Journalize the following transactions for Shelton Ltd. a. Incurred direct labor costs of 24,000 for 3,000 hours.
Question:
Journalize the following transactions for Shelton Ltd.
a. Incurred direct labor costs of £24,000 for 3,000 hours. The standard labor cost was £24,900.
b. Assigned 3,000 direct labor hours costing £24,000 to production. Standard hours were 3,150.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a Factory Labor 24900 Labor Price Variance 900 Fact...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Question Posted:
Students also viewed these Business questions
-
Some overhead data for Woo Industries are given in BE26.6. In addition, the fl exible manufacturing overhead budget shows that budgeted costs are NT$120 variable per direct labor hour and...
-
The following information relates to Karen Weigel Co. for the year 2020. Instructions After analyzing the data, prepare (a) An income statement (b) A comprehensive income statement for the year 2020....
-
Kingston Publishers uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are 420,000 at the...
-
Sketch the graph and draw several vertical and horizontal traces. (x, y) = sin(x y)
-
Point out the similarities and differences between the one-dimensional particle-in-a-box and the harmonic-oscillator wave functions and energies.
-
What is the effect of a stock split on stockholder wealth?
-
What is the purpose of practice aids in forensic and valuation services?
-
Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May 2014. The company expected to operate the...
-
. Conduct research and review the pricing models for Amazon Web Services and Microsoft's Azure. . How are they similar and how are they different?
-
Your sister has just won $300,000 (taxfree) in the state lottery. Shes decided to quit her job and devote herself to writing novels for the next ten years, using her lottery winnings to support...
-
Journalize the following transactions for Nilsen Papers. 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...
-
Using the data in BE26.6 and BE26.10, compute the overhead volume variance. Normal capacity was 25,000 direct labor hours. Data from BE26.10: Some overhead data for Woo Industries are given in...
-
In Problems 23 - 34, find the indicated second-order partial derivative for each function f(x, y). Fyx(x,y) if f(x,y) = - 2x + y + 8
-
Scenario 7 Sally is the general manager of Latitude, a cafe located within The Continent Hotel. As a general manager, she is responsible for handling the cafe's day-to-day operations. This includes...
-
Durban-World Hotel needs an application that will help them with the booking. They need a GUI application that will generate a total price for a booking based on the type of a room, number of people...
-
How do you think your predominant leadership style will help you in the future? Are there other skills from other styles you feel you will need to work on? If so, which ones and why?
-
Explain using graph and words why the market labor demand curve isn't simply the horizontal summation of the firm's labor demand curves. Why is the market labor demand curve less elastic?
-
A $10,000 T-bill was bought on September 28, 2022 and matures on May 31, 2023. The simple discount rate was 3.26%. Find the price paid for this T-bill.
-
Lee Chang opened Lee's Window Washing on July 1, 2017. In July, the following transactions were completed: July 1 Invested $20,000 cash in the business. 1 Purchased a used truck for $25,000, paying...
-
The rate at which the temperature of an object changes is proportional to the difference between its own temperature and the temperature of the surrounding medium. Express this rate as a function of...
-
Indicate whether the following accounts generally will have (a) Debit entries only, (b) Credit entries only, or (c) Both debit and credit entries. (1) Cash. (2) Accounts Receivable. (3) Owners...
-
What are the basic steps in the recording process?
-
What are the basic steps in the recording process?
-
Crystal Water, a community committed to raise awareness towards water pollution in big cities, permission approved to install CCC an innovation water cleaning device. Administrative costs to obtain...
-
Business Cs net profit is $12,923, depreciation is $24,286, and its working investment (the total of accounts receivable and inventory, less accounts payable and accrued expenses) increased $9,782....
-
Sales Cost of goods sold Accounts receivable 2021 $ 677,594 348,023 32,863 2020 $ 451,729 231,982 26,336 2019 $ 376,441 195,235 25,711 2018 2017 $ 256,956 $ 193,200 132,448 15,083 98,532 13,234...
Study smarter with the SolutionInn App