H-O-D-0 O (b) O H-O-P-0-H O H
-
Glacial Company estimates that variable costs will be 62.5% of sales, and fixed costs will total $600,000. The selling price of the product is $4. Instructions (a) Prepare a CVP graph, assuming...
-
Oak Bucket Co., a manufacturer of wood buckets, had the following data for 2013: Sales ...............2,600 units Sales price ............$40 per unit Variable costs ..........$16 per unit Fixed...
-
Telly Savalas owns the Bonita Barber Shop. He employs four barbers and pays each a base rate of $1,000 per month. One of the barbers serves as the manager and receives an extra $500 per month. In...
-
4. A partnership owns an aging 4-unit retail center in a local campus property. Cash flow projections for the next 10 years are: $50,000 for years 1 and 2; $60,000 for years 3 and 4; $70,000 for...
-
given A = 2 -2 3 ' 3 4 2 , 4 2 5 2 2 B= 3 -3 2 2 1 2 1 4 2 2 3 F= 4 2 3 - 2 -2 4 2 3 2 3 4 2 4 I Find the resulting matricas based on the arth metic operation. attach solution on your the comment...
-
The 40 members of a recreation class were asked to name their favorite sports. The table shows the numbers who responded in various ways. Use information given in the table to answer the following...
Study smarter with the SolutionInn App